AUDITS OF FINANCIAL STATEMENTS

The audit service includes the examination of an entity’s financial statements and
accompanying disclosures by an independent auditor. The result of this
examination is a report by the auditor attesting to the fair presentation of
financial statements and related disclosures.
In an audit we prepare a plan including possible risks assessments and set the
materiality. Then we review internal controls understanding and validating its. In
addition, we make a substantive review on financial data using audit sampling
technique to test the level of risks in the engagement.
Common audit procedures that the auditor uses in this process is the analytical
review, inquiry, observation, recalculation, and external confirmations. Also
supporting documents should be inspected including contracts, invoices, receipts,
bank statements and other related documents.
Once we complete all the necessary testing, we will issue a report based on the
results of the audit procedures and processes.