We perform audit work and assist in the preparation of your financial statements in which we can detect and identify areas for improvement in your accounting systems. As part of our services, we submit a recommendation letter to help you improve internal control procedures, operational effectiveness and efficiency, and financial reporting.
The Audit, A-five-step approach
In this phase we obtain an understanding of the entity’s operations, control environment, accounts and information systems.
We use our understanding of the entity’s internal control system and operations to identify the inherent audit risks and strengths of its businesses and information systems. By performing this risk assessment, we can customize our audit approach to focus our efforts on key areas.
Testing and evaluation of controls
We will evaluate the entity’s operations and its internal control system. Based on the results of this evaluation, we determine the extent of our substantive testing.
When appropriate, we use audit software to perform substantive testing. This enables us to retrieve information from data files, if needed, without affecting the integrity of the data.
Concluding and reporting
We conclude and report on both, financial statement and internal control letters, to meet requested reporting deadlines. Drafts of all of our reports are provided to management for their input and review shortly after the conclusion of our fieldwork.