Financial Statement Audit and Review
We approach financial statements through risk: first understanding the business, then identifying significant areas and designing procedures around evidence and documentation.
Service scope
What the service covers
01Understanding the business and operating environment
02Assessing material misstatement risks
03Testing control design and effectiveness
04Analytical and substantive balance procedures
05Examining transactions and supporting evidence
06Discussing findings before reporting
Delivery methodology
How we deliver the engagement
01Understand the business
02Assess risks
03Test controls
04Review evidence
05Issue report
Outputs
What management receives
01Audit or review report
02Management observations
03Documented working file
04Prioritized improvement areas