Independent Audit
Assessment of financial statement reliability under applicable legislation and reporting standards, providing reasonable assurance to stakeholders.
Scope
Service Scope
Financial statement audit
The company's financial statements are examined in accordance with applicable accounting and financial reporting standards, legislation and auditing standards.
Statutory independent audit
Audit procedures required by legislation are planned, performed and reported for companies subject to statutory audit.
Internal control environment assessment
Internal controls affecting financial reporting are analyzed to identify risks and control deficiencies.
Risk-based audit approach
Areas at risk of material misstatement are prioritized based on the company's operations, industry dynamics and financial size.
Audit findings and improvement recommendations
Findings identified during the audit are shared with management, together with recommendations to improve financial reporting quality.
Deliverables
Deliverables and References
Independent auditor's report
A report containing the independent audit opinion on the financial statements' compliance with applicable standards is provided.
Audit plan
Work plan covering audit scope, timing, priority risk areas and planned audit procedures.
Risk assessment summary
Assessment of areas exposed to risks of material misstatement in financial reporting processes.
Management letter
Findings and improvement recommendations concerning internal controls, processes and reporting are shared with management.
Financial statement compliance assessment
Compliance of financial statements with applicable accounting and financial reporting standards is assessed as part of the audit.
Our Process
How We Work
Planning and risk assessment
An audit plan is prepared based on analyses of the company's operations, financial structure, industry characteristics and reporting processes.
Internal control and process review
Key processes, control points and risk areas affecting financial reporting are assessed.
Audit testing and evidence gathering
Confirmations, analytical procedures, document reviews and substantive tests are performed on financial statement items.
Reporting and completion
Audit findings are assessed and an independent auditor's report is prepared on the appropriateness of the financial statements.
Industries
Advisory That Understands Your Industry
Our specialists understand the tax, audit and operational needs of each industry.
Related Specialists
Specialists Working with This Service
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