Audit & Assurance

Audit and Assurance

In the complex world of modern business, the significance of auditing and assurance services has become increasingly paramount. These services are essential not just because of compliance but also because they improve confidence in financial reports, ensure operational efficiency, and safeguard against risks.

Auditing has been part of our lives since ancient times, but it has significantly evolved over the centuries. Now, auditing and assurance services have expanded, along with financial accuracy, encompassing aspects like risk management and regulatory compliance. Moreover, the evolution of these services has been further shaped by the global business landscape. The global business landscape made it more dynamic and integral to business success.

This is the reason we at IJEWERE & CO through our wealth of experience have developed expertise in this area (Auditing and Assurance services) for Private Companies, Government Institutions, Oil Service Companies, Not-for-profit Organizations (NGOs), Stock Brokerage Firms, Pension Administrators, etc. and have displayed winsome professional minds on technical matters that require judgment and opinions.

We are proficient in both manual and computer-based accounting systems reviews, auditing & assurance depending on the client’s method of record keeping. In order to ensure that services delivery is of the highest quality, our Audit and Assurance Department is well staffed with competent and qualified professionals who are supervised by Partners of the Firm. We currently use CaseWare as our audit support tool.

Our audit and assurance service is based on seven elements that ensure value addition, quality, rigor, relevance and the highest level of professionalism.

These elements are:

• Client acceptance process & independence affirmation
• Deep understanding of business environment, operations and relevant risks
• Relevant risks distilling and adoption of corresponding audit strategy and methodologies.
• Proper scoping of audit focus and deployment of competent delivery teams
• Robust sample selection and appropriate level of substantive and compliance audit testing
• Meeting applicable national and international standards and regulatory requirements
• Extensive Quality review and appropriate audit conclusions

Here are the key services we render under Audit and Assurance Services:

1. Statutory Audit
2. Internal Audit
3. Compliance Audit
4. Operational/Process Audit
5. Information Technology Audit
6. Forensic Audit
7. Special Purpose Audit
8. Reporting Accounting
9. Review Engagements
10. Agreed-Upon Procedures (AUP) Engagement