AUDIT & ASSURANCE

An External Audit is a periodic audit conducted by an independent qualified auditor with the aim to determine whether the accounting records for a business are complete and accurate. It is also done to ensure that the statements accurately represent the organisation’s financial position and are prepared in accordance to the set laws.
An internal audit is the examination, monitoring and analysis of activities related to a company’s operations, including its business structure, employee behavior and information systems. Audits are important components of a company’s risk management as they help to identify issues before they become substantial problems

Performance audit is an independent assurance service that provides assurance on the performance of projects, programs, activities and functions in terms of economy, efficiency and effectiveness but also in respect of environment and equity aspects. The aim of a performance audit is to provide recommendations about where and how improvement can be made and to identify the likely impact they may have.The monitoring process consists in a continuous and systematic follow up of the outcomes generated by converted inputs. Results of this process are quantified and generate feedback on an adequate application of measures helping to correct gaps with set objectives.

Fraud is one of the biggest and most damaging risk businesses face. The headlines are full of organisations both in the private and public sectors affected by fraud, irregularity or other wrong-doing – either as victim or accused.The impact can be enormous. As well as financial loss, organisations face reputational damage, disbarment from tendering, personal embarrassment and so on.

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