Audit Assurance and Accounting Services
The details of your business matter. As a CPA-led service, Accounting and Assurance allows you to attain clear, impactful financial data, offering fiscal awareness to gain a deeper understanding of your business operations and how to take them to the next level.
At Bateman MacKay LLP, our CPA team delivers accurate, timely, and detailed financial reporting. Leveraging years of experience, advanced technology, and deep accounting expertise, we deliver clarity into your finances. Our personalized, relationship-driven approach means we truly understand your business, so we can support your growth with tailored assurance, tax, and accounting services across Toronto, Mississauga, Burlington and beyond.
What is an Assurance Service?
An assurance service is an independent, professional evaluation performed by a Certified Public Accountant (CPA) and Licensed Public Accountant (LPA) that examines your company’s financial information, processes, or controls to improve information quality and reduce information risk, enabling stakeholders to make better decisions.
Benefits: We offer multiple levels of assurance, including review engagements and corporate audits that provide lenders and stakeholders with confidence in your current and projected financial health through clear, in-depth reporting. This assurance allows you to focus on business growth knowing your financial information is reliable and credible. Beyond lender reliability, assurance enhances transparency, supports risk management, and builds trust with investors, regulators, and partners.
Audit Assurance Engagement
What Is an Audited Financial Statement?
An audit is the highest level of assurance available for your financial statements, an independent, professional evaluation performed by a CPA and LPA. It provides reasonable assurance that your statements are fair and accurate, helping boost confidence with external stakeholders like shareholders, bankers, creditors, and the government
Tailored Audit Approach For You
At Bateman MacKay, we tailor each audit engagement to fit your unique business needs. Bateman MacKay’s CPA-led team delivers a thorough, independent and professional opinion on the fairness of your financial statements. At the same time, we can assist in evaluating your company’s system of internal control by conducting an inspection of documents, observing assets, making enquiries within and outside the company, and engaging in other auditing procedures, as required.
Throughout the audit process, we identify opportunities to streamline operations and improve the efficiency of your accounting systems all with a strategic view toward your broader business goals.
Ready to strengthen stakeholder confidence and prepare your business for growth? Book a virtual appointment with a Bateman MacKay Audit & Assurance Advisor today!
What is a Review Engagement?
A review engagement is a streamlined form of assurance that delivers confidence in your financial statements without undergoing the rigour of a full audit. This is achieved through inquiry-based assessments and analytical procedures rather than comprehensive testing.
How Does Our Review Engagement Service Work?
Our review engagement process delivers limited assurance, a cost-effective middle ground between a compilation and a full audit. This approach offers meaningful confidence without the time and cost of a full audit.
What to Expect:
- We conduct targeted inquiries with management to assess accounting practices, policies, and significant transactions.
- We apply analytical procedures, such as trend analysis, ratio comparisons, and variance analysis, to identify potential anomalies.
Based on these procedures, our CPA delivers a negative assurance report, stating whether anything has come to their attention that suggests the financial statements may require material modification.
A review engagement is often required when obtaining or renewing bank financing and is a useful tool in the business consultation process.
How We Can Serve YOU!
Mature & Stable Business
Well-established companies with a consistent market presence and reliable revenue streams.
- $10million + in revenue
- Multiple entity structure
Mature & Stable Businesses
Growing Business
Growing while focusing on increasing market share, scaling operations, and possibly exploring new markets
- $2-10 million
- a need for increased infrastructure, workforce expansion
- managing new product lines or services
Growing Businesses
Small Business
Smaller enterprises, often with a localized market focus and a lean operational model.
- Less than $2 million
- a simple organizational structure, with fewer employees and limited requirements.
Startups & Small Businesses
Regulated Professional
Medical professionals, lawyers and others operating in professions governed by regulatory standards and ethical codes.
Accounting for Regulated Professionals
Accounting Services in Toronto
What Is a Compilation Engagement (Notice to Reader)?
