Services

Keep in touch

Stay current with updates from
all regulatory bodies by subscribing to our weekly newsletter

Corporate Financial and Legal Services

Solid, sound, and smart financial and legal advice

POWELLDORIAN has extensive experience in corporate financial, legal and regulatory requirements, compliance and reporting. Our professionals are also skilled in business process improvement, budgeting methodology, and policy and procedure development.

Services and advice tailored to your needs

With a wealth of experience across a variety of organizations and numerous industry sectors, we are well positioned to assist with Corporate Counsel, Corporate Secretary, CFO and Controller services. We work with our clients to ensure their incorporation, listing and ongoing financial, compliance and regulatory reporting needs are met and ensure their financial processes are designed with the end user in mind.

With the large number of regulatory and compliance requirements, budgetary constraints and ever increasing list of responsibilities placed on company management and employees, business processes and systems need to be efficient, practical and easy to implement. PowellDorian’s team can ensure that your needs are met and business process implementations and changes are smoothly transitioned and integrated into daily operations.

Accounting Conversions

There are currently 5 sets of accounting principles for Canadian organizations to be aware of:

International Financial Reporting Standards (IFRS) replaced Canadian GAAP for publicly accountable enterprises with a fiscal year beginning on or after January 1, 2011.
Accounting Standards for Private Enterprises (ASPE) replaced Canadian GAAP for private companies with fiscal years beginning on or after January 1, 2011.
Accounting Standards for Not-for-Profit Organizations will replace Canadian GAAP for fiscal years beginning on or after January 1, 2012.
Accounting Standards for Pension Plans have replaced Canadian GAAP requirements for fiscal years beginning on or after January 1, 2011.
Pre-Changeover Standards, which relate to Canadian GAAP as we know it prior to January 1, 2011.

PowellDorian can assist you through your accounting standard conversion process. Our detailed transition methodology is a four phase approach that includes:

Phase 1 – Preliminary and detailed assessment of differences between GAAP and the new Standards – including an assessment of any exemptions, exceptions, or allowances. This can include whether to transition to IFRS if the opportunity presents itself.
Phase 2 – Design and detailed conversion planning – including establishing a steering committee and project team and providing preliminary Standards training, developing a communication plan and working through required systems changes.
Phase 3 – Implementation and testing – including the finalization of new accounting policies, implementing the new Standards and implementing system changes.
Phase 4 – Post implementation review – including the review of financial statements prepared using the new Standards, and reviewing all changes in reporting and financial statement close processes.

What we can do for you

Financial Consulting and Reporting

CFO and controller services – establishing and developing financial systems, preparing budgets and forecasts, developing cash flow projections, preparing financial statements and liaising with auditors
Financial reporting – providing assistance with financial close and reporting processes
Financial process design – providing assistance with mapping existing and intended accounting processes, identifying gaps and redundancies, and selecting and overseeing the implementation of financial management and control systems
Policy & process development – developing financial & compliance policies and procedures tailored specifically to your organizational needs
Cost optimization studies – working with your management team to identify strategies to optimize the profit and loss side of your business
Due diligence – performing due diligence reviews for potential acquisitions, mergers and divestitures

Corporate Governance

Mandates and charters - developing board and committee mandates/charters, performing annual reviews and updates
Policies - drafting board, committee and corporate policies (e.g. trading, whistle blower, communication)
Training - governance training for directors and officers
Assessments - establishing and assessing governance and board practices, internal controls and processes

Corporate Secretarial and Legal

Business incorporations – coordinating documentation and applications, and ensuring compliance with the Company Act
Legal counsel – assisting with drafting and reviewing contracting agreements and performing legal reviews with related to acquisitions and divestitures
Secretarial – managing the preparing of corporate filings, maintaining minute books, drafting resolutions, coordinating insider reporting and planning and coordinating AGMs

Public Company Listings & Regulatory Compliance

Listing - ensuring compliance with TSX Venture listing requirements
Ongoing compliance - maintaining compliance with Canadian Securities Law, BC Securities Commission & TSX / TSX Venture Exchange
Filings – preparation, coordination and filing of MD&A and CEO/CFO certifications (NI 52-109)
Other services - assisting with Reverse Take Overs, Initial Public Offerings, and coordinating with U.S. legal counsel