Disclaimer

The following disclaimer applies to all services provided by AuditNova, our website, communications, and audit reports. By engaging our services or using our website, you acknowledge and agree to the terms outlined below.

1. Professional Service Limitations

Scope of Audit Services

AuditNova's financial audit services are provided within the following scope:

• Professional examination of financial statements and records
• Assessment of internal controls and compliance procedures
• Provision of audit opinions based on Canadian Auditing Standards
• Recommendations for financial and operational improvements

Service Limitations

Our audit services do not include:

• Legal advice or interpretation of laws and regulations
• Tax preparation or tax return filing services
• Investment advice or financial planning services
• Guarantee of future financial performance
• Detection of all errors, fraud, or illegal activities
• Management consulting or business strategy advice

2. Financial and Investment Disclaimers

Financial Performance

• Audit reports reflect historical financial information and do not predict future performance
• Past financial results do not guarantee future financial success
• Business valuations or projections require specialized valuation services
• Market conditions and business environments can significantly impact future results

Risk Assessment

• All business activities involve inherent risks that cannot be eliminated
• Audit procedures focus on material risks but cannot identify all potential issues
• Risk assessment is based on information available at the time of audit
• External factors may create new risks after audit completion

3. Fraud and Error Detection

Management Responsibilities

Client management is responsible for:

• Implementing and maintaining effective internal controls
• Preventing and detecting fraud within the organization
• Ensuring accuracy and completeness of financial records
• Compliance with applicable laws and regulations
• Proper oversight of financial reporting processes

Audit Procedures

Our audit procedures are designed to:

• Obtain reasonable assurance about material misstatements
• Test controls and substantive procedures as appropriate
• Assess risks of material misstatement due to fraud or error
• Evaluate the design and implementation of internal controls

4. Technology and Security Disclaimers

Website and Technology

• Website information is provided "as is" without warranties of any kind
• Technical issues may temporarily affect website availability
• Electronic communications may not be secure or confidential
• Users should verify important information through direct communication

Data Security

• We implement industry-standard security measures but cannot guarantee absolute security
• Clients should implement their own security measures for sensitive information
• Electronic transmission of documents involves inherent security risks
• Backup and disaster recovery procedures may have limitations

5. Regulatory and Compliance Disclaimers

Regulatory Changes

• Laws and regulations are subject to change without notice
• Audit procedures are based on standards current at the time of service
• Future regulatory changes may affect past audit conclusions
• Clients are responsible for ongoing compliance monitoring

Industry-Specific Requirements

• Some industries have specialized regulatory requirements
• Additional expertise may be required for highly regulated industries
• Clients should disclose all applicable regulatory requirements
• Specialized compliance testing may require additional fees

6. Liability and Damages Limitations

Limitation of Liability

AuditNova's liability is limited to:

• The total amount of fees paid for the specific engagement
• Direct damages resulting from proven professional negligence
• Coverage available under our professional liability insurance
• Damages specifically provided for in our engagement agreement

Excluded Damages

We are not liable for:

• Indirect, consequential, or punitive damages
• Loss of profits, revenue, or business opportunities
• Damages from third-party use of audit reports
• Costs associated with business decisions based on audit reports
• Damages from acts of God or circumstances beyond our control

7. Third-Party Information and Links

External References

• Our website may contain links to third-party websites for reference purposes
• We do not endorse or control third-party content or services
• Third-party information should be independently verified
• External links are provided for convenience only

Professional Networks

• References to professional associations are for credibility purposes
• Association membership does not guarantee specific outcomes
• Professional standards are subject to interpretation and change
• Continuing education requirements are maintained independently

8. Geographic and Jurisdictional Limitations

Service Areas

• Services are primarily designed for Canadian businesses and regulations
• International transactions may require additional expertise
• Cross-border tax implications are not covered unless specifically agreed
• Foreign regulatory requirements may need specialist consultation

Professional Licensing

• Our professionals are licensed to practice in Canada
• Services outside Canada may require additional licensing or partnerships
• Professional standards may vary by jurisdiction
• International auditing standards may differ from Canadian standards

9. Changes and Updates

Service Modifications

• Services and procedures may be updated to reflect current standards
• Technology platforms and tools may change without notice
• Pricing and service offerings are subject to periodic review
• Professional requirements may necessitate service changes

Disclaimer Updates

• This disclaimer may be updated to reflect legal or regulatory changes
• Material changes will be communicated to active clients
• Continued use of services constitutes acceptance of updated terms
• Historical disclaimers may remain applicable to past services

10. Professional Insurance and Indemnification

Client Indemnification

Clients agree to indemnify AuditNova against claims arising from:

• Misrepresentation or omission of material facts by client
• Client's failure to implement recommended controls or procedures
• Third-party use of audit reports without proper authorization
• Client's non-compliance with applicable laws and regulations

This disclaimer is an integral part of our service agreement and should be read in conjunction with our Terms & Conditions and Privacy Policy. By engaging AuditNova services, you acknowledge understanding and acceptance of these limitations and disclaimers.