The ideal accountant for your audit

An audit is an independent and rigorous review of your financial statements, often required by a bank, investor, lender, or the bylaws of an organization. Depending on the need, it is referred to as an audit engagement, a review engagement, or a compilation engagement: three levels of assurance that strengthen confidence in your figures and open doors, from financing to bidding on tenders.

With Bankeo, you can find the ideal accountant for your needs, free of charge: the perfect match, qualified for the level of assurance you require, not just a number. We'll present you with as many options as necessary and provide ongoing support. You never pay Bankeo; the fees are paid directly to the accountant.

Three key points to help you understand the requirements in 2026: an audit engagement provides reasonable assurance under Canadian Auditing Standards (CAS), a review engagement provides moderate assurance (ASPE 2400), and a compilation engagement provides no assurance (ASCS 4200). At the federal level, a non-profit organization that solicits funds must have its financial statements audited as soon as its annual gross revenues exceed $250,000. And for a corporation, both the T2 (federal) and CO-17 (Quebec) tax returns are filed within six months of the fiscal year-end: reliable and timely financial statements are the foundation of the entire reporting schedule.

• Audit engagement with auditor's opinion (reasonable assurance, ISA standards)
• Audit engagement (moderate assurance, NCME 2400)
• Compilation engagement with professional report (NCSC 4200)
• Evaluation of internal controls and risk mapping;
• Audit of sensitive items: revenue, inventory, accounts receivable
• Concrete recommendations to improve the reliability of your financial processes
• Financial statements that comply with the requirements of banks, investors, and lenders
• Help in choosing the right level of insurance, so you don't overpay

In Quebec, assurance engagements (audits and reviews) are reserved for authorized professionals regulated by the Quebec CPA Order. Choosing the right level—audit, review, or compilation—depends on your clients' requirements: there's no point in paying for more assurance than necessary. Timing is also important: T2 and CO-17 returns are due within six months of the fiscal year-end, and a late filing alone can result in penalties from the tax authorities. Canada , a penalty of 5% of the unpaid tax, plus 1% per full month of delay, up to 12 months.

The key is credibility: reliable financial statements open doors, whether it's securing financing, bidding on tenders, or building trust with your partners. The accountant you find through Bankeo carries out the task meticulously, delivers a report your bankers will recognize, and remains by your side throughout the process.

Not always. Depending on the requirements of your bank, investors, or company bylaws, a review engagement (moderate assurance) or a compilation may suffice, at a fraction of the cost. The accountant helps you choose the right level of assurance without overpaying.

Assurance engagements (audits and reviews) are conducted by authorized professionals regulated by the Quebec CPA Order. We connect you with an audited accountant qualified for your specific needs.

Generally, allow a few weeks to two or three months between the start of the work and the submission of the report, depending on the size of the company and the state of your records. A well-prepared file, with up-to-date reconciliations and filed documents, significantly shortens the timeframe. Also, keep in mind the tax calendar: T2 and CO-17 are due within six months of the end of the fiscal year.

The three most common mistakes are: leaving it to the last minute, paying for a higher level of insurance than your partner actually requires, and arriving with unreconciled books, with each hour of tidying up billed extra. First, clarify the exact requirements of your bank or lender, then prepare your documents: the accountant will guide you from the start.

Bankeo matching is free for you, with no hidden fees: you only pay your accountant's fees directly to them, and you can compare proposals before deciding, with no obligation. Bankeo is financed by a fee per completed transaction from its network of accountants, a fee known in advance. For pricing benchmarks, see the Bankeo Barometer .