Audit support
Audit-ready books
Audit-ready books from Finbryn means every account reconciled, every schedule tied to the trial balance, and a file organized in ASPE or IFRS terms before a Canadian auditor or bank reviewer arrives. We prepare it; a CPA licensed in your province performs the audit and signs the report.
Auditor request list
Illustrative client · August 2026
CAD
- Trial balance and general ledger exportDone
- Bank confirmations and statementsDone
- Receivables and payables listingsDone
- Fixed asset register with additionsIn progress
- Accruals and prepayments supportNext
Illustrative. An example of the document, not a client's figures.
The gaps a Canadian reviewer finds first
A capital asset bought two years ago and never depreciated correctly. A shareholder loan account nobody reconciled since the last T2 was filed. A GST/HST input tax credit claimed without the invoice behind it. These are the items that turn a routine engagement into a long one, and we resolve them before fieldwork starts.
Every bank, credit card and intercompany account gets reconciled to its statement or source document. Capital assets, deferred revenue and shareholder balances each get their own schedule, tied directly to the trial balance rather than rebuilt from memory the week the reviewer calls.
ASPE, IFRS and the CRA-facing file
Most privately held Canadian corporations report under Accounting Standards for Private Enterprises (ASPE); some, especially those with foreign investors or planning a future listing, use IFRS. We build the trial balance to match whichever standard your engagement uses, and keep it reconcilable to the figures on your T2 return so a reviewer is not working from two different sets of numbers.
Built for the request list you actually get
We organize supporting documents into the categories a typical Canadian request list uses: cash, receivables, capital assets, payables, related-party balances, revenue. When the list arrives, whether from a bank, a licensed CPA, or CRA, most of what it asks for is already filed correctly rather than scattered across email threads.
What this does not include
We do not perform the audit, form an opinion, or sign a review or compilation report. That work sits with a CPA licensed in your province. Our PBC list management and working paper preparation pick up once your accountant's request list arrives.
Repeat engagements get faster
A first audit or bank review almost always runs longer, simply because the request list is new to everyone. We keep notes on what your specific CPA or bank asked for last cycle, so the next one starts from a shorter open-items list rather than the same questions repeated from scratch.
Questions
Frequently asked questions: Audit-ready books
Do you reconcile to ASPE or IFRS, or does it depend on our accountant?
We build to whichever standard your engagement uses. Most private Canadian companies use ASPE; we match that or IFRS depending on what your CPA expects.
Will the books tie to what we filed on our T2?
Yes. We reconcile the working trial balance back to the figures reported on your most recent T2 so there is no gap between the return and the audit file.
What if this is our first time being audited or reviewed?
We walk through what a typical Canadian request list asks for and build the schedules ahead of it, so a first engagement does not turn into a scramble for missing records.
What exactly is included in audit-ready books?
Reconciliations for every bank, card and balance sheet account, tied to source statements, and supporting schedules for accruals, prepaids, fixed assets and intercompany balances. This work runs inside QuickBooks Online or Xero, whichever your business already has in place, and it rolls into your regular monthly close rather than sitting off to the side as a separate, unreconciled process.
What happens to our audit-ready books records if we switch providers?
Everything stays inside your own QuickBooks Online or Xero account, so the full history transfers with the subscription, not with Finbryn. You can hand audit-ready books to another provider or bring it in-house at any point without losing a reconciliation or having to rebuild the file first.
Does this include the audit itself?
No. We prepare the books and schedules; the audit and any opinion on them come from an independent audit firm you engage and credential separately.
How early should we start preparing?
Most businesses see the biggest benefit starting two to three months before fieldwork, so open items get resolved before the auditor is on the clock.
What is included in audit-ready books?
Audit-ready books covers reconciliations for every bank, card and balance sheet account, tied to source statements and supporting schedules for accruals, prepaids, fixed assets and intercompany balances. The exact scope is agreed and set out in writing before work starts, so you know precisely what is and is not covered before the first deliverable arrives.
How is audit-ready books priced?
Pricing for audit-ready books depends on your transaction volume, the software you use, and how much cleanup is needed before ongoing work starts. Current ranges are published on the pricing page, and your exact fee is confirmed in writing before anything begins.
Related services
- Audit supportPBC list managementThe auditor's provided-by-client request list tracked item by item, with documents gathered, organized and delivered on schedule instead of chased down in the final week.
- Audit supportWorking paper preparationSupporting schedules and reconciliations built the way an auditor expects to see them, cross-referenced to the trial balance, so review comments come back with fewer open questions.
Industries
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.