Understand
Agree on the scope, deadlines and key risks with management.
Resources
Useful information, clearly presented.
Understand how an assurance engagement is planned, carried out and reported.
Audit process
Four stages, one clear purpose.
Our approach is designed around risk, professional standards and open communication with the people responsible for the assignment.
Examine
Review records and perform risk-based testing of transactions and balances.
Evaluate
Assess the control environment and identify practical improvements.
Report
Discuss findings and issue the agreed reports and recommendations.
Audit deliverables
What you receive at the end of an engagement.
The agreed scope determines the final deliverables.
Independent audit report
An opinion on the financial statements where the engagement calls for one.
Management letter
Observations on internal controls and recommendations for improvement.
Compliance review
Assessment against applicable statutory, regulatory or donor requirements where included in scope.
Preparing to work together
A productive start depends on shared expectations.
Planning begins with a conversation about scope, timing, key risks and the information available.
The team then requests relevant financial and operational records, considers the control environment and agrees how findings will be communicated. Required documents vary by assignment.
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