Disclaimer

1. Nature of Services

Professional Financial Audits provides financial audit and assessment services designed to evaluate the financial health and compliance status of businesses. Our services include:

• Financial statement reviews and analysis
• Compliance assessments with Canadian financial regulations
• Risk evaluation and identification
• Professional recommendations for financial improvement

2. Professional Standards Compliance

All audit services are conducted in accordance with:

• Canadian Generally Accepted Auditing Standards (GAAS)
• Professional accounting and auditing ethics
• Applicable federal and provincial financial regulations
• Industry best practices for financial assessment

Our auditors maintain professional certifications and continue their education to stay current with evolving standards and practices.

3. Financial Health Assessment

When we refer to "financial health," we mean:

• The financial stability and performance of your business
• Compliance with financial reporting requirements
• Effectiveness of internal financial controls
• Risk factors that may impact financial performance

4. Limitation of Liability

Professional Financial Audits' liability is limited as follows:

• Our maximum liability shall not exceed the total fees paid for services
• We are not liable for business decisions made based on audit findings
• We do not guarantee specific financial outcomes or improvements
• Audit reports reflect conditions at the time of examination only

Exclusions

We are not liable for:

• Losses resulting from management decisions
• Market fluctuations or economic changes
• Regulatory changes after audit completion
• Third-party actions or omissions

5. Third-Party Reliance

Audit reports are prepared specifically for the contracting client and their intended use. Third parties should not rely on our audit reports without:

• Separate engagement and agreement with our firm
• Understanding of the audit scope and limitations
• Acknowledgment of the report's intended purpose
• Independent verification of findings when necessary

6. Accuracy and Completeness

The accuracy of our audit findings depends on:

• Completeness and accuracy of information provided by clients
• Access to relevant records and personnel
• Cooperation from client management and staff
• Timing and scope of the audit engagement

7. Regulatory and Legal Compliance

While we assess compliance with financial regulations, clients remain responsible for:

• Staying current with changing regulations
• Implementing recommended improvements
• Seeking legal counsel for legal matters
• Consulting tax professionals for tax issues

Our compliance assessments are based on regulations in effect at the time of the audit and may not reflect subsequent regulatory changes.

8. Technology and Security

While we implement appropriate security measures, we cannot guarantee:

• Complete protection against all cyber threats
• Prevention of all unauthorized access attempts
• 100% uptime for digital services
• Compatibility with all client systems

Clients are encouraged to maintain their own cybersecurity measures and backup procedures.

9. Forward-Looking Statements

Any projections, forecasts, or forward-looking statements in our reports are based on:

• Historical data and current conditions
• Management assumptions and estimates
• Industry trends and economic factors

These statements are subject to significant uncertainty and actual results may differ materially from projections.

10. Updates and Changes

This disclaimer may be updated periodically to reflect:

• Changes in professional standards
• Regulatory requirements
• Service offerings or limitations
• Legal or operational considerations

The most current version will always be available on our website.

11. Governing Law

This disclaimer is governed by the laws of Ontario, Canada, and federal Canadian law where applicable. Any disputes relating to this disclaimer or our services shall be resolved in accordance with Ontario jurisdiction.