Expert Financial Auditing for Canadian Businesses
Unlock transparency, compliance, and financial clarity with Neovance Audit Corp's professional auditing services.
About Neovance
Neovance Audit Corp is a leading Canadian financial auditing firm dedicated to providing transparent, comprehensive, and reliable audit solutions to businesses of all sizes.
Our team of certified auditors brings years of experience across various industries, allowing us to deliver specialized audit services tailored to your unique business needs.
We combine traditional auditing principles with modern methodologies to ensure your financial statements accurately reflect your business position, helping you make informed decisions and maintain compliance with Canadian regulations.
Our Advantages
Certified Expertise
Our team consists of fully certified Canadian auditors with extensive experience across various industries.
Risk-Based Approach
We identify and focus on areas of significant risk, ensuring efficient and thorough audits.
Strict Confidentiality
Your financial information remains secure with our rigorous confidentiality protocols and secure systems.
Transparency
Clear communication throughout the audit process, with no hidden fees or unexpected surprises.
Quality Assurance
Multiple levels of review ensure accuracy and comprehensive coverage in every audit we perform.
Dedicated Support
Direct access to audit managers and continuous support throughout the engagement.
Our Services
Financial Statement Audit
Comprehensive examination of your financial statements to ensure compliance with Canadian accounting standards and regulations.
- Balance sheet verification
- Income statement analysis
- Cash flow assessment
- Regulatory compliance review
Internal Control Audit
Evaluation of your internal financial controls to identify weaknesses and recommend improvements to prevent fraud and errors.
- Control environment assessment
- Risk assessment procedures
- Information system controls
- Monitoring activities review
Compliance Audit
Verification that your business operations comply with relevant laws, regulations, and standards applicable in Canada.
- Regulatory framework review
- Documentation validation
- Process compliance checks
- Improvement recommendations
Client Testimonials
Neovance's audit team provided exceptional service for our annual financial statement audit. Their attention to detail and clear communication made the process smooth and efficient.
As a growing retail business, we needed an audit partner who understood our industry. Neovance's specialized approach and actionable insights have been invaluable to our financial operations.
The internal control audit conducted by Neovance helped us identify and address critical weaknesses in our financial processes. Their recommendations have strengthened our operations significantly.
Our Audit Process
Initial Consultation
We discuss your business needs, audit requirements, and timeline to understand your specific situation and expectations.
Planning Phase
Our team develops a tailored audit strategy, identifying key risk areas and determining the necessary audit procedures.
Fieldwork Execution
We conduct thorough examinations of financial records, internal controls, and compliance with relevant regulations.
Analysis & Review
Findings are analyzed and reviewed by senior auditors to ensure accuracy and thoroughness of the audit process.
Reporting & Recommendations
We provide a comprehensive audit report with detailed findings and actionable recommendations for improvement.
Follow-up Support
Our team remains available to clarify findings and assist with implementing recommendations after the audit is complete.
Frequently Asked Questions
The duration of an audit depends on the size and complexity of your business. A typical financial statement audit for a small to medium-sized business can take 2-4 weeks from planning to final report. Internal control audits may require 1-3 weeks, while compliance audits typically take 1-2 weeks. We always provide a timeline estimate during our initial consultation.
Required documentation typically includes financial statements, general ledger, bank statements, accounts receivable and payable records, inventory reports, payroll records, tax filings, and organizational documents like contracts and meeting minutes. We'll provide a detailed checklist specific to your audit type during the planning phase.
Most businesses benefit from annual financial statement audits. Internal control audits are typically conducted every 1-2 years or after significant operational changes. Compliance audits may be required annually or based on specific industry regulations. We can help determine the optimal frequency based on your business needs and regulatory requirements.
Neovance Audit Corp stands out through our industry-specific expertise, transparent pricing, dedicated client service, and practical approach to recommendations. We focus on providing actionable insights that improve your business operations, not just checking compliance boxes. Our team also offers ongoing support beyond the audit completion.
Absolutely! We specialize in first-time audits and take extra care to guide you through the process. Our team will provide clear explanations, detailed preparation instructions, and ongoing support throughout your first audit experience. We focus on making the process educational and valuable for businesses new to formal auditing.
If we identify issues during the audit, we'll communicate them promptly and clearly. Our approach is constructive – we explain the nature of the issue, its potential impact, and provide practical recommendations for resolution. Significant findings are discussed with management before finalizing the audit report, ensuring you have a clear understanding and action plan.
Request an Audit
Contact Information
Have questions or ready to schedule your audit? Reach out to our team today.
Phone: +1 (805) 974-2360
Email: [email protected]
Address: 123 Financial District, Toronto, ON, Canada
Hours: Monday - Friday: 9:00 AM - 5:00 PM EST