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!
Yet another letter has arrived from Canada Revenue Agency asking for more details on one tiny item included in your taxes this year. This may leave you wondering, is this normal? Or does CRA have it out for me? While it can certainly feel like you are always being picked