Auditing Services
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We are pleased to offer the clients accurate Auditing Services. These Auditing Services are provided by the intelligent Auditing Employees, who have thorough knowledge of all accountancy, financial and legal aspects. We emphasize on building an internal control system to reduce the risk of omissions and errors. Furthermore, we can render specific management Auditing Services as required by the customers.In addition, we render Internal Audit Services of the clients’ business. These Auditing Services are conducted as per the requirements of the clients in order to provide them accurate information about their financial status. Our Auditing Services also enable the clients reach the required level of compliance as mandated by legislation.Our Auditing Services Include
Project management
Performing key controls testing
Assisting Corporate to document and evaluate internal controls
Providing assistance in developing Internal Control Framework
Providing assistance in developing Risk Management Framework
Training personnel on internal audit function, and methods of documenting controls
Our MethodologyBased on the risk assessment of the organizations, our internal Auditors, Management and Oversight Board determine where to focus Internal Auditing efforts. These Auditing Services are generally conducted on one or more discrete projects. Typically the internal audit project involves the following steps :
Establish and communicate the scope and objectives for the audit to appropriate management
Develop an understanding of the business area under review. This includes objectives measurements, and identifying key transaction types. This involves review of documents and interviews. Flowcharts and narratives may be created if necessary
Identify control procedures used to ensure that each key transaction type is properly controlled and monitored
Develop and execute a risk-based sampling and testing approach to determine whether the most important controls are operating as intended
Report problems identified and negotiate action plans with management to address the problems
Follow-up on reported findings at appropriate intervals. Internal audit departments maintain a follow-up database for this purpose
By analyzing and recommending business improvements in critical areas, auditors help the organization succeed. In addition to assessing business processes, specialists called Information Technology (IT) Auditors review information technology controls
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