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Explore our comprehensive range of services designed to support your business at every stage. From legal and tax consulting to corporate management and beyond, we provide the expertise you need for success.

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Audit

Our team provides legal and special purpose audit and reporting services. These services are in accordance with international and local financial reporting standards. In addition to these, we are very experienced to deal with intercompany report packages as a team who is currently serving more than 50 multinational companies around the world.

  • Our service range is listed below:
  • Converting local financials to International Financial Reporting Standards (IFRS) and others
  • Preparation of budgets and forecasts
  • Management reporting
  • Integration of accounting and reporting before M&A
  • Consulting on better reporting processes
Doing Business

What Are Financial Audit Services?

Financial audit services involve the systematic examination and evaluation of a company’s financial statements and related records. The purpose is to ensure the accuracy, reliability, and compliance of financial reporting with established accounting standards and regulations, such as International Financial Reporting Standards (IFRS) and local financial reporting standards. These services can be conducted for various purposes, including regulatory compliance, internal management review, and special projects like mergers and acquisitions (M&A).

How Can Financial Audit Services Benefit Your Business?

  • Accuracy and Reliability: Financial audits ensure that your financial statements are accurate and reliable, providing stakeholders with confidence in your financial health.
  • Regulatory Compliance: Audits help ensure compliance with international and local financial reporting standards, avoiding legal issues and potential penalties.
  • Enhanced Credibility: Audited financial statements enhance the credibility and trustworthiness of your business in the eyes of investors, lenders, and other stakeholders.
  • Risk Management: Audits identify and assess financial risks, enabling you to implement effective risk management strategies.
  • Improved Financial Processes: Auditors provide recommendations for improving financial processes, controls, and reporting practices, leading to more efficient and effective financial management.
  • Strategic Planning: Audits provide valuable insights into your financial performance and position, aiding in strategic planning and decision-making.
  • Support for M&A Activities: Financial audits are crucial during mergers and acquisitions, ensuring accurate valuation and seamless integration of financial systems.

What Are the Key Steps in the Financial Audit Process?

  • Planning and Preparation: Define the scope and objectives of the audit. This involves understanding the business, its environment, and the specific financial reporting requirements.
  • Risk Assessment: Identify and assess the areas of financial risk that need to be addressed during the audit. This helps in focusing the audit efforts on high-risk areas.
  • Internal Control Evaluation: Evaluate the effectiveness of internal controls over financial reporting. This involves reviewing the processes and procedures in place to ensure accurate and reliable financial information.
  • Data Collection: Gather and review financial data and supporting documents. This includes financial statements, ledgers, journals, and other relevant records.
  • Testing and Verification: Perform substantive testing and verification of financial transactions and balances. This includes checking for accuracy, completeness, and compliance with accounting standards.
  • Analysis and Evaluation: Analyze the financial data to identify any discrepancies, inconsistencies, or areas of concern. This includes comparing financial statements with budgets, forecasts, and prior periods.
  • Reporting: Prepare the audit report, which includes the auditor’s opinion on the financial statements, findings, and recommendations for improvements. The report ensures transparency and accountability in financial reporting.
  • Communication: Discuss the audit findings with management and provide insights on how to address any issues identified. This includes recommendations for improving financial processes and controls.
  • Follow-Up: Follow up on the implementation of audit recommendations and corrective actions. This ensures that any identified issues are addressed and that the financial processes are improved.

By offering comprehensive financial audit services, our team helps ensure that your business’s financial reporting is accurate, reliable, and compliant with relevant standards, providing valuable insights and enhancing overall financial management.