Auditing

YOUR ONE-STOP FINANCIAL & TAX SOLUTION PROVIDER

We put our clients first every time, delivering quality and timely audit and accounts services to business owners with a personal, hands-on approach. Our auditors review your financial operations, make suggestions about improvements and best practice, and help you to identify and control business risks.

We perform auditing and financial analysis with a minimum of fuss and maximum efficiency and accuracy. We proactively deal with issues that are fundamentally important to the prosperity and growth of your organisation. The efficiency and effectiveness of Our Auditors is based upon a Practical, Flexible and Pragmatic approach to working with our clients. We will ensure that we advise you of developments in Accounting and Auditing standards at the earliest opportunity in order that their impact on tour business can be assessed.

Arears of Audits covered

Internal Audits

External Audit

Internal Audits

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve organization's operations. One of the main objectives of an internal audit is to keep stringent control over all the activities of an organization. The scope of internal auditing within an organization is broad and may involve topics such as the efficacy of operations, the reliability of financial reporting, deterring and investigating fraud, safeguarding assets, and compliance with laws and regulations.

Importance of Internal Audits

  1. Management can be more efficient about what to explore
  2. Internal audits may save companies money
  3. The company enhances its control environment
  4. Internal audits may make companies more efficient
  5. Internal audit reports give management a head start to make corrections

    Our Internal Audit Process

    The internal audit process entails,

  1. Planning the audit

  2. Performing the audit procedures

  3. Compiling the audit report

  4. Monitoring post-audit changes.

Management may choose to expand the scope of an audit at any point of the audit if findings during the audit cause the scope to shift a different direction.

External Audit

External Audit is the audit of the financial records of the company in which independent auditors perform the task of examining the validity of financial records of the company carefully in order to find out if there is any misstatement in the records due to fraud, error or embezzlement and then reporting the same to the stakeholders of the company. The objective of an external audit report includes the determination of the completeness and accuracy of the accounting records of the client, ensuring that the records of the clients are prepared as per the accounting framework which applies to them, and ensuring that the financial statements of the client present the true and fair results and the financial position.

External audits are independent assessments of a company's financial information and records, while internal audits review a company's operations and processes.

    Our External Audit Approach

  1. Audit Planning

  2. Opening meeting

  3. Audit Queries and Field work

  4. Report Drafting

  5. Managemet Response

  6. Closing Meeting

  7. Final Audit report distribution

  8. Follow up on implementation of Audit Recommendations

Associated Partner

ISJ Associates

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