We emphasize the planning stage to ensure thorough coordination and efficiency. Our team assists with:

• Creating a detailed list of required documents and information for the audit
• Rolling forward the previous year’s electronic audit files onto audit software
• Transitioning from traditional Excel audit files to electronic formats
• Mapping and reconciling the trial balance
• Conducting a preliminary review of last year’s audit file
• Providing guidance on documenting internal controls
• Verifying opening balances
• Selecting samples and calculating materiality
• Reviewing books of accounts for GAAP, IFRS & IAS compliance

To ensure smooth execution, our skilled audit team handles:

• Assisting with the preparation, verification, and review of working papers
• Testing internal controls and gathering audit evidence
• Verifying and indexing audit evidence
• Summarizing audit findings, cross-referencing documents, and providing recommendations to streamline the review process
• Performing consistency checks, mathematical accuracy, and reconciling lead schedules with final accounts
• Conducting substantive testing and risk assessments
• Assisting with balance confirmations
• Managing the entire audit process from start to finish

In the final stage, we focus on:

• Conducting a quality review and preparing financial statements
• Independently reviewing audit files to ensure they are complete
• Drafting management letter points
• Creating a memo on auditing or accounting issues
• Preparing risk-based internal audit reports
• Developing and implementing accounting policies and procedures
• Formulating internal control procedures
• Reviewing and updating the GAAP, IFRS & IAS compliance checklist
• Drafting notes for proper disclosures
• Creating checklists to report errors to the onshore audit team for adjustments to financial statements and future accounts