Ottawa Audits and Assurance Services
Trusted Auditors in Ottawa for Financial Accuracy
Looking for reliable audit and assurance services in Ottawa? Boyer & Boyer’s team of Chartered Professional Accountants (CPAs) and auditors provide independent, expert analysis to help you meet your compliance requirements, improve internal controls, and build stakeholder trust.
Whether you’re preparing for investor reporting, a CRA audit, or simply want to ensure your financials are fair and credible, our Ottawa-based audit services deliver the clarity and assurance you need to make confident decisions.
We offer all audit and assurance services in both English and French to meet the needs of Ottawa’s diverse business community.
What Are Audit and Assurance Services?
Audit and assurance services involve a professional, independent review of your financial records and operations. These services help Ottawa businesses:
•Ensure financial statements are accurate, fairly present the company’s financial position, and comply with Canadian accounting standards.
•Increase credibility with investors, lenders, and stakeholders
•Identify operational risks and improve internal controls
External Audits
Get a clear, independent picture of your financial position. External audits help confirm that your records present fairly, in all material respects, their financial position and results, and are prepared in accordance with Canadian accounting standards.
Types of External Audits:
- Financial Statement Audit: A full review of your company’s financials to ensure fairness and accuracy
- Compliance Audit: Ensure you’re meeting the statutory obligations of your industry or funding partners
- Operational Audit: Evaluate the efficiency and effectiveness of your business operations and internal systems
Financial Statement Reviews
Need a second set of eyes but not a full audit? A review engagement provides limited assurance that your financial statements are free from material misstatements.
Our CPAs will:
- Perform analytical procedures to identify unusual trends or inconsistencies
- Conduct management inquiries and targeted testing
- Prepare statements aligned with Canadian Accounting Standards for Private Enterprises (ASPE) or Accounting Standard for Not-for-Profit Organizations (ASNPO)
Ideal for: Small to mid-sized Ottawa businesses or not-for-profit organizations seeking assurance for stakeholders, lenders, investors, funders, or internal oversight.
Compilation of Financial Statements
If you don’t require assurance but still need well-organized financial statements, our compilation services are a cost-effective solution.
- Data Collection & Organization: We gather financial data from your internal records
- Statement Preparation: Clean, easy-to-read statements prepared by professionals
- No Assurance Provided: Ideal for internal use or management planning
Internal Control Assessment
Concerned about fraud or inefficiencies? Strong internal controls are essential for protecting your business and ensuring reliable financial reporting.
Our internal audit team will:
- Assess risk areas in your operations
- Evaluate your current controls and identify weaknesses
- Deliver actionable recommendations to strengthen your financial integrity
We offer services in both French and English, making us a great fit for bilingual and Francophone businesses in Ottawa.
Regulatory Compliance Support
Ensure your business stays compliant with changing financial regulations across Canada. Our auditors help Ottawa businesses navigate laws, rules & regulations for industry mandates, and funding requirements.
- Compliance reviews for grants, and reporting obligations
- Gap analysis with clear steps to close compliance weaknesses
- Ongoing monitoring frameworks for proactive oversight
Why Choose Boyer & Boyer for Ottawa Audits?
- Local Expertise: Based in Ottawa, we understand the regulatory environment and industry-specific needs of businesses in Ontario.
- Experienced CPAs & Auditors: Decades of combined audit experience with public, private, and non-profit clients
- Aligned Processes: Our audits and reviews follow all applicable ASPE, and ASNPO
Frequently Asked Questions (FAQs)
-
What is a financial audit?
A financial audit is a detailed review of your financial statements conducted by an independent auditor to ensure they present fairly the financial situation and comply with accounting standards.
-
Who needs an audit in Ottawa?
In Canada, audits may be required for:
- Publicly traded companies
- Non-profits with revenue above certain thresholds
- Corporations with investor or lender requirements
-
What’s the difference between an audit and a review?
An audit offers high-level assurance through detailed testing. Review engagement offers limited assurance, primarily through analysis and inquiries.
-
How do I prepare for a financial audit?
To prepare:
- Ensure your books are up to date
- Reconcile all bank accounts
- Organize documentation like invoices, payroll records, and contracts
-
Can audits detect fraud?
While not specifically designed to uncover fraud, audits may identify red flags or discrepancies that may warrant further investigation.
Common Tax & Audit Questions We Help Answer
Here are some of the most frequently searched and asked questions from Ottawa businesses and Canadian taxpayers:
- Do I need a financial audit for my small business?
- What’s the difference between a review engagement and an audit?
- Is a Notice to Reader the same as a compilation engagement?
- How often should internal controls be assessed?
- What are the CRA compliance requirements for corporations?
- Can an audit uncover fraud or financial mismanagement?
- Do non-profit organizations in Canada need audited financial statements?
- How do I choose between an audit, review, or compilation?
- Why is 100% accuracy impossible in an audit process
Each of these questions reflects the concerns we address every day with clients in Ottawa. Whether you’re facing a regulatory deadline or simply want better clarity around your financials, we’re here to help.
Serving Ottawa Businesses and Organizations with Confidence
At Boyer & Boyer, CPA, we help businesses across Ottawa and Eastern Ontario stay financially transparent and CRA-compliant. Whether you need a full audit, internal control review, or annual financial statement preparation, we’re here to support your growth with expert assurance services.
As a bilingual firm, we ensure seamless communication and service delivery for English and French-speaking clients alike.
