Besides our commitment to provide high quality and efficient audits, we go further and make valuable recommendations to management by identifying any control deficiencies or weaknesses, provide solutions which can help improve your accounting process and operating efficiencies.
Audit and Assurance Engagements for Private Businesses and Not for Profits
High Quality Independent Audit and Assurance Services
Audit and assurance includes enhancing the reliability of information through activities such as internal control, internal and comprehensive auditing as well as through external third-party assurance services such as auditing.
At RAPC, our purpose is to build trust in our clients audits and solve their issues. We help our clients by engaging in a broad array of high-impact accounting, auditing, financial reporting to resolve their issues.
A personalized approach to your business is what sets us apart. Together we’ll review your needs and create the ideal team of advisors.
Whether to meet legal requirements or satisfy the needs of financiers, shareholders or other stakeholders, our clients not only value the robust assurance our audit services that we provide, but also the pragmatic and commercial approach we take that seeks to add value and improve business performance.
Risked Based Audit
Our Firm utilizes a risk-based audit methodology. This requires a thorough understanding of our clients’ organization, its goals and objectives, key business risks, business operations and financial business educational background. We are committed to maintaining a high quality of audit and assurance service with a combination of superior people, well-established resources and collaborative services.
Our audit and review procedures follow the protocols and practices required by Chartered Professional Accountants in Canada. Our goal is to proactively identify, communicate and resolve any technical or operational issues that might lead to or may be causing business risks and failures.
We provide services to privately held businesses, condominium audits, co-operative housing society audits. We also audit churches and other charitable institutions.
Why should you engage RAPC for your audits
We are committed to provide high quality and efficient audits. In all our audit engagements we ensure that we undertake –
- We obtain a robust understanding of the entity’s system of internal control
- Ascertain and identify the controls relevant to the audit
- Evaluate the design effectiveness of each relevant control and determine whether the controls have been implemented as designed
- Identify and assess the client’s risks of material misstatement inclusive of control risk at the assertion level
- Design and perform audit procedures that are responsive to the assessed risks
- Document the linkage between the assessed risk and the audit procedures.
- Data analytics helps us perform better quality work with higher efficiency in our audit engagements.
Here are several benefits that will give you a good return on your investment for this service:
- Increased financial reliability and integrity
- The ability to negotiate financing or improved financing terms with lenders
- Lets you improve internal control systems
- Peace of mind for business or organization stakeholders (investors, bankers, owners, leadership or board members)
- Higher business sale value
- Improved operational efficiency and reduce waste
- Enhanced shareholder relations
- Assessment of staff / employees so that training can be provided if needed
- Opportunities for cost savings
- Could help streamline operations
- Determine adequacy of internal controls
- Promote best practices for controls
- Ensure compliance with policies and regulations
- Review IT projects, systems, and technology
- Assist management in addressing complex, cross-functional issues
Audit and Assurance Engagements For Not for Profits
If you are a condominium, Co-operative society, charity, association or not-for-profit looking for accounting, audit or bookkeeping services in Calgary, you have come to the right place.
Our Firm supports nonprofit organizations and provides audits, reviews and financial statements. We file your T3010 Registered Charity Information Return and T1044 Non-Profit Organization (NPO) Information Return. Advise on internal process and control evaluations to help prevent errors, fraud & theft. We answer questions that the Board may request. We prepare reports to your stakeholders.