Aside from the importance of the legal requirements for a statutory audit, the undertaking of the audit itself provides important and valuable insight.
Providing comfort over the accuracy of management accounts, or revealing systematic errors occurring throughout the year, a year end audit is critical to decision making for an organisation placing reliance on management information. The process through which an audit is undertaken challenges the robustness of the internal controls and processes an organisation has in place, giving an external perspective and valuable feedback.
Audit will also allow you to:
- Facilitate the payment of taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.
- Comply with banking requirements.
- Comply with local statutory requirements.
- Help detect material fraud and error.
Our audit approach is tailored to our clients’ individual circumstances such as the industry sector in which they operate, their size and operations. Our approach is fully computerized from the initial audit planning stage all the way through to the completion of an audit engagement ensuring full compliance with IASs.