SERVICES
We are one of the leading proprietorship audit firms in Bangladesh, having been a trusted advisor to businesses in the region for nearly two years.
We have vast experience in providing a range of statutory and internal audit, governance, risk and compliance support services. Our audit services are focused, quality oriented and conducted with the utmost diligence and professionalism. We look beyond the numbers to interpret financial and operational data to identify potential problems, recommend and implement solutions and participate in long term planning and decision making.
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Financial Statement Audit
A financial or statutory audit is the examination of an organization’s financial statements and accompanying disclosures by an independent auditor, which results in the auditor attesting to the fairness of the presentation of the financial statements and corresponding disclosures. An audit of financial statements is an integral verification of any company’s accounting records and business controls, and its fundamental objective is to provide an independent assurance that management has, in its financial statements, presented a ‘true and fair’ view of a company’s financial position.
We recognize that to deliver an effective financial statement audit, it is imperative that we look beyond just the accounting entries to the underlying business activities.
More than a historical review, an effective audit can be a powerful tool for positive change. We advise you on the consistency and reliability of your financial information and provide you with recommendations for improving profitability as part of the audit process. Our professionally trained audit team will have an in-depth understanding of your business and your industry and will use state-of-the-art audit techniques to assess risk and focus their work on the key areas of your financial statements.
The knowledge that we build through our audit process is in turn used by us to advice on improving your business.
The key steps in a financial statement audit are:
- Planning and risk assessment
- Audit strategy formulation
- Collection of evidence (referred to as fieldwork which is usually carried out through two means of audit testing: substantive testing and controls testing)
- Review and preparation of draft report
- Finalization and completion
Review Services
A review is conducted when a lower degree of assurance than an audit is acceptable. Also, in order to reduce your risk for internal fraud, internal control reviews are critical. We review financial statements by conducting a battery of analytical procedures such as ratio analysis, comparison of your operating statistics to prior periods or perhaps to industry averages as well as other financial analyses deemed appropriate.
Agreed Upon Procedures
We are auditors and our audit firm in Bangladesh, as a part of its audit service, is often requested to perform audit procedures on specific areas of the financial statement without conducting a ‘complete scope’ financial audit. This often results in cost savings, and the scope of the audit can be tailored to the client’s specific objectives. However, the nature, timing and extent of the agreed-upon procedures might vary widely based on the requirement – usually, the client assumes responsibility for the sufficiency of the procedures based on their needs. In this type of audit, we would report factual findings and there would no opinion or assurances in the final report of the audit service.
Internal Audit
Our audit firm has substantial experience providing internal audit services to organizations of all industries and sizes. Our risk-based approach to internal audit transforms a traditionally tactile and reactive function to a more strategic one that impacts financial effectiveness & regulatory compliance, drives operational excellence and pro-actively manages risk.
We deliver internal audits that are risk-based, industry-specific and customized to the company’s operational size and structure. As a part of our internal audit service, we focus on first understanding the business and risks involved and concentrate our efforts to where they matter the most. Our risk advisory consultants have multi-industry exposure and specialized skill sets. They focus on creating sound internal controls while remaining committed to achieving tangible results and continuous improvements.
Why should you engage with us on your audit?
- We provide professional quality oriented audit services in Bangladesh.
- We are an audit firm with nearly two years of experience in the Bangladesh market.
- Our team consists of highly skilled audit professionals with many years of industry experience and advanced certifications in the industry.
- We are known for our ethical approach and sound values.
