An external audit is an independent examination of the financial statements prepared by the organization.
It is usually conducted for statutory purposes and results in an audit opinion about whether the financial statements give a ‘true and fair’ view of the state of affairs of the organization and operations for the period.
Audit of financial statements services includes:
- Preparation of financial statements in accordance with International Financial Reporting Standards (IFRS).
- Critically examining the underlying accounts and processes in accordance of International Standards on Auditing (ISA) using a risk based approach.
- Performing control testing as a part of the audit process and providing pro-active responses where there is a lack of an adequate & effective control environment.
- Providing reliable input and assurance on the financial statements to the Company’s shareholders and stakeholders.