Audit & Assurance

Increased pressure on the need for reliable financial information has put the spotlight on audit and assurance services. We understand the true value that thorough and objective audit and assurance services can bring to a company. Our specialist teams provide a full range of audit, reporting, actuarial, corporate governance, risk management and transaction support services.

Financial reporting advisory

The world of accounting and financial reporting is continually evolving. Internationally, several key accounting standards have recently been issued which could have a substantial impact on some entities. Our technical experts have a wealth of experience in a wide variety of accounting, financial reporting and narrative reporting matters and can be engaged by organizations in a wide range of industries, by companies and on both small and medium projects.

We have a proven track record in helping our clients to interpret and implement new accounting and financial reporting standards including IFRS and GAAP, which are important in today’s fast-changing technical environment.

Internal Audit Risk & Compliance

We believe every organisation is unique – the approach and focus of its internal audit function should be tailored accordingly. We appreciate that a ‘one-size-fits-all’ approach does not work in reality. Organizations need to consider the most cost-efficient way of obtaining the required assurance over the effectiveness of key processes and controls.

Our specialists provide following seamless internal audit services across divisions on an outsourced basis and on a co-sourced basis to suit an organization’s existing arrangements.

• External quality assessment (EQA) over the effectiveness of existing internal audit arrangements;
• Development and assessment of risk management and risk-based internal audit frameworks and plans;
• Provision of specialist internal audit and consulting assistance for areas of added risk or complexity;
• Advice and training on how to improve internal audit approaches and methodologies;
• Ad hoc internal audit, risk management, governance and related queries; and
• Regulatory compliance reviews and consultancy

Risk Management

Whether you are putting a risk management framework in place for regulatory reasons or to comply with best practice, the benefits of drawing upon our experience are manifold.

The management of an organisation faces significant challenges in integrating risk management and the effectiveness of controls designed to mitigate them. We are embedding a suitable and proportionate risk management framework, which ensures the achievement of these objects and has the following advantages:

• Provides an early warning system for threats to the achievement of strategic and operational objectives, enabling a proactive rather than reactive approach to risk management.
• Establishes a standardized methodology for monitoring and reporting on identified risks.
• Produces valuable management information to be used for decision-making purposes.
• Compliance with laws and regulations.

Audit

The underlying value of audit is a means of maintaining the credibility of the business. For an owner-manager, a professionally conducted audit is a vital business control and can be offered as part of our overall business advisory approach. Together, audit and other assurance services play a fundamental role in the successful management of an organisation, particularly when auditors establish effective working relationships based on mutual trust and respect, with key players within a company, including management, non-executive directors and other advisers. Our clients benefit from our robust and challenging approach to audit. We do not shy away from face-to-face discussion and challenge on audit issues – we have all the technical processes and procedures clients would expect of an audit firm.