Audit and Assurance Services
Audit:
Organizations of all types and sizes now have a greater need for auditing services. Based on law and regulations, many entities are required to have their accounts audited. Users of financial statements are demanding more information to make their decisions.
ALDAR for Audit and Consultancy firmly believe that effective and efficient client service depends on the strength of the engagement team. Key factors of that strength are availability, experience, knowledge and commitment of the work team.
The role and scope of the audit have changed dramatically. For many companies, an audit provides the reassurance to the users that the accounts are fairly reliable. The user may be the shareholder, lenders, suppliers and others.
ALDAR for Audit and Consultancy team has the specialist skills to provide this service.
ALDAR for Audit and Consultancy represent a team of certified accountants with extensive experience in providing audit and assurance services to a wide range of organizations.
The key to an effective audit is:
- getting to understand the client business at an early stage
- reviewing the client business processes and financial and management systems
- testing the effectiveness of those systems
- discussing any problems and opportunities with client
- helping the client to implement agreed solutions
The audit process often identifies areas where further detailed work may be required. ALDAR for Audit and Consultancy auditing team can help you deal effectively with the financial issues you face.
ALDAR for Audit and Consultancy work hard to maintain high standards of professional practice, including a strong system of quality control that emphasizes independence and objectivity. We assign individuals at the appropriate levels of experience.
Compilation and Review Services:
Although an audit is the classic method of evaluating a company's financial situation, it is not necessary in many cases. Frequently a compilation or review of a company's financial statements is all that is needed. The cost of these services can be significantly less than the charges for a traditional audit.
Compilation Services:
A compilation is a presentation of financial statements and other information that is the representation of the management or owners. We do not express an opinion or give any other form of assurance. We read the statements and issue our compilation report on them.
Compilations are useful when clients need assistance in preparing their monthly or quarterly statements. A compilation is essentially what the company would probably do itself, if it had the in-house staff. Our team simply puts the client's financial information into statements appropriate for that particular industry. We do not establish whether these statements conform with IFRS or other standards.
Review Services:
A review is more comprehensive than a compilation. The accountant attempts to determine, through inquiry and analysis, whether a company's financial statements conform with IFRSs. Reviews are useful when clients, creditors or others need limited assurance that the financial statements require no material modifications.
ALDAR for Audit and Consultancy provides professional services around sectors and industries. Our professional experiences include:
- Manufacturing Sectors
- Merchandising Sectors
- Service Sectors
- Not-for-Profit Sectors