Enhance Your Financial Reporting
Municipal Audit
Municipal audits ensure accountability and transparency in how municipalities use public funds.
While councils are ultimately responsible to the public (ensuring public funds are properly spent), municipal government councils can’t do this job without the help of auditors who have an adequate understanding of the internal controls of municipalities (policies and procedures).
Murray, Sen & Associates is licensed by CPA Saskatchewan to practice and perform municipal audits in Saskatchewan. Explore our qualifications. Contact us online for municipal audit queries. You can also call: 306-653-7800 or visit us in person (Google Maps).
Why Are Municipal Audits Important?
There are two main reasons why municipalities are required to conduct independent audits:
1. Financial Accountability
Municipal audits examine a municipality’s financials, ensuring they are accurate and compliant with Canadian Public Sector accounting standards. Independent auditors like us assess if public funds are being allocated and used properly according to applicable laws and regulations
2. Independent Oversight
Municipal audits are performed by independent external auditors like Murray, Sen & Associates (who aren’t municipal employees). This independence is critical for offering an objective assessment of a municipality’s financial management.
Unlike internal audits, third-party audits/external audits give assurance to the public and municipal council that municipal financial matters are being dealt with responsibly.
Our Services: Public Sector Audits
Murray, Sen & Associates is a full-service accounting firm in Saskatoon that offers a wide range of specialized services, including those tailored to the unique needs of municipal governments. Our main services include:
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Financial Statements Audits
This is the main municipal audit service offered. A financial statement audit is an independent examination of a municipality’s finances to ensure they represent a fair and accurate picture in accordance with applicable financial management practices/standards i.e., the Canadian Public Sector Accounting Standards.
Our financial statement audits offer the required assurances to a municipality’s council, as well as taxpayers and other stakeholders, that all financial information provided is accurate and reliable.
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Internal Control Audit
Municipalities also have internal controls that tend to have or develop weaknesses over time. We can conduct internal control reviews to assess such weaknesses and recommend new controls or improvements that safeguard assets and prevent issues like fraud.
Contact Murray, Sen & Associates for Your Municipal Audit Needs
Ensure your municipality’s financial transparency and compliance with expert financial statement audits and internal control reviews. Murray, Sen & Associates offers professional, independent audit services tailored to meet the unique needs of municipal governments in Saskatchewan.
Get in touch today to schedule a consultation. Call us at 306-653-7800 or contact us online to learn more about our municipal audit services.