
Statutory & Non Statutory Audits
We conduct statutory and non statutory audits on behalf of our clients. Statutory audits are audits required by law while non statutory audits are carried out at the instance of Management and owners of such business.
An audit involves performing procedures to obtain audit evidence about the amount and disclosure in the financial Statements. The procedure selected depends on the auditor’s judgement, including the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessment the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures and that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as the overall presentation of the financial statements.