The AC Group of Independent Accounting Firms Limited

Audits and Reviews of Financial Statements

A major proportion of our practices consists of providing assurance and accounting services to a broad range of clients located throughout Atlantic Canada. These clients engage us as their accountants as they rely on our professional reputation for independence, objectivity, and credibility in carrying out our work. Because of our involvement, business owners and external users of the financial information can feel more confident in the reported results.

Our signing and issuance of an audit report means that we have conducted an examination of a client's books and accounting systems, which allows us to express an informed opinion on the fairness of the financial information attached to our report. An audit provides the highest level of assurance and is the most reliable service available to the public.

However, a large number of our clients don't need an audit, perhaps due to the owners' level of personal involvement in the business, or because external parties don't require this high level of assurance. As a result, we often perform less extensive work, and communicate the results in what is referred to as a review engagement report.

Other Financial Information Including Projections and Forecasts

Many clients engage us to provide assurance on other financial information, including various financial schedules, projected financial results, and financial forecasts. Again, our involvement may be required to fulfill a requirement by a third party, such as a franchisor, landlord, or financial lender, or may simply be the result of an owner or manager wanting to be more comfortable with the fairness of the information.