Some benefits of audits

  • Determines economic performance of an organization.
  • Helps in decision making
  • Makes limited companies to comply with statutory requirements
  • Helps in tax  planning and management
  • Helps in business planning, management and control.
  • Detects errors and frauds
  • Guides investors in making investing decisions
  • Helps in raising of business finance.
  • Determines economic value of organizations.

Forensic Audits (Investigations) and Litigation Support.

This is an examination of fraud or loss suspect areas in organizations which leads to determining the amount of monies lost and those responsible. The forensic findings provide evidence for apportioning blame or litigation in courts of law. We can assist in quantifying financial losses and claims arising out of business transactions and frauds, and acting as expert witnesses for clients in financial matters.

Information system audits

An information security audit is an audit on the level of information security in an organization. Within the broad scope of auditing information security there are multiple types of audits, multiple objectives for different audits, etc. Most commonly the controlsbeing audited can be categorized to technical, physical and administrative. Auditing information security covers topics from auditing the physical security of data centers to auditing the logical security of databases and highlights key components to look for and different methods for auditing these areas. We also provide information systems audit solutions which range from the total outsourcing of the IS function to outsourcing its supervision or setting out an independent unit for the same

Internal Audits

Internal audit is an internal oversight function to an organization, which provides an independent appraisal of activities, assurance to the shareholders, board and management by reporting on the effectiveness of the internal controls; reliability of the management information systems; management and control of the organisation's assets; and compliance with applicable legislation and regulations.  It is an important management and control tools for organizations which need to keep regular monitoring of their business performances for control purposes. We provide internal audit solutions which range from the total outsourcing of the internal audit function to outsourcing its supervision or setting out an independent internal audit functions.

Periodic audits

These can be quarterly, semi annual or annual audits depending on a client’s requirements. Annual audits for entities are a statutory requirement for the sake of taxation, annual returns as well as accountability to members, financiers, creditors and the general public. It is not mandatory for sole proprietorships, however, it is a statutory requirement to make tax returns, and therefore audited accounts reduce the associated tax risks, and provide information on performance which is essential for business planning and control.

 

 

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