Jennings March Information

At Jennings March, we offers three levels of engagements: Audit- An audit involves an intensive examination of your business' financial records and operations and provides the highest level of assurance that the financial statements are presented fairly. We use Canadian generally accepted auditing standards to plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatements. During the audit, we develop a thorough understanding of your business, which also allows us to make recommendations for improvements to your accounting systems, internal controls and other operational activities. Review- A review provides a moderate level of assurance and requires significantly less work to complete the engagement. Based on Canadian generally accepted standards, we use primarily enquiry, analysis and discussion to determine that the financial information provided by management is plausible. Compilation- If your business has minimal external reporting requirements and you are actively involved in daily operations, a compilation engagement is a low cost, non-assurance alternative. For the compilation, we create easy-to-read financial statements from infomation provided to us. A compilation is most appropriate when prepared primarily for use by management/owner or meeting tax filing requirements.