This document discusses assurance services offered by Freelandt Caldwell Reilly LLP to provide clients with accurate financial information. It offers notice to reader services, review services, and audit services depending on clients' needs. Notice to reader involves basic assessments for internal purposes, while reviews provide limited assurance for strategic planning. Audits add credibility for external users like regulators and creditors by ensuring accurate financial reporting. The assurance services aim to support clients' decision making by evaluating financial reporting methods and identifying risks.

1. ASSURANCE SERVICES

2. CONFIDENCE FOR INSPIRED GROWTH.
ACCOUNTING ASSURANCE ADVISORY TAX
Decision makers dedicate every day to developing a
strategy that allows a business to not only grow, but
thrive.
Resultantly, as organizations develop in complexity,
the accuracy of financial information becomes
important to an entity’s overall success.
Accurate financial statements open up a world of
possibilities for decision makers, transforming
roadblocks into challenges, challenges that can
become competitive opportunities.
Ensuring the accuracy of financial information is an
integral first step in the decision making process.
The assurance services offered at FCR provide a unique
advantage to many of our clients. Depending on your
organizational needs, our experienced accounting and
assurance teams offer solutions in the following service
categories:
An organization’s choice of engagement type will
depend primarily on the users of the financial statements.
Our assurance professionals have a depth and breadth
of industry expertise, which is essential to understanding
an organization’s business model. By understanding your
models and industries, our teams can identify which
area’s pose the highest risk in the material presentation
of your financial statements.
With over two decades of experience in Northern
markets, FCR’s assurance teams understand local market
conditions, as well as the unique challenges and resultant
opportunities. This knowledge allows us to formulate
effective assurance strategies for local organizations,
offering practical and industry focused advisory services
throughout the assurance engagement.
The assurance services at Freelandt Caldwell Reilly LLP
provide you with year round contact with an assurance
professional. This ensures continued support throughout
the assurance process, keeping your management team
up to date on industry and reporting changes that affect
your organization.
ASSURANCE AND COMPLIANCE SERVICES
WHEN ORGANIZATIONS SEEK THE PRECARIOUS BALANCE BETWEEN RISK AND REWARD; THE ACCURACY,
CREDIBILITY, AND RELIABILITY OF FINANCIAL INFORMATION IS INTEGRAL TO THE DECISION MAKING PROCESS.
Review Engagements
Compilation Engagements
Financial Audit Engagements
Strategic Performance Review
A DEPTH AND BREADTH OF EXPERIENCE
INDUSTRY CENTRIC APPROACH
CONTINUED CONTACT

3. WWW.FCRCA.COM
ASSURANCE SERVICES
NOTICE TO READER SERVICES
Compilations are the most basic means of assessing the
reporting methods of an organization and provide little
assurance on the relativity of financial information.
These types of assessments are used to provide
managers with feedback as to the general direction
that the organization is traveling and whether or not
certain financial goals are being met.
Notice to reader, year end statements are useful for
internal purposes and are recommended if:
■ You are a sole proprietor or a small business entity;
■ Your business is looking to supplement annual audits
or review services with interim financial statements;
■ There are no third party users who rely on audited
financial statements;
■ You require financial statements strictly for internal
purposes;
■ Your needs for strategic planning (investment, tax,
accounting) are very limited.
REVIEW SERVICES
While an audit’s directive is to ensure the accurate
presentation of financial information for third parties, a
review serves more of an internal purpose.
It allows managers and business owners to evaluate the
company’s various reporting methods while providing
these same individuals with what is known as “limited
assurance”.
Organizations will generally seek feedback via a review
engagement if:
■ The organization is heavily reliant on external financ-
ing;
■ Financial statements are relied upon for the purpose
of buying or selling the organization;
■ The statements will help accounting or tax profes-
sionals provide advice to the organization’s manage-
ment for strategic planning initiatives.
OUR AUDIT PROCESS
Audit Acceptance and Planning
Reporting
Audit Field Work
Audit Strategy Development
Risk Assessment and Profile
CONTINUEDCLIENTENGAGEMENT
AUDIT SERVICES
Audited financial statements serve different purposes
for different users. Generally, audited financial infor-
mation aims to add credibility to an organization’s
financial reporting and the management of its financial
affairs.
These audited financial statements are the medium
through which organizations report to shareholders,
the government, regulatory bodies, banks, creditors,
investors, venture capitalists and insurance companies.
Typically, audits are recommended if:
■ There is a requirement from your bank, creditor, or
insurance provider;
■ A regulatory party requests audited financial
statements;
■ Funding agency’s request financial statements;
■ Accurate financial statements are instrumental in
strategy development.

4. 62 Frood Rd. - Suite 301
Sudbury, ON
P3C 4Z3
30 McCulloch Drive
Espanola, ON
P5E 1J1
1.855.363.3526
fcr@fcrca.com
www.fcrca.com