Risk Assurance Services (Auditing)
Risk Assurance Services (Auditing)
Our Audit services help clients in fulfilling the statutory requirements as to the independent examination of the Company’s accounts and records to ascertain whether it express a true and fair view of the Company’s financial position.
The audited account satisfies a lot of needs of various parties which include the Government for tax purposes; the general public to guide in investment decisions; the financial institutions to guide them in offering financial assistance; the shareholders to ascertain the performance of the Company etc.
We also offer Value for Money Audit (vfm) which is a new concept in audit. It goes beyond the statutory audit as it tries to examine vital areas, which are not in the confine of the statutory audit. It covers other areas such as staff, resources (financial and otherwise) etc., The beauty of the VFM audit is that it emphasizes efficiency, effectiveness and economy. This is specially recommended in a service environment.
Systems approach to Audit
An audit may be 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 affairs of the business at the date of accounts.
The discovery of fraud though important is not the focus of our audit but is incidental to such main duties.
In undertaking statutory audits, we use the opportunity afforded us to identify the entity’s operational weakness and proffer recommendations that would lead to better and improved return on investment (ROI). This dynamic approach to audits is one of our cardinal principles.
In addition to the above dynamic approach, the firm ensures compliance with the statutory requirements and auditing standards which emphasizes a review of the client’s system of internal control.
The essential elements are outlined below:
- Profit and loss and balance sheet checking.
- Analytical review of financial statements.
- Documenting the client internal control system
- Evaluation of the documented system
- Review of internal control systems for adequacy.
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We believe all businesses small and large should have access to world-class accounting, bookkeeping, payroll and consulting services. We are dedicated to serving you.
