Audit and financial reporting begin with understanding the business cycle and the data behind the numbers, then assessing whether the records, evidence and policies support a reliable view.
Where the review begins
We understand the activity, systems and financial cycles that affect reporting, then identify risk areas and accounts that require deeper attention.
Review focus
- Understanding the accounting cycle and internal controls.
- Reviewing balances, reconciliations and supporting records.
- Analysing material balances and unusual movements.
- Preparing or reviewing reports and financial statements within the agreed scope.
A clear output
The objective is an organised review file and findings that can be discussed, with observations separated from the actions required to resolve them.
The scope of audit or review work depends on the engagement, the period and the information available.