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It's Our Expertise That Counts

With your businesses accounting needs professionally organized by Stewart Gee, you will be better equipped to clearly develop the best options to drive your business forward.

Having serviced the accounting needs of small business owners within and around Saskatoon with the utmost in confidence for over 20 years, we are fully qualified to guide you through your decision-making process.

If any of the following points are true when you examine your accounting support, then we can help you. Your Accountant:

  • does not spend enough time with you
  • Stewart, Gee, Murray & Sen gives personalized attention to your whole organizationis not providing effective business advice
  • does not provide Tax Saving Strategies that are effective
  • is not Professional and does not give you the right advice when needed
  • is unable to reply to queries raised by the management regarding accounts
  • not available when you need them most
  • not affordable

We give personalized attention to your whole organization. Our accountants are in an excellent position to advise, as they are constantly updated with the latest taxation requirements and market conditions. With over 20 years of experience, we know how to generate efficiencies in business by demonstrating profitable alternatives from our extensive experience.

We can provide business with professional help in many areas including:

  • Business advice
  • Forecasting
  • Tax planning
  • Accounting, GST and provincial tax

If you find you are having difficulty making decisions about your business, call us in Saskatoon at 306-653-7800 or quickly contact us using the form below.

We have your best interest at hand and work for a lasting relationship with all our clients. Accounting services for business from our firm just might be the boost you need.

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.

Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.

Audit - Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.

Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.

An Audit allows you to...

  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information.
  • Facilitate the payment of corporate tax, goods and services tax, and other taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.
  • Comply with banking covenants.
  • Potentially deter and detect material fraud and error.
  • Facilitate the purchase and sale of businesses.

Here's what you get...

You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:

  • Your customers, to check outstanding receivable balances,
  • Your banks, to confirm cash or debt balances and terms,
  • Your vendors, to verify outstanding payable balances, and
  • Your attorneys, for information on pending or threatened legal action.

We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.

Audits Not Just for Public Entities

All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These can include local governments, not-for-profit agencies and other organizations receiving government grants.

Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank's assessment of the company's risk. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams.

Review - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all the required notes and disclosures.

Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

Compilation - Notice to Reader

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Banks often require compilations from an independent CPA as part of their lending covenants.

Which Report Should You Use?

Each type of financial statement report may suit specific circumstances, depending on requirements from your client's bank or other parties, as well as meet budgetary needs.

Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call 306-653-7800 if you have questions about which type of report is right for you or contact us by email for a Free Consultation.

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