Government

Yes. Welch LLP has extensive experience helping government organizations comply with Public Sector Accounting Standards (PSAS) and other public sector reporting requirements. Our advisors assist with financial statement preparation, accounting policy implementation, audit readiness, technical accounting guidance, and ongoing compliance with evolving standards. 

Whether your organization is preparing annual financial statements, implementing new accounting standards, or strengthening its financial reporting processes, our team can provide practical guidance tailored to your organization’s needs.

A government recipient audit is an independent review that determines whether funding received through grants, contributions, or other government programs has been used in accordance with the terms of the funding agreement. These audits help funding organizations verify that public funds have been managed appropriately and that recipients have met all reporting and compliance requirements. 

Welch LLP performs recipient audits for a variety of government-funded organizations in Canada, providing objective assessments and practical recommendations to support ongoing compliance.

A value-for-money audit evaluates whether government programs, projects, or publicly funded initiatives are operating efficiently, effectively, and economically while achieving their intended objectives. Unlike a financial statement audit, a value-for-money audit focuses on operational performance, governance, resource management, and program outcomes. 

These audits help government organizations in Canada identify opportunities to improve performance, strengthen accountability, and enhance the use of public resources.