Audit & Assurance

We provide our clients with Assurance services as an independent professional service provider.

a) External Audit Services
We will conduct our audit in accordance with Sri Lanka Auditing Standards (SLAuSs). Those SLAuSs require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

b) Internal Audit Services

Our audit will be conducted on the basis that management and, where appropriate, those charged with governance acknowledge and understand that they have responsibility towards better internal controls and the overall attitude to internal controls and their importance in the business create an environment or culture within your business. Further we believe that the people are made aware of the environment through words and actions and all are aware of these critical aspects of internal controls including the following;

  • The concept of internal controls
  • The benefits/aims/objectives of internal controls
  • Limitations of internal controls
  • Consequences of not adhering to internal controls
  • Fraud protection
  • Identifying weak internal controls
  • Benefits of good internal controls

On completion a Management Letter to the Board of directors will be issued that will contain significant audit findings, if applicable, that may include material weaknesses noted during the performance of the audit. If applicable, any errors or irregularities reported by or any recommendations will be included.

c) Management Audits

A management audit will provide the management with a systematic assessment of methods and policies of an organization's management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement. The basic objectives of a management audit are to, establish the current level of effectiveness, suggest improvements, and to lay down standards for future performance.

d) Business Risk & Fraud Risk Assessments

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