Our audit approach is risk based and will focus on those areas of the financial information produced by the engaging party that may contain material misstatements either from error or omission, as a consequence of the risks faced by them. This approach allows us to be appropriately responsive to existing facts and circumstances of the engaging party, while allowing us room for necessary changes in our audit approach as the audit progresses.
1. Interim Audits
To ease the burden on our clients and to facilitate reporting on strict early deadlines, we also conduct audits for interim periods.
2. Review Engagements
Financial statements provide the required information in a usable format to assist businesses make the best decisions. A review engagement is another form of assurance that can meet the needs of some businesses particularly SMEs without putting undue strain on time and other resources.
A review is a limited assurance engagement; it provides less assurance than an audit. It may help businesses that require some level of independent assurance to increase the credibility of their financial statements, for example, when seeking a loan from a bank. In these cases, a review can be an ideal solution.
3. Assurance Engagements
These reviews usually require a limited or reasonable assurance on a specified subject matter. Reporting is in the form of an assurance report detailing the scope and method of evaluation, and conclusion which may be a limited or reasonable assurance, for example compliance audits.