Audit

With increased complexities in accounting standards and continuously changing business conditions, it is necessary for the management to understand the prevailing financial systems in order to ensure their efficiency and profitability. Auditing offers the necessary professional and independent suggestions that prove crucial for the credibility of the organization. Auditing also ensures careful analysis of potential risks and promotes the development of well-planned systems to mitigate those risks.

Our quality assurance processes
In order to ensure the maintenance of quality and the highest standards for all services provided, all client engagements involve the allocation of highly trained and professional partners and staff that have a professional obligation to plan and participate in a continuing education program, tailored to meet their own needs. Crowe Horwath has adopted quality control policies and procedures that apply the requirements of the standards and guidance issued by the International Auditing and Assurance Standards Board (IAASB). Crowe Horwath applies the Code of Ethics issued by the International Ethics Standards Board for Accountants (IESBA).

The elements of our Quality system include:

• Group Code of Conduct;
• Independence and Conflict of Interest policy;
• Quality Control Policy & Procedures
• Our program of audit and financial reporting training; and
• Our audit manual and practical audit resources.

Compliance with our Quality system is monitored through procedures which include:

• Internal monitoring and compliance reviews;
• Partner and staff appraisals;
• Periodic monitoring visits by Crowe Horwath International; and
• External regulatory supervision.

We are required to provide audit services based on the International Audit Standards (ISA) and provide with our independent audit opinion on the financial statement as prepared by the management in compliance with International Financial Reporting Standards (IFRS).