Services
Auditing Services
External Audit
An external audit is an examination that is conducted by an independent accountant. This type of audit is most commonly intended to result in a certification of the financial statements of an entity. This certification is required by certain investors and lenders, and for all publicly-held businesses.
What would we check:
- The accuracy and completeness of the client’s accounting records.
- Whether the client’s accounting records have been prepared in accordance with the applicable accounting framework.
- Whether the client’s financial statements present fairly its results and financial position.
Internal Audit
Internal auditing is the independent and objective evaluation of an organisation’s internal controls to effectively manage risk within its risk appetite.
What would we do:
- Determining internal audit scope and developing annual plans.
- Monitoring any identified weaknesses are addressed.
- Performing the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
- Obtaining, analyzing and evaluating accounting documentation, reports, data, flowcharts etc.
Forensic Audit
TYPES OF INVESTIGATION
Corruption
There are three types of corruption fraud: conflicts of interest, bribery, and extortion. Research shows that corruption is involved in around one third of all frauds.
Asset misappropriation
there are many different like: Cash theft Fraudulent disbursements Inventory frauds Misuse of
Financial statement fraud
This is also known as fraudulent financial reporting, and is a type of fraud that causes a material misstatement in the financial statements. It can include deliberate falsification of accounting records; omission of transactions, balances or disclosures from the financial statements; or the misapplication of financial reporting standards.