Statutory Audits | Special Purpose Audits | Financial Statement Reviews | Agreed Upon Procedures.
Statutory Audits
Requisite:
Audit the financial statements of the company annually to comply with regulatory requirements
What we do:
Perform the audit as per the requirements of Sri Lanka Auditing Standards.
Issue an audit report with a reasonable assurance opinion as to whether the financial statements are free from material misstatements as per the applicable financial reporting framework.
Communicate internal control deficiencies identified during the audit to the management and those in charge of governance through a management letter.
Special Purpose Audits
Requisite:
Audit a specific component in the financial statements or a financial statement prepared according with a basis other than the applicable financial reporting framework.
What we do:
Identify correctly the framework applicable to the subject matter being audited and conduct audit as per the requirements set out by such framework.
Issue an audit report with a reasonable assurance opinion as to whether the subject matter is free from material misstatements as per the underlying framework.
Financial Statement Reviews
Requisite:
Conduct a limited review on the financial statements in a shorter time span than of an audit
What we do:
01. Perform the audit as per the requirements of the applicable framework.
02. Issue an audit report with a negative assurance opinion as to whether the subject matter is free from material misstatements as per the underlying framework
Agreed Upon Procedures
Requisite:
Need for a report of factual findings based on specified criteria
What we need:
01. Discuss with you and identify the requirements.
02. Agree on criteria to be evaluated and procedures to be performed.
03. Perform the engagement and issue report where we would state whether each criteria evaluated through our procedures have been complied with.