Audit And Accounting

We have since transcended the rather menial book-keeping nature of audit assignments. We have also discovered that by working smarter, we were able to maintain and even improve the quality of our audit while enhancing profits by cutting back on the hours we invest in audit engagements. We have developed an in-house audit template for smatter and efficiency handling of all our audit engagement.

STATUTORY AUDIT

Obviously our mainstay is STATUTORY AUDIT

Statutory audit may be said to be such an examination of the books of account as will enable the auditor to satisfy himself that the financial statements have been properly drawn up, so as to give a true and fair view of the state of the affairs of the business at the date of the accounts. In the minds of the public at large, the discovery of fraud is the principal function of the auditor, thereby overshadowing his main duties entirely.

Although of great importance, the detection of fraud and errors must be regarded as incidental to such main duties.

We approach an audit engagement in compliance with the International Financial Reporting Standard (IFRS) guidelines in our Audited accounts, issued from time to time as deem fit by the International Accounting Standard Board.

We work much more efficiently when clients supply us with all the data we need. If we have to spend time doing catch-up bookkeeping work or locating and copying needed files, the length of the audit probably will increase and the firm is much less likely to realize 100% of the value of its fees.

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