Our team of experienced auditors and assurance professionals is committed to providing reliable and objective evaluations of your financial statements, internal controls, and compliance with regulatory requirements. Whether you are a public company required to undergo an external audit, or a private company seeking to strengthen your internal controls, our audit and assurance can help you meet your financial reporting and governance needs.
Whether you’re a startup, a small business, or a large corporation, we are here to help you manage your finances with ease and confidence.
How does assurance work?
Audit and assurance involve a systematic and independent evaluation of a company’s financial statements, internal controls, and compliance with regulatory requirements.
Overall, the audit and assurance process is designed to provide an independent and objective evaluation of a company’s financial reporting and governance. It helps to build trust and confidence among stakeholders by providing an unbiased assessment of a company’s financial position and performance.
Here are the key steps involved in the audit and assurance process:
- Planning – planning financial requirements, identifies key risks and develops a plan to address those risks.
- Fieldwork – gathering and analyzing financial data, testing internal controls and verifying the accuracy.
- Reporting – an opinion on accuracy and completeness of financial statements and effectiveness of internal controls.
- Follow-Up – ensures that any identified deficiencies or issues are addressed appropriately.
Benefits of Assurance
Compliance
Ensures that a company's financial statements are in compliance with applicable standards and requirements.
Accuracy
Evaluation of company's financial statements provides greater confidence in the accuracy and completeness of financial reporting. .
Internal Controls
Review company's internal controls, identifying areas for improvement and strengthening financial reporting.
Risk Management
Identify and manage financial risks, providing greater insight into business's financial position and performance.
Stakeholder Confidence
Build trust and confidence among stakeholders, including investors, creditors, and regulators.
Process Improvement
Provide valuable insights into a company's processes, identifying opportunities and increased efficiency.
Improved Decision Making
Valuable information for decision-making processes, allowing informed and strategic business decisions.
Enhanced Reputation
Maintain and enhance company's reputation by providing transparency and accountability in financial reporting
Assurance Services
Statutory Audits
A statutory audit is an essential process that every company must undertake to ensure that their financial statements are accurate, reliable, and comply with the relevant laws and regulations. It is a legal requirement that is mandated by the government to protect the interests of shareholders, investors, and other stakeholders.
Review Engagements
Our team of experienced professionals is here to assist you in meeting your financial reporting needs through our thorough review engagement services. Whether you are a privately-held company, non-profit organization, or government entity, we are committed to providing you with high-quality review that are tailored to meet your unique needs.
Financial Due Diligence
Financial due diligence is an essential process for companies engaging in mergers, acquisitions, or other transactions. It involves conducting a thorough review and analysis of a company's financial records, operations, and performance to assess its financial health and identify any potential risks or opportunities. Our financial due diligence provide clients with the critical information they need to make informed decisions about their investments and transactions. accounts payable and receivable.
Agreed Upon Procedures
Agreed Upon Procedures engagement (AUP) is where our team of experienced professionals performs specific procedures on financial information, agreed upon between our clients and their stakeholders, and issue a report of factual findings. At BRISK Auditing, we understand the importance of objective and unbiased information for decision-making, and our AUP are designed to provide just that. Our team is dedicated to delivering quality and timely reports that help our clients meet their regulatory requirements and provide assurance to stakeholders.
Internal Audits
Internal audit is a vital function for any organization, providing assurance on the effectiveness of internal controls, risk management, and governance processes. Our internal audit aim to add value by identifying opportunities for improvement, evaluating risks, and enhancing the overall efficiency and effectiveness of an organization's operations.
Forensic Audits
Forensic auditing is a specialized field of accounting that involves investigating financial and accounting records to uncover potential fraud or illegal activities. In today's complex business environment, it is more important than ever to have reliable financial information. Forensic audit help to ensure the integrity of financial statements, identify fraudulent activities, and provide crucial evidence in legal proceedings. Our team of experienced forensic auditors has the skills and knowledge necessary to conduct thorough investigations and provide insightful analysis to help clients mitigate risks and protect their assets.
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