Audit & Assurance
Audit & Assurance
We offer engagement to examine our client’s financial statements and to evaluate the fairness of presentation of the statement in conformity with international standards in Auditing which include a
review of the system of internal control and tests of transactions to the extent we believe necessary. We adopt a “Risk–based audit” approach which blends technical competencies with a detailed
knowledge of the client and their needs. We obtain an in-depth understanding of the risks associated with each operating cycle and focus. Under this banner we offer the following audit and assurance
services.
Statutory Audit / External Audit
Statutory audit provides the highest level of assurance. It is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.
Internal Audit
Internal audit is an oversight function, an independent appraisal activity established within an organization, and
provides assurance to the shareholders, board and management by reporting on;
- The effectiveness of the internal controls;
- Reliability of the management information systems;
- Management and control of the organization’s assets
- Compliance with applicable legislations and regulations.
We provide internal audit solutions which range from the total outsourcing of the internal audit function to
outsourcing its supervision or setting out an independent internal audit function. This is extended to advising
clients to make effective use of data mining tools and computer assisted auditing techniques.
Other Audit Services
- Performance or value for money audit;
- Special audits and investigations;
- Review and implementation of internal audit functions, including outsourcing;
- Review and implementation of Management Information Systems (MIS); and
- Inventory audits
- Conversion from SOCPA to IFRS
- System audits.
financial Audit Statement
Marafie consultants audit professionals —believe that independent auditors perform a vital role, acting as trusted intermediaries between the providers of business information and the users of that
information. In the wake of the economic crises and scandals in the
past few years, stakeholders want more transparency, which we are
committed to provide by changing the wav we operate, understanding their requirements and adopting Data & Analytics and new processes that enable us to make audit more relevant and raise the bar on quality.
Reporting Accountant Services
Reporting Accountant Services assist and provide guidance to clients during all stages of the listing process. We assist the clients in liaising with the sponsors and other advisors. In addition, we assist them in the sponsors’ financial due diligence. We also act as reporting accountants and advise them on accounting treatment, as well as in resolving issues raised by the regulators. We have professionals with extensive experience in public offerings, listings and private placements, both locally and internationally.
Other Assurance Services
Other forms of assurance and attestation reporting include internal
controls review agreed upon procedures report and other types of
self-reporting. Organizations have realized that financial statements
alone do not adequately communicate either opportunities or business
risks Furthermore, organizations require and can benefit from assurance that goes beyond the traditional external audit. As auditors, we can apply the same skills, rigor and robust challenge to many areas of your business that can be Quantified and measured, Independent and objective assurance on financial and non-financial information, transactions and processes adds credibility to an organization’s disclosure or reporting of information, particularly when such disclosure or reporting is not required by any law or regulation.