The objective of financial reporting is to provide financial information to investors, lenders, creditors, contributors and others that assist these stakeholders in making decisions about providing resources to the entity.
Our unique approach provides our clients with a realistic and concrete foundation to successfully navigate the complexities associated with the evolving accounting standards and legislation.
Through our collective and continuous professional development, JMH & Co. ensures our team is fully versed in all the appropriate accounting standards and their application for you and your entity.
Audit and Review Engagement
The purpose of an audit engagement is to enable independent accountants to formulate an opinion on the fairness of an entity’s financial statements. Audited financial statements are the accepted means which many entities report to shareholders, bankers, creditors and various government sectors.
The purpose of a review engagement is to prepare and review financial statements to determine whether they are plausible. A review engagement provides less assurance than an audit engagement, but still confirms that all the required accounting standards are being met.
We have designed our audit and review approach to effectively and efficiently meet the required assurance standards, while providing flexibility for the appropriate application with your entity.
At JMH & Co., we are Your Partner for Financial Success!
On July 18, 2017, the Honourable Bill Morneau, Minister of Finance, announced the next steps in the government’s intention to close loopholes and deal with tax planning strategies used by private corporations. The Government of Canada released a consultation document that asks Canadians what actions should be taken to ensure