vALUE ADDED SERVICES FOR CURRENT CLIENTS

iMPLEMENTING NEW PUBLIC SECTOR ACCOUNTING STANDARDS

Implementing public sector accounting standards are consistently updated, which may affect the municipality’s future financial reporting either through a journal entry or not disclosure.

Our firm has provided industry-specific seminars for our clients. These seminars have focused on new accounting and assurance pronouncements, Goods and Services Tax issues, and other topics of interest identified by our clients. We have found these sessions to be a useful learning tool not only for our clients, but for our audit staff as well.

We are always available to our clients and we encourage our clients to contact us when they have questions during the course of the year.

Courses or training

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We host information sessions for our various industry groups to discuss matters of interest (ex. accounting standards changes, GST changes, Council round-tables, etc.). These sessions also serve to bring our clients together as an opportunity to build networks that facilitate ongoing communication.

We are always available to provide seminars for specific clients, allowing us to respond to their unique issues. Fees for these seminars are established in advance. Typically, upon request from a client, we would establish an estimate of the fee for preparation and delivery of the seminar. Our fee would be based on our normal hourly rates, extended by the estimated time requirement.

Technical Literature

We issue periodic technical literature in the form of letter to our individual clients within our industry groups when matters of significance become known. Generally, the information relates to accounting standards, income tax issues or GST issues. We issue this technical literature as an added service to our clients.

Board and Management Financial Education Sessions

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We provide an introductory session to educate new Municipality members on how to interpret financial statements for the purpose of making informed financial decisions, and how to understand the components of a financial statement audit. We also provide other and management financial literacy topics which include:

  • Board members liabilities and responsibilities;

  • Bench-marking and performance reviews;

  • Budgeting (processing, reviewing and interpretation);

  • Long term capital and operating planning; and

  • Internal control and processes review – efficiency optimization

Audit of Grant funding applications

The provincial government may request the audit of revenues and expenditures for certain grant applications. Metrix is equipped to perform these audits and prepare and submit the necessary reports to the granting authorities.

Management Consulting

Metrix’s dedicated consulting practice offers our clients a wide variety of services from a network of designated and qualified professionals ranging from business process and operational reviews, internal audit, project and change leadership and strategic planning services.

Examples of past and current consulting engagements include:

  • Developer Levies: This project includes working with a municipality to help with their developer levy model by auditing current (existing financial information) and reviewing future expected data (forecasted information). In addition, we are working with the municipality to revise the revenue recognition policy such that developer levies received are recognized appropriately in accordance with Canadian public sector accounting standards and with the Municipal Government Act.

  • Reserve Policy: This engagement involves working a municipality to review and update their reserve policy.

  • Internal control documentation: This engagement involved worked with a municipality to document and assess all financial controls and processes. In order to provide feedback on areas for improvement.

See our Services Directory for a complete list of our comprehensive services