Chartered Accountants

The scope of work, from time to time, includes, but is not limited to the examination and analysis of accounting records to determine financial status of establishment and the preparation of financial reports concerning operating procedures. In addition to the foregoing, the Chartered Accountants undertake problem solving: apply professional audit and accounting knowledge to identify possible errors and then review guidelines to determine whether interpretation or filing is reasonable and in compliance.

The typical duties and responsibilities of the designated chartered/public accountants from time to time include, but are not limited to: the conducting of the review of material data pertaining to client’s assets, net worth, liabilities, capital stock, surplus, income, and expenditures; analysis of financial data for deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies; examination of payroll and personnel records; examination of records and interview workers to ensure recording of transactions and compliance with respective jurisdiction laws and regulations; evaluation of financial position to determine tax and other liabilities, through the utilization of knowledge of interest and discount, annuities, valuation of stocks and bonds, and amortization valuation of extinguishable assets; examination of records, tax returns, and all related documents pertaining to settlement of decedent's estate, where applicable; auditing of records to determine unemployment insurance premiums, liabilities, and compliance with the relevant laws; analysis of annual reports, financial statements, and other records, using accepted accounting and statistical procedures to determine financial condition; inspection of cash-on-hand, notes, accounts receivable and payable, negotiable securities, and cancelled cheques; verification of all forms of journal and ledger entries; inspection of books of account and systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions; reviewing of client taxation accounts, and conducting of audits on-site, by correspondence, or by summoning the taxpayer to office; filing of reports to the board of directors and senior management about asset utilization and audit results, and recommendation on changes in operations and financial activities; conferring with HD Faculty's officials about financial and regulatory matters in respect to the respective client; supervision of auditing of clients’ establishments, and determining scope of investigation required; and, where deemed fit and proper providing direction pertaining to activities of designated personnel engaged in filing, recording, compiling and transmitting financial records.