AUDIT & ASSURANCE
Our audit and assurance services comprise of the following:
Financial Statement Audit
A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent auditor.
Quality Assessment Review
Audit committees and chief audit executives may want to assess how well internal audit is performing. this is where an internal audit quality assurance review comes in. The Institute of Internal Auditors established the benchmark for internal audit performance through a series of standards. To ensure that your internal audit function conforms to the International Standards for the Professional Practice of Internal Auditing, you must establish a Quality Assurance and Improvement Program and, obtain an external quality assessment by an independent reviewer or an internal review team.
Internal Control Review (ICR)
Internal Control Review (ICR) is an overall assessment of the internal control system and its adequacy of each business area in an organization to address the relevant risks. Through control review, an organization’s resources are directed, monitored, and measured in an effective manner. It plays an important role in protecting the organization’s tangible and intangible resources.
Business entities need the attestation report by an auditor on data or information related to specific matter in order to comply with the requirements of regulatory or organizational authorities, carry on certain business activity, or obtain a license, and meet other business requirements.
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