Audit & Assurance Services
Frequently Asked Questions
What audit and assurance services do you provide in Mississauga and the GTA?
Insight CPA offers full audit engagements, review engagements, and compilation (notice to reader) services for businesses, nonprofits, condos, and estates. We serve clients across Mississauga, Toronto, Brampton, Oakville, and the entire Greater Toronto Area. Call (905) 270-1873 to discuss your needs.
What is the difference between an audit, review, and compilation in Ontario?
An audit provides the highest level of assurance, a review provides moderate assurance, and a compilation (notice to reader) provides no assurance. Requirements depend on your lender, investors, or regulatory obligations. Learn more about audits, reviews, and compilations. Call (905) 270-1873.
How much does an audit cost for a small business in the Greater Toronto Area?
Audit costs typically range from $5,000 to $25,000 depending on business size, complexity, and internal controls. Review engagements are typically 40-60% less. We serve businesses across Mississauga, Toronto, and the GTA. Contact us at (905) 270-1873 for a custom quote.
Do nonprofits and charities need audits in Ontario?
It depends on your revenue and constitution. Many Ontario nonprofits with revenue over $100K-$500K require audits. Registered charities may need audited financial statements for the CRA. Our nonprofit specialists serve organizations across Mississauga, Toronto, and the GTA. Call (905) 270-1873.
Can you audit condo corporations in Mississauga and Toronto?
Yes. We specialize in condo corporation audits under the Condominium Act. We serve condo boards across Mississauga, Toronto, Oakville, Brampton, and the Greater Toronto Area. Contact us at (905) 270-1873.
How long does an audit take in the GTA?
Most audits take 2-6 weeks depending on business size, record quality, and internal controls. Planning begins 4-8 weeks before year-end. We serve clients across Mississauga, Toronto, and Ontario with efficient timelines. Call (905) 270-1873 to schedule.
What documents do I need to provide for an audit engagement?
Typical documents include financial statements, general ledger, bank statements, invoices, contracts, payroll records, and tax filings. We provide a detailed checklist during engagement planning. Serving Mississauga, Toronto, and the GTA. Contact us at (905) 270-1873.
Can you provide assurance services for lenders or investors in Ontario?
Absolutely. We prepare audited and reviewed financial statements that meet lender and investor requirements for financing, due diligence, and compliance. Serving businesses across Mississauga, Toronto, and the Greater Toronto Area. Call (905) 270-1873.