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Audit and Assurance

The Objective of an external audit engagement is to form an independent professional opinion on the financial statements of a reporting entity, that the financial statements are prepared in all material respects, in accordance with the applicable financial reporting standards and laws.

 

External Audit can be Statutory and Non- statutory

While Statutory audits are required by national laws/ statutes for various types of undertakings, business or non-business entities, non-statutory audits are performed by external auditors at the request of owners, shareholders, trustees, financers(donors), government bodiesand other interested parties.

Statutory and Compliance Audit

Statutory and Compliance Audit

The elements of this Statutory Compliance Audit carry a mandatory requirement in that Duty Holders have a legal obligation to ensure that their premises are compliant. This audit identifies the extent to which the facilities comply with these statutory regulations.

Financial Statement

Financial Statement

The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.

Review of Accounting System and Internal Control

Review of Accounting System and Internal Control

During the review of accounting systems and internal controls we apply procedures during which our clients may ascertain that:

  • their financial controls are effective;
  • their financial statements are reliable and compliant with effective laws;
  • their financial statements comply with the company's internal policies and procedures;
  • the company's assets are adequately protected against fraud.

Our work facilitates the implementation of internal controls that help achieve the aforementioned objectives while ensuring the more effective preparation of financial statements.

IFRS Training and Conversion

IFRS Training and Conversion

In simple terms, converting to IFRS means migrating from the existing accounting rulebook and adopting a new set of standards. But this underestimates the extent of the change. The reality is, the new reporting environment will require companies to adopt a new basis of performance measurement across the entire organisation. Therefore, not only will IFRS have a major impact on business processes, including management reporting and on a company's underlying systems, but it may also fundamentally alter the way shareholders and market analysts view a company.
Computer  System Assurance

Computer System Assurance

The aim of system assurance is to verify that a system enforces a desired set of security goals. For example, we would like to know that a new operating system that we are developing can protect the secrecy of one group of users’ data from another group.
Risk and Governance

Risk and Governance

Risks accompany change, and are often accompanied by potential benefits and opportunities. 

Governance refers to the actions, processes, traditions and institutions by which authority is exercised and decisions are taken and implemented. Risk governance applies the principles of good governance to the identification, assessment, management and communication of risks