Best Auditing Services Providers

Auditing services help companies ensure their accounting records are an accurate representation of the transactions that they have made. Auditing services assist companies with constructing compliant financial statements and communication with banks, investors/shareholders, and other financial partners that their finances are in order. Auditing services are most commonly implemented in a company’s finance and accounting departments. Auditing services can often be supplemented by financial consulting providers, bookkeeping services providers, and tax services providers.

To qualify for inclusion in the Auditing Services category, a services provider must:

Perform analytical procedures on expected or unexpected variances in account balances or classes of transactions
Communicate with management and gain an understanding of the organization, its operations, financial reporting, and known fraud or error
Confirm accounts receivable and other accounts with a third party
Construct compliant financial statements and communication with banks, investors/shareholders, and other financial partners

In Internal Audit, We Specialize In The Following Key Areas:

  • Internal Control Outsourcing / Co-Sourcing
  • Internal Control Manual Development
  • Internal Control Implementation
  • Strategic Performance Reviews
  • Gap Analysis
  • Accounting Manuals Development
  • Inventory and Fixed Assets
  • Verification Assignments
  • Pre-Audit Assignments
  • Training and Coaching about internal auditing

Internal Audit definition not only deals with providing assurance services but also emphasizes the need for adding value to your business and strengthen operations and processes. A strong, strategic Internal Audit framework integrates compliance, controls, and sophisticated risk management with your mission, vision, and stakeholder expectations. As such, it can help you shape a new governance and risk paradigm — anticipating issues, increasing your effectiveness, eliminating duplication, and identifying areas of potential performance improvement. With our strong capabilities, we offer flexible, scalable, and sophisticated solutions to address your unique needs. The Internal Audit benefits that can be reaped are as follows:

  • Compliance with laws and regulations: One of the most important reasons for an internal audit is to ensure that the company meets statutory industry requirements and regulations.
  • System Improvement: An internal audit evaluates the control environment of the organization, therefore it is often in a better position to suggest improvements opportunities to enhance efficiency and effectiveness of the organization systems and processes.
  • Improved financial reliability and integrity: An audit ascertains the accuracy of controls in place to ensure accurate processing of data to produce financial statements with income, expenses, assets, and liabilities. This information gathered can help with future financial planning, decision-making, and budgeting.
  • Accountability: Internal Audit increases accountability within the organization and improves the management of internal control within the organization.
  • Risk assessment – This includes assisting management to identify, assess, and measure risks that exist in the business processes and evaluate their impact and likelihood.

Our team of internal auditors shall complete the project based on understanding and discussions with the management of the Client regarding their expectations from the Internal Audit function. Our internal audit checklist comprises of the following key elements:

  • Risk Assessment
  • Identifying the Risk Appetite of the Organization and Key Risk Indicators (KRIs)
  • Internal Audit Plan
  • Analytical and substantive testing procedures.
  • Identifying control weaknesses and recommending remedial actions for identified weaknesses.
  • Periodic internal audit report to the top management of client
  • Follow-ups with management action plans.

Call us today at +92-300-8687859, +92-42-35960296 for a FREE consultation regarding the Internal Audit in all over the Pakistan. Our Lawyers / Consultants will assist & provide you with the best Internal Audit Services.