A compilation engagement, also known as a notice to reader, is the most basic of corporate accounting services. The objective is to compile unaudited financial information into financial statements or reports based on the information clients supply to us. Compilation engagements are applicable when financial statements are needed for the exclusive use of the company or for income tax purposes.
Special Reports
In addition to assurance services like audits, review engagements, and compilations, we offer accounting services designed to meet specific business needs and reporting requirements:
- Reports on the results of applying specified auditing procedures on information other than financial statements
- Forecasts & Projections Assurance: We review the reasonableness of your financial forecasts and projections, assessing whether assumptions supporting future-oriented statements are based on sound logic and valid methodology.
- Internal audit and reviews of internal control over financial reporting
- Budget development and analysis
100s
Audits Completed
3
Licensed Public Accountants
47+
Industry Experts
Award Winning CPA Firm
We deliver more than accounting, tax, and advisory services. Our dedicated CPAs provide personalized support through every business stage, from start-up to succession, ensuring optimal outcomes and lasting success. Guided by our “Numbers Plus” philosophy, we see tax and accounting as the foundation for proactive business advisory, while fostering a supportive workplace culture that values growth, balance, and well-being for our team.
Our Services
Bateman MacKay LLP is a full-service accounting firm offering corporate tax planning and compliance, accounting and assurance, and business advisory services, with clients from small businesses to growing and mature enterprises.
With offices in the west Greater Toronto Area, we serve companies across Canada.
Assurance and Accounting
The details of your business matter. As a CPA-led service, Accounting and Assurance allows you to attain clear, impactful financial data, offering fiscal awareness to gain a deeper understanding of your business operations and how to take them to the next level.
Accounting Solutions
Tax Services
Our Tax Consultants create and execute customized tax solutions and corporate tax planning tailored to each client’s unique needs. Let Bateman MacKay provide strategic tax planning, guidance, and mentorship to help you grow, protect, and preserve your business.
Tax Planning & Consulting
Mergers and Acquisitions
Our team offers a comprehensive suite of M&A advisory services addressing the myriad complexities of Mergers and Acquisitions with strategic tax planning, business valuations, and financing strategy.
M&A Advisory Services
Business Advisory and Consulting Services
Our experienced business advisors identify strengths and weaknesses, address opportunities, and work with you to build a foundation that supports today’s business goals and establishes a target for the future.
Business Advisory Services
Latest News
Stay Up-to-Date
Stay informed with our in-depth articles, market updates, and practical tips to help you navigate the financial landscape and achieve your business goals.
Frequently Asked Questions
- What is the benefit of an audit engagement for my business ?
An audit provides the highest level of assurance on your financial statements, reassuring stakeholders of your business’s financial accuracy and integrity.
- When would my business need a review engagement?
A review engagement offers moderate assurance and is often required for obtaining or renewing bank financing, focusing on verifying financial consistency.
- What is a compilation engagement (Notice to Reader), and who needs it?
A compilation, or Notice to Reader, organizes unaudited financial data into a standard format, ideal for internal use or tax purposes.
- How can Bateman MacKay’s special reports support my business?
Special reports address specific needs, such as forecasts, projections, and internal audits, providing targeted insights beyond standard financial statements.
- Why choose Bateman MacKay LLP for assurance and accounting?
With extensive experience, skilled CPAs, and advanced tools, Bateman MacKay offers reliable assurance and accounting to drive financial clarity and growth.
- What is the difference between a review engagement and an audit?
An audit engagement provides the highest level of assurance, verifying financial statements through detailed testing. A review engagement is less extensive, using analytical procedures to confirm accuracy. Both services boost credibility for lenders and stakeholders.
- How do accounting & auditing services support business growth?
Our accounting and assurance services provide financial clarity, helping businesses and lenders identify risks, optimize operations, and improve decision-making. Reliable financial data is key to scaling efficiently.
- How do I get started with Bateman MacKay’s accounting & assurance services?
Book a virtual consultation with our CPA-led team in Burlington and Mississauga to discuss your audit, review, or accounting needs and discover how we can help you achieve financial clarity and business success.