Our team of qualified auditors follow our 3 fold objective to
Plan , Conduct and Complete the Audit Process with professionalism and integrity.

We offer these services:

Statutory audits

Audit for solicitor’s trust account

Special Audit and Investigation

Business and company valuations

Litigation support

Audit Objectives

1) To examine the financial statements of a company for the purpose of expressing an opinion on whether the statements as a whole have been properly prepared, within a framework of recognized accounting policies and applicable legislation, so as to present a true and fair view of the financial position and results of the company.

2) To obtain audit evidence to support the information presented by management in, or underlying, the financial statements and to consider how that information is presented in the financial statements.

3) To enable the users of the financial statements with reasonable assurance that the financial statements taken as a whole are not materially misstated.

Planning the Audit

1) Confirm the engagement of the audit and determine the client’s financial year-end. If required, schedule to perform stocktake at close of the financial year-end.

2) Follow-up with client for the schedule date for completion of financial statement and all relevant schedules.

3) On receipt of the financial statements, prepare the following:

a) Preliminary analytical review
b) General risk assessment
c) Specific risk assessment
d) Materiality assessment

4) Discuss with Manager on above review and assessment to determine the critical risk areas and schedule time budget.

Conducting The Audit

1) Identify and prepare external confirmation requirement, such as bank, debtors and creditors confirmation etc.

2) Design and record substantive tests using the following:

a) Standard audit program and objectives
b) Analytical review
c) Detailed tests
d) Sample selection

3) Perform the above substantive tests and assess results of tests.

4) Note and highlight any exceptions and major variations.

Completing The Audit

1) Pass the audit adjustment entries and perform a final analytical review.

2) Perform final audit works for the following:

a) concerns review
b) post-balance sheet event review
c) points on accounts

3) Draft financial statements and the following documents:-

a) letter of presentation,
b) confirmation of directors’ remuneration, share holdings
c) confirmation of amount due from/ to director
d) petty cash balance
e) stock certificate
f) Letter of continuing financial support
g) Audit journal adjustments

4) If necessary, summarize any major exception and prepare management letter.

5) Submit current audit working file and updated permanent file for manager’s and partner’s review with highlighted points for their attention.

6) Call-over and check for errors of audited financial statements (AFS).

7) Fax draft AFS with audit journal adjustments to clients for their review and comments. At the same time forward a copy to the Secretarial Dept for them to prepare the Annual Return to ROC

8) Send AFS for client’s signature.