Auditing Support
Auditing is a legal requirement for all business issues. Top Focus adds value to audit and warranty services. Audits require appropriate technical, legal, and compliance knowledge that can be provided through a professional auditor. Top Focus works closely with our customers to provide tailor- made services to meet their unique requirements. Our customers range from SMEs to multinational companies ranging from manufacturing to service. Our real- time experience, significant knowledge and expertise ensures that all audits are conducted in accordance with national and international standards.
The most important steps in the annual audit are:
- Planning and risk assessment.
- Audit strategy formulation.
- Collection of evidence through substantive testing and controls testing.
- Review and preparation of draft financial statements.
- Finalization and report submission to the management.
STATUTORY AUDITS
- Ensuring that your financial statements are prepared as per IFRS.
- Analysis of performance and Guidance through management reports.
- Transparency in the data runs assurance to stakeholders regarding the health of the company.
- Audit Reports enhances the fidelity of published financial statements.
- Efficiency in such reports ensures the management and regulators that they have performed their statutory duties appropriately.
- They provide an understanding of the ability of internal controls and maybe applied during scenarios of mergers and acquisitions.
INTERNAL AUDITS
- Exhaustive analysis of internal controls and accounting policies.
- Regular reports on the performance of the company.
- Corroborate transactions with respect to the companies’ policies & procedures.
- Ensures early detection of fraud and provision of corrective procedures.
- Reports for the financial Lenders as per the company requirement.
DUE DILIGENCE AUDITS
- Conducting a due diligence audit lets you know in advance if a business is worth an investment of your time and money. These are done during scenarios of Mergers, Acquisitions, Privatisation, etc. A professional business appraiser is very important to help you with this task.
- Reviewing the financial and corporate documents gives you a complete picture of the company.
- Verifying the details of the financials physically. Obtaining copies of current business licenses and operating permits.
- Compare the financial ratios against industry norms to get an idea of how the business stacks up sales and services.
- Environmental and other legal compliances are also tested to ensure smooth working of the business.