Auditing and Assurance


A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures.

In an increasingly complex business environment, you need a Licensed Public Accountant that you can trust to work with you to ensure your financial reporting is in compliance with relevant accounting and auditing standards.

Assurance Services for Private Enterprises

Connelly & Koshy has extensive experience in audit and assurance services for private, not-for-profit, and government organizations. We will meet with you and review your current operational structure to then design relevant procedures (following an understanding of your internal control) to ensure your accounting controls are working accurately and producing expected results.  We will also then recommend improvements when necessary.  We strive to assist you in better understanding your accounting and financial reporting obligations.

Assurance for Not-For-Profit Organizations 

As a not-for-profit, there are many regulatory requirements that you are required to meet. We are here to help you understand and meet these requirements, as well as assist management and the board of directors in understanding all aspects of our accounting services. Our assurance and accounting services requires documentation for the following:

  • General Business Environment
  • Information Technology
  • Financial Statement Preparation
  • Revenue, receivables and receipts
  • Purchases, payables and payments
  • Payroll

When documenting the above, we will make recommendations where we can to increase the reliability of the information being presented in the financial statements.

Assurance for Government Programs 

CK provides a full spectrum of financial audit and assurance services to assist you in managing the financial aspects of your government department and programs, including:

  • Financial Statement Audits and Review Engagements
  • Contribution Agreement Audits
  • Lease Agreement Compliance Audits
  • Assurance Services
© 2024, Connelly & Koshy Professional Corporation Chartered Accountants in Ottawa, Ontario. | Ottawa Web Design - WEBSHARK