Frequently Asked Questions
Answers to common inquiries about our accounting and audit services
What types of audit services do you offer?
We offer statutory audits, internal control reviews, and compliance assessments tailored to meet Canadian regulatory standards. Each service is delivered by certified professionals who apply a rigorous methodology to verify accuracy and completeness.
How do you maintain confidentiality of financial records?
AccproTrust provides comprehensive compliance accounting and independent audit services to organizations of all sizes across Canada. We apply standardized methodologies and current regulatory guidance to ensure accurate recordkeeping and transparent reporting aligned with provincial and federal requirements.
What steps are involved in your audit process?
Our audit process begins with planning and risk assessment, followed by gathering necessary documentation and conducting fieldwork, including sampling and verification of records. We then analyze findings, discuss observations with your team, and deliver a detailed audit report with actionable insights and recommendations.
How do you ensure data confidentiality?
We maintain strict access controls, encrypted communications, and secure storage protocols. Our staff sign non-disclosure agreements and follow best practices in data handling to protect sensitive information at every stage of the engagement.
What types of financial reports do you prepare?
We prepare a full suite of financial reports including balance sheets, income statements, cash flow schedules, and statement of changes in equity. Each report is tailored to your organizational structure and reporting deadlines.
Can you assist with tax compliance requirements?
Yes. Our team stays current with Canadian tax regulations to help prepare and review tax filings, complete regulatory schedules, and advise on filing deadlines to meet federal and provincial obligations.
What qualifications do your auditors and accountants hold?
Our professionals are chartered with recognized accounting bodies, including CPA Canada designations. They undergo ongoing professional development to stay informed on evolving standards and industry best practices.
How do you customize services to our specific needs?
We begin with a discovery session to understand your operations, reporting framework, and internal controls. Based on that, we design a tailored engagement plan that addresses your priorities and integrates with existing processes.
What is the typical timeline for an audit engagement?
Timeline varies with organizational size and complexity. A standard audit for a small to medium entity often spans four to six weeks from planning through final report delivery, including interim meetings to discuss progress.
How are your fees structured?
Our fees are based on scope and complexity. We provide a clear engagement proposal outlining hours and activities, so you know the estimated investment before we begin.
What software and tools do you use?
We leverage industry-leading platforms such as QuickBooks Online, Xero, and CaseWare for recordkeeping and analysis. This ensures accurate data handling and efficient collaboration.
How do you stay current with changing regulations?
Our team participates in professional development programs, monitors updates from regulatory bodies, and subscribes to technical bulletins. We adjust our procedures promptly to align with new guidance.
How can I initiate an engagement with AccproTrust?
You can reach out via our website contact form or call +14161116742 to schedule a consultation. We’ll discuss your needs and propose a customized plan for accounting and auditing support.