From inception in 1953, Chapman Matten Welton Winter LLP has demonstrated a commitment to responsive service and creative problem solving. We work closely with client management on financial statement presentation and reporting, and on the appropriate accounting treatment for transactions. We provide recommendations on balance sheet structuring, internal control, and constructive management letter comments. We function as a sounding board, expert and business advisor on accounting issues and strategies, staffing and internal control issues.
Our team approaches our client’s financial statements with a solid knowledge of our client’s business practices, operations, and industrial sector.
We have an in-depth understanding of evolving accounting practices and changes in the regulatory environment. We provide an integrated plan that allows identification of new and emerging risks, and assesses the effectiveness of your internal controls.
Our audit assurance planning assesses the risk of material misstatement, based on factors inherent in the organization, knowledge that we may have of the operations and the concerns of management.
We obtain a general understanding of the control environment for each material transaction type, including main transaction streams and the significant accounting procedures and policies, and management’s attention to control issues.
Analytical review procedures are used, consisting of analysis and comparison of figures, trends and ratios that are related to particular account balances and specific risks.
Management defined accounting policies are assessed for appropriateness. Substantive tests of account balances are used to confirm that transactions are accounted for in accordance with these accounting policies, material assumptions used to determine significant estimates are both data-supported and reasonable.
We make an evaluation of the overall presentation of the financial statements that they are fairly presented in accordance with Canadian accounting standards for private enterprises.
Our review assurance plan primarily consists of enquiry, analytical procedures and discussion related to information supplied to us by management.
Our audit or review level assurance report to the shareholders is provided in accordance with Canadian Auditing or Review Engagement Standards.
Timely advice with respect to strategic tax-planning, to ensure that our clients take maximum advantage of federal or provincial tax planning, deferral strategies, financing structures, employee compensation, shareholder remuneration, or a range of other complex tax issues;
Representing clients in tax assessments, negotiations, appeals, and related matters;
Consultations with legal, insurance and other professionals;
Suggestions for improvement to internal control systems;
Cash flow, budgeting and business plan preparation;
Assistance with Mergers and Acquisitions;
Assistance with filings under various government programs;
Chapman Matten Welton Winter LLP assists clients in developing effective estate and trust plans. We integrate income tax planning with estate, tax and family law planning, keeping in mind that there are aspects of estate planning that are not tax driven.
We assist our clients in assessing their current financial situation and plan for the distribution of their assets upon their death. This planning process may involve the use of life insurance, various trust structures, or the restructuring of asset ownership.
Estate plans are reviewed on a regular basis to meet the changing needs of the client and changes to existing and/or pending legislation.