Audit & Assurance
Our Audit & Assurance service line focuses on providing independent and objective assessments of financial statements, internal controls, and compliance with regulatory requirements. Businesses rely on these services to enhance transparency, credibility, and reliability of their financial information, which is crucial for building trust with stakeholders and investors. Our team of skilled auditors and assurance professionals possess a deep understanding of industry standards and best practices, allowing us to deliver high-quality audit services that add value to our clients’ businesses. With our reputation for excellence in auditing, our commitment to upholding the highest ethical standards, and our track record of delivering reliable and accurate audit reports, we are the preferred Firm for businesses seeking comprehensive audit and assurance services.
Our audit services focus on value addition, as opposed to simply reporting. Using our cross-industry and cross-organizational experiences, we propose to you best solutions ensuring you have the best systems, controls, and processes in place and thus minimize any potential risks. For all our audit services, we start by understanding your organization, business strategies and objectives. We work together with your teams to help you strengthen all aspects of your business. We also have a deep understanding of various reporting frameworks and will help you comply to your framework of choice.
Our Audit & Assurance specilization areas
With our in-depth knowledge of tax regulations and legal frameworks, combined with our commitment to delivering exceptional client service, we are the ideal Firm to help businesses effectively manage their tax and legal obligations.
Internal audit
Internal audits are conducted by an organization’s internal audit function to evaluate and improve the effectiveness of risk management, control, and governance processes. Internal auditors assess the organization’s internal controls, compliance with policies and procedures, and operational efficiency. The primary objective of internal audits is to provide management with insights and recommendations to enhance organizational performance, mitigate risks, and ensure compliance with regulations and best practices.
Internal audit helps you improve your internal processes and internal controls, unearth operational inefficiencies and support your financial reporting. We also help you adequately address the external audit queries and prepare for the next statutory external audits. For SMEs, internal audit helps you follow industry best financial and operational practices and minimize risks during growth.
Our solutions in this area are tailored to specific management needs. Besides the full internal audit, we also offer on-demand advisory services on issues relating to external audit, reporting standards and accounting procedures.
External audit
External audits are independent, objective assessments of a company’s financial statements and internal controls conducted by a certified public accountant (CPA) or a professional auditing firm. The purpose of an external audit is to provide assurance to stakeholders, such as investors, creditors, and regulators, that the financial statements present a true and fair view of the company’s financial position and performance. External audits also help identify any material misstatements or irregularities in the financial statements, enhancing transparency and credibility.
These are audits required by law or funding agreements. We use our expertise to ensure compliance to agreed timelines. Our collaborative approach to audit ensures that all audit issues are discussed with management before they form part of our final reports. Our focus is on value addition rather than fault finding, and we ensure we leave you better than we found you. Our scope covers;
- Organizational financial statements audits
- Agreed Upon Procedures which include internal control reviews, compliance checks,
- Spot Checks
- Local Fund Agency
- Project audits and assessments
Forensic Audit
Forensic audits involve the investigation of financial records, transactions, and activities to uncover potential fraud, misconduct, or irregularities. Forensic auditors use specialized techniques and tools to analyze financial data, identify suspicious patterns or anomalies, and gather evidence for legal proceedings or disciplinary actions. Forensic audits are often conducted in response to allegations of fraud, embezzlement, or other financial crimes, with the goal of uncovering the truth and supporting legal actions or disciplinary measures.
Where there is whistleblowing or suspicion of theft, we can help you discover more by carefully reviewing every account and transaction. We use our previous experience to follow the money and find out what transpired. We also help you seal any control loopholes to avoid any future fraudulent activities.
