Audit & Assurance Services
We provide audit & assurance services to a wide range of enterprises including manufacturing, agricultural, professional, commercial, financial institutions i.e. Saccos, government agencies, donor-funded organizations, etc.
We conduct our audits to meet the International Standards on Auditing and we ensure full compliance with all local statutory reporting requirements.
It is our belief that the quality of service we provide relies heavily on the people working as a team. In order to achieve the highest level of efficiency and quality; our audits are performed by competent independent professionals evaluating audit evidence in accordance with the International Standards on Auditing. Comprehensive reports and recommendations useful to management are a regular component of our audit services. Our reports are issued on a timely basis following completion of the final audit visit.
Our approach in a typical audit assignment would envisage the following:
Audit Area
Desired Objective
Communicate with the client about commencement of assignment.
To ensure that the assignment begins timely as per the agreed commencement date and proceeds as per agreed calendar.
Planning and preliminaries
To enable us obtain a clear understanding of the entire assignment and put at our disposal the resources necessary to ensure successful conclusion of the assignment.
Operations
Verify adequacy of laid down policies and procedures and systems of internal controls being implemented to assure ourselves that the client’s business objectives are being met.
Financial Statements
Verify completeness, accuracy and validity of client’s financial results and state of affairs as at the end of financial year including proper accounting treatment per IFRSs and issue an audit report there on.
Financial management
Verify adequacy of policies and procedures and internal controls being implemented on the sourcing, utilization and custody of financial resources.
Tax health checks
Verify that the client has complied with relevant tax requirements and there is an adequate tax planning mechanism in place to avoid tax exposure and advice accordingly.
Risk Management
Assess the client’s ability to manage enterprise-wide risks and advice accordingly.
Compliance audit
Assess the extent of compliance to legal and regulatory requirements and advice accordingly.
Procurement & Contracting
Review adequacy of procurement policies and procedures and advice accordingly. Also review contracts entered into and ensure these are in the best interest of the client.
Human Resource Management
Review client’s human resource in terms of quantity, quality and extent of efficient utilization.
Asset Management
Review adequacy of policy in place for ensuring safeguard, tracking and accounting for all assets.
Compilation of audit file
Put together all audit evidence gathered during the audit exercise.
Review of audit file
The engagement partner to obtain assurance that all audit objectives have been met
Release draft audited financial statements and management report
To give the client’s management an opportunity to peruse the reports and give their feedback for consideration before the reports are finalized.
Release final audited financial statements and management report
Release of audited financial statements and management report incorporating feedback from client’s management.
