Audit that transcends regulations to delivering organisational value and complementing the governance function
Companies’ regulations require audit on their annual financial statements, so they engage auditors to meet this compliance requirement. Can audit be of value beyond compliance? The value of an audit can be far more than checking off the checkbox based on the following:
- Auditors’ attitude and approach to the audit
- Management attitude and expectation set for an audit
- Auditors’ diligence in carrying out an audit.
Statutory audit can be a burden to management if the audit is perceived as merely checking off applicable laws required to be complied with. Yet the work of the auditor can be beneficial to management if management accepts audit as complimentary to their work. This is so because violations of laws found by the auditor can be remedied if possible or avoided in future. Then, the auditor’s opinion adds credibility to the organization’s financial reports.
KKGO audit supports clients in financial statements audit for compliance and other requirements. We cover private and public companies audit under our private sector audit, and governmental organisations in our public sector audit.
Our audit focuses on helping management know the controls, laws, and standards for which the organization is compromised, and advising remedial actions to be instituted to prevent a reoccurrence.
We deploy innovative tools in our audit for efficiency. Our audit team commits to detailed and thoughtful audit processes beyond the requirement of audit standards and regulations.