Audit Approach
A four-phase methodology built on ISA principles, adapted for the size and risk profile of each client.
Acceptance
Before any engagement begins, we assess whether we can take it on with full independence and competence. This includes a client risk assessment, conflict-of-interest check, and preliminary scoping discussion. The engagement is formally accepted through an engagement letter that defines scope, responsibilities, fees, and timeline.
- Independence confirmation
- Preliminary risk and complexity assessment
- Engagement letter signed by both parties
Planning
We invest significant time in understanding your business, its environment, and the risks that matter. Materiality thresholds are set, key audit areas are identified, and the overall audit strategy is documented. Planning determines where effort goes — reducing both audit risk and unnecessary burden on your team.
- Business and industry understanding
- Risk of material misstatement assessment
- Materiality determination
- Audit program and testing plan
Execution
Fieldwork is conducted against the planned audit program. We combine tests of controls with substantive procedures, focusing on areas of highest risk. We keep you informed throughout, raising significant findings as they emerge rather than at the end. All evidence is documented in structured workpapers.
- Tests of controls and walkthrough procedures
- Substantive analytical procedures
- Detailed testing of balances and transactions
- Continuous communication with management
Reporting
Findings are reviewed, evaluated, and discussed with management before the final report is issued. The auditor’s report provides our formal opinion on the financial statements. A management letter summarises significant observations, control weaknesses, and recommendations — giving you practical value beyond compliance.
- Findings discussion with management
- Auditor’s report (statutory opinion)
- Management letter with recommendations
- Signed audit documentation retained per ISA requirements
Start a conversation
Tell us about your company and audit timeline. We will come back within one business day.