Assurance Services
Financial Statements
You Can Stand Behind.
Compilations, reviews, and audits conducted with the independence, rigour, and professionalism that lenders, boards, and regulators require — and that your business deserves.
What's Included
The Right Level of Assurance for Your Situation
Not every business needs an audit. What you need depends on who is relying on your financial statements and for what purpose. We assess your situation and recommend the engagement type that is appropriate — then deliver it with the same standard of care regardless of scope.
Aggrim brings direct experience in CPAB, PCAOB, and ISA standards from Big 4 public company auditing — applied with the same rigour here, at every engagement size.
- Compilation engagements (previously known as Notice to Reader)
- Review engagements
- Audit engagements
- Audit engagement preparation and readiness support
- Agreed-upon procedures engagements
- Financial statement preparation under ASPE, IFRS, and ASNPO
- Working paper preparation and documentation
- Findings communication to management and boards
Engagement Types
Which One Do You Need?
The level of assurance required depends on your stakeholders, your industry, and your obligations.
Compilation
The most common engagement for private businesses — your financial statements assembled from the information you provide, without audit or review procedures. Required by many lenders and tax advisors.
Review
Provides limited assurance through analytical procedures and inquiry — a step above compilation. Often required by banks, partners, or minority shareholders who want greater confidence in the numbers.
Audit
The highest level of assurance — required by public companies, regulated entities, and many organizations receiving government funding. We bring Big 4 experience to every audit engagement we accept.
Reporting Frameworks
Experience Across the
Full Range of Standards
Accounting Standards for Private Enterprises
The most common framework for private Canadian businesses. We prepare and review ASPE financial statements with an understanding of the elections and judgements that affect your specific situation.
International Financial Reporting Standards
Required for public companies and adopted by many larger private entities. Aggrim's background in public company auditing means IFRS is familiar territory, not a stretch.
Accounting Standards for Not-for-Profit Organizations
Nonprofits, charities, and First Nations governments have unique reporting requirements. We have direct experience in this framework and understand the nuances of fund accounting and restricted contributions.
Agreed-Upon Procedures
When a full audit is not required but specific procedures are — for a transaction, a grant, or a dispute — we design and execute agreed-upon procedures engagements tailored to your need.
Common Questions
Frequently Asked
Does my bank require a compilation or a review?
This depends on your lender and your credit facility. Many lenders accept compiled financial statements for smaller loans; larger facilities or covenants often require a review. We can help you confirm what your lender requires and prepare accordingly.
How far in advance should we engage you for an audit?
For a first-year audit, as early as possible — ideally two to three months before year-end. We assess your internal control environment, identify risks, and plan the engagement properly. Rushed audits are less efficient and more costly.
Can you prepare our financial statements and also audit them?
No. Independence standards prohibit the same firm from both preparing and auditing financial statements. If we prepare your statements under a compilation or review engagement, we cannot serve as your auditor. We will help you understand your options and find the right structure.
We've never had an assurance engagement before. Where do we start?
Start with a conversation. We'll ask about your stakeholders, what they require, and the state of your current records. From there we'll recommend the appropriate engagement type and walk you through exactly what to expect.
Get Started
Financial Statements Built
on a Foundation That Holds.
First consultation is free. Let's have a conversation about your assurance needs.
Book Your Free Consultationor email us at info@guptaco.ca