While the rules and regulations keep changing, the fundamentals don’t. Meeting the stakeholder’s & investors’ expectations come with transparency, completeness and proper disclosures in financial statements.
Financial statement audit is critical to business’ success. We Intellect Auditors do in-depth examination of entity’s financial statements and accompanying disclosures, as a result of our report your stakeholders can assess financial health of your organization.
Not only this, our audit helps you to gain deeper understanding of important management issues and also present and upcoming business challenges. This is because we approach audit with holistic viewpoint like current changes in the latest regulatory standards, changes in your industry, your company’s management controls, risks associated and transparency of your financial statements.
STAGES OF TYPICAL AUDIT INCLUDE
- Plan and Design an Audit Approach
- Perform Test of Controls and Substantive Test of Transactions
- Perform Analytical Procedures and Tests of Details of Balances
- Complete the Audit and Issue an Audit Report
Choosing of your auditor is a very complex process. The Auditor should be aware of two primary accounting frameworks, Generally Accepted Accounting Principles and International Financial Reporting Standards. Also, the auditor must be a member of recognized accounting body.