Assurance Engagement

Assurance Engagements, required by government, banks, shareholders, or other stakeholders, can be difficult to deal with even for experienced staff and auditors. Frosty Squirrel will do it’s best to ensure that audits, reviews and special assurance engagements will go smoothly.

Please note that all engagements are different in their size, capacity and fees. Please contact us for a discussion of the cost of your particular circumstances.

Audit Engagement

With over seven years of experience with a variety of financial statement audits including:

  • First Nation Governments
  • Municipal Governments
  • Not for Profit Organizations
  • Corporations
  • Societies
  • Chartered Communities
  • Lands Corporations
  • Joint Ventures

We are not able to perform publicly listed company audits, at this time.

A presentation of the audited financial statements to the board or council is included as well. If a presentation for the membership or shareholders is needed this is something that should be discussed when discussing the engagement. 

If you have any questions regarding our audits or have a tender outstanding please feel free to contact us.

Review Engagement

Review Engagements are more common when it comes to significant loans from financial institutions and with small to medium sized companies with regard to their shareholders. If a bank has asked you to have financial statements prepared in accordance with a specified accounting framework, this is likely the report you need.

If they say you need a compilation that is in accordance with a specific accounting framework, get a new bank as they do not know what a compilation is.If you have any questions regarding our reviews or have a tender outstanding please feel free to contact us.

Special Engagements

Special Engagements can be audits or reviews of financial information. These include, but are not limited to

  • Review of Schedules of Remuneration
  • Audit of Specified Financial Information
  • Political Campaigns
  • Special Reports to Membership & Shareholders

While these reports can vary in purpose, they are normally just a special situation that requires extra work and therefore usually an extra fee.

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