External Audit Services
Independent Assurance for Trusted Financial Reporting
Bestax’s External Audit Services combine advanced technology, industry expertise, and strict adherence to Canadian GAAS and international auditing standards to provide reliable, independent assurance.
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External Audit Services in Canada
At Bestax, we provide comprehensive external audit services designed to give businesses in Canada a clear and accurate picture of their financial health.
Our audits go beyond checking the numbers; we identify risks, ensure compliance with Canadian accounting standards, and help you make informed decisions for growth.
With an external audit from Bestax, you gain trusted insights that reassure investors, stakeholders, and regulatory bodies. Our team of experienced auditors follows strict Canadian laws and auditing standards, ensuring your business remains transparent, accountable, and prepared for the future.
Whether you are a small business or a large corporation, our expert external audit services will meet your unique needs, offering clarity, accuracy, and peace of mind.
Our Strength in Numbers
10+
Experience
35+
Professionals
1000+
Clients
100%
Satisfaction
Why Your Business Needs External Audit Services
01
Build Public and Stakeholder Trust
Investors, lenders, and management gain confidence knowing your financial statements are accurate and reliable, strengthening your company’s reputation in the Canadian market.
02
Ensure Compliance with Canadian Standards
An external audit ensures your financial statements meet these requirements and comply with shareholder, lender, or regulatory obligations, helping you avoid fines or legal issues.
03
Identify and Mitigate Risks
A thorough audit evaluates your internal controls, uncovering weaknesses and potential areas for fraud or error.
04
Support Smarter Business Decisions
Audit insights give management a clear view of financial risks, performance trends, and operational efficiencies.
05
Enhance Access to Capital
External audits signal reliability and transparency, improving your chances of securing financing, attracting investors, or completing mergers and acquisitions.
06
Gain Regulatory Peace of Mind
External audits demonstrate compliance with Canadian tax and corporate laws, helping your business avoid penalties and maintain smooth relationships with regulators.
Contact Bestax for External Audit Services
Gain independent assurance and strengthen your financial credibility.
Why Choose Bestax for External Audit Services
Proven Expertise and Independence
At Bestax, our auditors follow strict ethical standards and maintain complete independence, ensuring unbiased, objective audit opinions.
Technology-Enhanced Audits
By using technology-driven techniques, we uncover actionable insights, detect anomalies, and improve the accuracy of your financial reporting.
Comprehensive Knowledge of Accounting Frameworks
We ensure your financial statements comply with the relevant standards, no matter the complexity.
Risk-Focused, Tailored Approach
We design audits around your unique risks, concentrating on the areas that matter most while minimizing disruption to your operations.
Integrated Assurance Services
Beyond financial audits, Bestax can coordinate non-financial assurance, ESG reporting, and internal control assessments, giving you a complete, holistic view of your organization’s performance and compliance.
How Bestax Supports Your Business
with External Audit Services
Our auditors provide an independent opinion on whether your financial statements are prepared in accordance with ASPE, IFRS, PSAS, or US GAAP. This service offers objective assurance to shareholders, lenders, and regulators, supporting compliance, financial filings, and overall transparency. With Bestax, you can confidently demonstrate the integrity of your financial reporting.
We conduct focused audits to meet specific regulatory requirements, including pension plan audits, not-for-profit audits, and special purpose reports. These audits help your business meet legal and contractual obligations, reduce the risk of penalties, and strengthen trust with stakeholders.
Bestax evaluates the design and effectiveness of internal controls and disclosure processes over financial reporting. By identifying weaknesses and recommending improvements, our ICFR assurance strengthens governance and helps your organization comply with regulations such as NI 52-109 and Section 404.
We offer audits that focus on specific accounts, processes, or transactions, such as grant compliance or due diligence reviews. These services provide targeted assurance to key stakeholders without the need for a full financial statement audit, saving time while delivering reliable results.
Bestax uses advanced data analytics, automation, and continuous monitoring to enhance audit coverage and efficiency. This approach delivers actionable insights, detects issues early, and improves overall audit quality, empowering management to make informed decisions and reduce risk.
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Our Success Stories
Kim Angelo
I used Bestax for corporate taxes and honestly the process was so much easier than I expected. They explained everything in simple language, no jargon, and the filing was done on time. I felt confident leaving it in their hands.
Margie Wilson
I recently started my own tattoo parlor, and these guys helped me out from day one. They walked me through setting up my business and gave me sound advice on handling my accounting. What I like most is that they don’t try to oversell you things you don’t need. You can tell they’re more interested
Lisa Wilson
These folks know their accounting. I run a small IT consultancy and they helped streamline my invoices, CRA reports, and year-end tax filings. No more spreadsheets and late nights for me.
Thomas Dawkins
Incorporating my second business felt easy thanks to their help. The whole process was smooth, and they even gave some good tips for naming conventions and tax planning.
Lisa Richards
I can’t say enough good things about them. They made setting up my business a breeze and took care of everything from the HST registration to setting up my corporate tax filings
Frequently Asked Questions
What is an external audit?
It’s an independent examination of your financial statements and related records to determine whether they are presented fairly and comply with applicable accounting frameworks.
Who needs an external audit?
Audits may be legally required for public companies, larger private companies, charities or organizations receiving government funding. Many private businesses also choose audits to increase credibility with lenders and investors.
How often should we have an audit?
Typically annually, aligned with your fiscal year‑end. However, you may request audits for specific periods or transactions.
What is the difference between an audit and a review?
A review provides limited assurance and mainly uses analytical procedures, while an audit provides reasonable assurance based on detailed testing and evidence.
How long does an audit take?
Depending on company size and complexity, an audit can take several weeks. Proper preparation (organized records and accessible data) can accelerate the process.
What are the auditor’s responsibilities?
The auditor plans and performs procedures to obtain reasonable assurance that the financial statements are free of material misstatement, communicates findings and issues an opinion.
Can an audit detect fraud?
An audit provides assurance, but it is not designed to guarantee detection of all fraud. Nevertheless, strong internal controls and data analytics increase the likelihood of detecting significant issues.
How should we prepare for an audit?
Ensure all financial records and supporting documentation are organized, internal controls are documented, and personnel are available to answer questions.
Do auditors also prepare financial statements?
To maintain independence, auditors provide guidance on accounting standards but cannot prepare or materially adjust financial statements they audit.
What happens after the audit?
You receive an audit report with the auditor’s opinion and any recommendations. Management and governance committees should review and address identified issues to strengthen controls.