Audit and Assurance services

Audit services are essential to establish credibility and build reputation - critically important assets in a global economy undermined by business scandals on multiple continents. Companies that successfully address audit issues improve the quality of their financial reporting and stand to gain credibility internationally with leading sources of capital.

Given the importance of audit services, many senior executives and audit committees look for Crowe Global member firms for efficient procedures, the value of their work, and personal service. Your organization stands to gain in multiple areas - reputation, insight, service, and cost - by finding experienced auditors who truly value your business.

We provide auditing services, through a highly qualified professional team to a wide range of companies, business organizations and public authorities.

During the course of execution of audit engagements, in addition to expressing an opinion on the financial statements we provide value added service to the management by furnishing useful recommendations aimed at improving their financial and accounting systems. In addition, we strive to establish ourselves as one of the client’s key advisers in the decision making process.

In order to achieve this goal, we usually undertake the following:

Our audit team reviews and understands the nature of the business activity and its financial and accounting characteristics
Our audit team works in close coordination with the client staff and management to maximize the effectiveness of work
We establish a strong quality control by close involvement of assigned partners and managers at all stages of audit planning, execution and reporting.
We establish an audit plan to ensure that the scope is responsive to procedures and controls in operations
We identify the techniques, procedures and measures necessary to achieve the objectives of internal control
We identify procedural weakness and bring them to the management’s attention initiating remedial action.
We keep up regular meetings with client management to discuss control weakness identified, our recommendations to plug such weaknesses and follow up of agreed action to control weaknesses.

Ways we can help

Financial Statements Audit and Review

We provide a wide range of assurance services that include statutory audit and reviews. These services are provided in accordance with applicable international standards and are in line with local regulatory requirements. Our audit process lies at the heart of our services and draws on our in-depth knowledge and the collective experience of our assurance services to provide detailed insight into our clients' organizations. We go beyond the basics to add value based on our knowledge of the client's business drivers and individual sectors. Frequent communication with our clients ensures that they are brought up to speed on relevant matters. This personal engagement also enhances the relationship we share with our clients and adds value to the services we provide.

Compilation of Financial Statements

Compilation of financial statements relates to assisting clients in the preparation of their financial statements in accordance with International Financial Reporting Standards. Our services in this area focus on the presentation of all financial information provided by management. Our extensive experience gives us a better understanding of client businesses and industry to enable the preparation of well-informed financial statements that meet required standards in the sector. Based on an understanding of clients' needs and our knowledge of their businesses, appropriate services will be suggested and discussed with our clients. These services will include matters/issues relating to their financial statements’ compatibility with applicable standards and review of compliance with IFRS. Our service will always extend beyond just compilation to value-addition through providing advice on financial reporting enhancement.

Internal Audit Services

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Our underlying approach is based on the risk assessment and report on the results. We create a risk profile, carry out work in accordance with the plan; report findings along with recommendations to management and attend periodic review meetings, including audit committee meetings.

Specific Agreed Upon Procedures

We assist clients to facilitate their business needs in relation to specific reporting and/or certification requirements by performing a set of agreed upon procedures with respect to specific matters and report on the factual findings. The agreed upon procedures will be performed in accordance with international standards on Related Services applicable to the specific agreed-upon procedures engagements.

Forensic Service

We can assist businesses to remove any specific doubt concerning suspected matters. Such engagements will be based on a set of agreed upon procedures which will be designed to investigate and test the circumstances that led to a specific doubt.

Other Attestation Services

We provide a wide range of attestation services to assist businesses in assessing the validity of their process transactions and specific balances and enhance their controls and monitoring process.

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