Terms and Conditions

1. Acceptance of Terms

By accessing and using the Finova Insight website and services, you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service or access our website.

2. Service Description

Finova Insight provides professional financial audit services including but not limited to:

• Financial statement audits
• Internal control assessments
• Compliance audits
• Risk assessment services
• Financial consulting and advisory services

3. Professional Standards

3.1 Compliance

All audit services are performed in accordance with Canadian Generally Accepted Auditing Standards (GAAS) and applicable professional standards. We maintain compliance with all relevant regulatory requirements and professional codes of conduct.

3.2 Independence

We maintain strict independence standards in accordance with professional requirements. We will disclose any potential conflicts of interest and ensure appropriate measures are taken to maintain objectivity.

4. Client Responsibilities

As a client of Finova Insight, you agree to:

• Provide accurate, complete, and timely information
• Grant reasonable access to records, personnel, and systems
• Cooperate fully with audit procedures and requests
• Pay fees according to agreed terms
• Maintain confidentiality of sensitive audit information
• Implement agreed-upon recommendations in a timely manner

5. Our Responsibilities

Finova Insight commits to:

• Perform services with professional competence and due care
• Maintain confidentiality of client information
• Provide services in accordance with professional standards
• Communicate findings clearly and timely
• Maintain appropriate professional liability insurance
• Address client concerns promptly and professionally

6. Confidentiality

6.1 Client Information

We maintain strict confidentiality regarding all client information obtained during the course of our engagement. Information will not be disclosed to third parties without client consent, except as required by law or professional standards.

6.2 Working Papers

Audit working papers and documentation remain the property of Finova Insight. We maintain these records in accordance with professional requirements and may be required to retain them for specified periods.

7. Limitation of Liability

7.1 Professional Liability

Our liability for any claim arising from our professional services is limited to the amount of fees paid for the specific engagement giving rise to the claim, or the amount of our professional liability insurance coverage, whichever is greater.

7.2 Consequential Damages

We shall not be liable for any indirect, special, consequential, or punitive damages, including lost profits, even if we have been advised of the possibility of such damages.

8. Payment Terms

8.1 Fees

Fees for our services are based on the complexity of the engagement, time required, and professional expertise involved. Fee estimates will be provided before commencement of services.

8.2 Payment Schedule

Unless otherwise agreed, fees are due within 30 days of invoice date. We reserve the right to suspend services for accounts past due beyond agreed terms.

9. Intellectual Property

All methodologies, processes, and proprietary tools used in our audit services remain the intellectual property of Finova Insight. Clients receive a license to use audit reports for legitimate business purposes but may not reproduce our methodologies without permission.

10. Termination

10.1 By Client

Clients may terminate engagements with reasonable notice. Fees for services performed to the date of termination will remain due and payable.

10.2 By Finova Insight

We may terminate engagements in cases of non-payment, failure to provide required cooperation, conflicts of interest, or other circumstances that compromise our ability to perform quality services.

11. Dispute Resolution

Any disputes arising from our services shall be resolved through binding arbitration in accordance with the rules of the Canadian Arbitration Association. The arbitration shall take place in Toronto, Ontario, and be governed by Ontario law.

12. Force Majeure

Neither party shall be liable for delays or failures in performance resulting from circumstances beyond their reasonable control, including natural disasters, government actions, pandemics, or other unforeseeable events.

13. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of Ontario, Canada. Any legal proceedings shall be subject to the exclusive jurisdiction of Ontario courts.

14. Severability

If any provision of these terms is found to be unenforceable, the remaining provisions shall continue in full force and effect. The unenforceable provision shall be replaced with an enforceable provision that most closely reflects the original intent.

15. Modifications

These Terms and Conditions may be updated from time to time. Continued use of our services after modifications constitutes acceptance of the updated terms. We will notify clients of material changes through our website or direct communication.

16. Entire Agreement

These Terms and Conditions, together with any signed engagement letters, constitute the entire agreement between the parties and supersede all prior negotiations, representations, or agreements relating to the subject matter.

← Return to Home