What Services do we cover in External Audit?

• Planning and Risk Assessment: It involves a comprehensive approach of understanding of the business and the business environment in which it operates, and using this information to assess whether there may be risk that could impact the financial statements.
• Internal Control Testing: It involves a comprehensive approach of assessment of the effectiveness of an entity’s process of controls, concentrating on such areas as proper authorization, the safeguarding of assets, and the segregation of duties and responsibilities.
• Substantive Procedures: It involves broad arrays of procedures, of which a small sampling is done with critical approach.
• Reviewing of Management Prepared Financial Statements: As an independent auditor the financial statements prepared by the management are reviewed and crossed checked with different audit technique tools provided within auditing standards.
• Issuing of Independent Auditor’s Report: An independent audit report is issued to the management after examining the books of accounts and financial statements of the company. The report can be unqualified report, qualified report, adverse report and disclaimer report based on audit findings.