Auditing

Our Auditing and Investigation services includes:

External Auditing

Internal Auditing

Investigating Financial matters

Due diligence

Project Audit

Operational Controls Assessment

The audit approach by our firm is an adaptable one. Firstly, we seek to know and understand the business of our client and the specific industry in which they operate. The macro-economic indicators together with industry-specific trends enable us to establish the parameters for the particular industry for the assignment period.

Secondly, we also identify the key personnel, key processing Business Units, the inherent business risks, and specific business functions where accounting and other internal controls should operate.

We then evaluate the relevant controls for effectiveness. It also highlights missing and ineffective controls for corrective actions and generally ensures that whiles covering other important areas, significant efforts are concentrated on areas where greatest risks exist.

The audit approach involves five phases and enables us to report on the entities / organisations financial statements. We also provide practical and constructive reports to management to help improve the performance of the organisation.

The five phases involved in the audit are:

1. Strategy and Planning:

   
   We set the direction of the audit by understanding of the company / organisation’s business, an evaluation of risks (inherent and control) and define the most efficient way of obtaining relevant and effective audit evidence. This would involve the review of all material matters with continuing relevance to the assignment including agreements, contracts, budgets, financial reports, procedures and corporate policies.
   
   The review would result in designing strategy documents and work plans which would highlight reporting dates and appropriate audit tests that would enable us adequately report on matters required under statute and requested from the assignment.
   
   We would arrange an entrance interview with management to discuss and review operating activities over the related period and to confirm areas requiring special attention.
   
   We would, at this stage, consider how the business is run and controlled, access the risks involved and document in sufficient detail our understanding of the organisation’s control environment, internal control structure and accounting system with the view of assessing the reliability of the information generated.
   
   We would also review the status of management actions taken on findings and recommendations reported upon in previous audits, and follow up on known findings that could have an effect on current objectives.
   
   We would further ensure that our engagement teams are made fully aware of all matters of relevance to ensure that such matters are highlighted and brought to the attention of superiors and management in a timely manner.

2. Obtaining Audit Evidence

3. Review and Interpretation

4. Reporting and Presentation

5. Debriefing