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Audit and Assurance

Financial Statement Audit and Review

Reliable financial reporting matters to shareholders, lenders, boards and other users of financial statements.

Overview

An independent perspective on your financial reporting

Reliable financial reporting matters to shareholders, lenders, boards and other users of financial statements. Our audit and review services provide an independent assessment within the scope of the engagement and applicable professional requirements.

Financial statement audits

We undertake audits of financial statements prepared under the applicable financial reporting framework. Our work is designed to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to report our opinion.

We develop our audit response from an understanding of the business, its reporting processes and the risks of material misstatement. We give particular attention to significant transactions, estimates, judgements and disclosures that affect the financial statements.

An audit provides a high level of assurance, but it does not provide absolute assurance or a guarantee that every misstatement will be detected.

Reviews of financial statements

A review provides limited assurance and may be appropriate where an audit is not required and a review meets the intended reporting need. Review procedures consist primarily of enquiries and analytical procedures, with additional work where the circumstances require it.

A review is substantially narrower in scope than an audit and does not result in an audit opinion. We discuss the required reporting purpose with you before agreeing the engagement.

  • A coordinated engagement

    At the outset, we establish the scope, responsibilities, timetable and information requirements. During the engagement, we discuss emerging matters with management and communicate with those charged with governance as appropriate. Significant issues receive the attention needed before reporting is completed.

  • Our responsibilities and yours

    Management remains responsible for preparing the financial statements and for the internal control it determines necessary for their preparation. Our responsibility is to perform the agreed audit or review independently and report in accordance with the applicable requirements.

  • Discuss your reporting requirements

    Tell us about your organisation, the reporting period and the purpose of the engagement. Our team can discuss the appropriate service and next steps.

Explore

More audit services

  • Technology and
    Data Analytics

    Technology and data analytics can help us understand financial information, identify areas requiring attention and perform audit procedures more effectively.

  • System of Quality
    Management

    Our System of Quality Management, or SOQM, supports audits and reviews of financial statements and other assurance and related services engagements.

  • Our Audit
    Approach

    Our audit approach starts with understanding your organisation and the financial reporting risks it faces.

  • Inflo

    Inflo’s complete digital audit platform integrates advanced data analytics, client collaboration, and quality management products, all supported by a comprehensive audit methodology.

Get in touch

Engage with us

Head of Audit

Riaz Pesnani

Partner - Head of Audit

Contact, Riaz Pesnani

Get in touch with one of our professionals.

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Request for Proposal

Tell us about your business and what you need, and we will help you shape a clear proposal. Our team will be in touch to take it from there.

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