Financial Audit Services for SMBs in Ontario
Financial Audit Services Financial Audit Services

Financial Audit Services - Ensure Compliance & Accuracy, Book a Call Today

Financial Audit Services give professionals and manufacturers peace of mind by ensuring accuracy, compliance, and risk monitoring. At Mangat CPA Professional Corporation, Chartered & Tax Accountant, we provide tailored auditing solutions that bring clarity, transparency, and credibility to your financial records.

Our expert-led audits help businesses meet industry standards, strengthen controls, and build trust with stakeholders. Discover how we can protect your company and support long-term growth.

Contact us today to schedule your initial consultation.

At Mangat CPA Professional Corporation, our financial audit services are built on independent assessment and practical support for small and medium-sized businesses. With precision and expertise, our team verifies balances, identifies inconsistencies, and evaluates key internal controls.

Drawing on deep technical knowledge, we thoroughly review financial processes to highlight strengths, uncover vulnerabilities, and ensure compliance with accounting standards. Clear communication and timely reporting give leaders the confidence to make informed decisions. The result is an audit experience that reduces risk, strengthens governance, and delivers a true and fair financial picture providing reliable insights to guide your next stage of growth.

Request a tailored financial review

Financial Statement Audit

Reliable Outcomes Through Financial Transparency

Gain visibility and authentic reporting with our transparent auditing practice. Improved transparency supports stakeholder trust and strategic planning.

financial audit services

Assured Integrity with Audit Quality Emphasis

Our systematic controls ensure that audit quality standards are upheld. Consistency and rigour enhance your reputation with stakeholders.

audit quality

Proactive Approach to Controls Evaluation

We assess and refine internal control frameworks to safeguard assets. Controls evaluation minimises vulnerabilities and supports compliance objectives.

controls evaluation

Comprehensive Support for Regulatory Reporting

Stay ahead of regulations with specialised assistance in regulatory reporting. Quality submissions minimise the risk of penalties and disruptions.

Independent Financial Statement Audit

An independent financial statement audit provides assurance for owners, directors, lenders, and investors by verifying the accuracy of your company’s accounts, records, and reporting procedures. Our thorough examination follows established accounting standards to deliver a clear, unbiased opinion of your financial position building confidence and reducing risk.

regulatory reporting

Financial statement audits enhance transparency, demonstrate due diligence, and support regulatory filings or funding requirements. With improved credibility, your business is better positioned for new partnerships, credit opportunities, and sustainable growth.

  • Evaluate internal and external records thoroughly
  • Verify balance sheet and income statement accuracy
  • Assess key risks impacting financial reporting
  • Deliver clear, easy-to-understand audit opinions
  • Support investor and lender due diligence

Comprehensive Controls Review

Our controls review assesses policies, systems, and processes to ensure internal controls work as intended. We identify weaknesses and recommend improvements tailored to your business, helping reduce the risk of error or fraud.

By strengthening internal frameworks, you protect assets, maintain compliance, and minimize liability. Especially valuable during times of change or growth, our reviews provide assurance that your financial processes remain secure, stable, and adaptable as your company evolves.

  • Identify gaps in key control activities
  • Test reliability of accounting processes
  • Recommend actionable improvements
  • Support management in risk reduction
  • Ensure sustainable internal infrastructure

External Audit Support and Coordination

We provide dedicated external audit support, acting on your behalf during third-party audit engagements. Our team prepares documentation, explains complex items, and responds to auditor queries ensuring a streamlined, stress-free audit process that saves time and avoids delays.

This service complements your finance staff, allowing them to focus on core business duties while we manage the audit efficiently. With our proactive approach, your external audit runs smoothly, maximizing the value of independent review and strengthening business credibility.

  • Coordinate communication with audit partners
  • Compile required supporting evidence
  • Clarify technical accounting queries
  • Facilitate timely response to requests
  • Assist in minimising audit disruptions

Regulatory and Statutory Reporting Assurance

financial transparency

Our regulatory and statutory reporting assurance service helps businesses meet complex requirements set by government and industry bodies. We review reports for accuracy, verify disclosures against legal and professional standards, and support the preparation of clear, informative submissions tailored to your sector.

This assurance work reduces non-compliance risk, strengthens your compliance culture, and enhances stakeholder confidence. With meticulous preparation, we improve readiness for deadlines and inspections, keeping you current as regulations evolve and reinforcing management’s reputation for reliable reporting.

  • Review statutory and regulatory filings for accuracy
  • Validate required disclosures in reports
  • Advise on legislative or industry developments
  • Meet submission deadlines confidently
  • Reduce compliance failure risks

Ongoing Financial Statement Audit Services

Our ongoing financial statement auditing services provide routine assessments to keep your company’s financials accurate, compliant, and on track. Regular reviews catch inconsistencies early, mitigate emerging risks, and strengthen financial management giving decision-makers year-round confidence.

This service scales with your business, allowing oversight to adapt as needs evolve. We tailor each review to your priorities while ensuring timeliness, efficiency, and actionable insights. With our trusted support, your company stays audit-ready and compliant at every stage of growth.

Schedule regular audit health checks

Monitor compliance throughout the year

Detect errors before they escalate

Offer guidance on accounting best practices

Adjust frequency to fit business cycles

Frequently Asked Questions

Mangat CPA Professional Corporation offers accounting & advisory services for small businesses across Etobicoke, Mississauga, Oakville, Burlington, Vaughan, Brampton, Markham, Barrie, Oshawa, Toronto, Scarborough, Richmond Hill, and the surrounding areas.