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 most free zone authorities/government to protect the interests of shareholders, investors, and other stakeholders. A statutory audit provides an independent and objective assessment of a company’s financial health and provides assurance to stakeholders that the financial statements are a true and fair reflection of the company’s financial performance.
Statutory audit is a thorough examination of a company’s financial records, accounting practices, and financial reporting systems to ensure that they comply with the applicable laws and regulations.
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. Contact us today to learn more about our statutory audits.
Statutory Audit Benefits
Plans the audit by understanding the client's business, risks, and internal controls and identify the areas that require more attention.
The auditor performs a preliminary review of the client's financial statements, internal controls, and other relevant documents.
Obtain evidence supporting financial statements. Involves testing transactions, reviewing documents, and interviewing personnel.
After completing the audit, the auditor issues an audit report expressing their opinion on the financial statements' fairness and reliability.
If issues or deficiencies are identified during the audit, the auditor may follow up with the client to ensure that corrective actions have been taken.
Why choose us
Independence & objectivity
Independent and objective in their work, free from any conflicts of interest or bias. Ensure the integrity of the audit process and the credibility of the financial statements.
Reputation & Credibility
Reputation of firm matters a lot. Reputable auditor provide more credibility to your financial statements and strengthen the confidence of investors, creditors, and other stakeholders.
Expertise and Experience
Expertise in the relevant industry and experience in performing audits and have a deep understanding of the applicable laws, regulations, and accounting principles.
Quality of service
High-quality service, including effective communication, timely delivery of work, and the ability to identify areas of weakness and provide recommendations for improvement.
While cost should not be the only factor in choosing an auditor, it is still an important consideration. A good auditor should provide cost-effective solutions that offer value for money.
It is important to choose an auditor who is available when you need them. The auditor should be responsive to your needs and be able to provide the necessary support when required.