Audit and Assurance Services

OUR SERVICES

This being our core service, a lot of care, due diligence and adherence to relevant reporting standards are taken care of hand in hand with compliance to Internal Standards on Auditing and to ensure that code of ethics are also observed.

All audits are carried out as per the firm's audit procedures, which are based on International Standards on Auditing and International Standards on Quality Control. Our audit approach is principally risk-based, and focuses on obtaining an understanding of the scope of the assignment, and developing an audit strategy to achieve the set audit objectives. Our audit programmes are well structured and tailored according to the client’s system.

Key interest is taken in all the stages of the audit from planning, fieldwork to execution/completion of any audit assignment.

This is achieved through the following cycle;

Obtaining knowledge on the client's business, underlying risks, and the legislation and regulations governing the business which objective is developed during the planning stage and at actual fieldwork.

Understanding the client’s organizational, procedural and information system controls as well as their operating structure which objective is developed during the planning stage and at actual fieldwork.

Ensuring that expertise and resources are available to satisfactorily carry out the audit which objective is developed during the planning stage.

Adhering to the firm's quality control standards which objective is developed at all stages.

In this area we cover services ranging from; -

Statutory Audits

Management/Compliance Audits

Project Audits

Fraud Audits and Investigations of a Special Kind

VAT Audits and Investigations and Certification of Claims for Refund by KRA.

Internal audit functions and reviews

Investigations of a special kind comprise investigations to a financial loss or misappropriation of funds and assets in an organization/company. Such in-depth investigations are carried out as set out and detailed by and in accordance with the client's specific terms of reference. We also undertake forensic audits. Besides expressing our opinion on the audit assignment, we also report to the management any shortcomings noted during the course of our audit, for betterment and improvement of the existing internal control system.