Financial statement audit

Financial statement audit

Financial statement audits play a critical role in creating and maintaining investor confidence and can unlock valuable insights into the business.

Financial statements audits play a critical role in maintaining investor confidence.

The firm鈥檚 audit approach is based on understanding the client, including the industry in which they operate, its organizational structure and its internal control processes.

Accordingly, the 乐鱼(Leyu)体育官网 audit process does not consist solely of verifying data in the financial statements with supporting documentation. It also includes analyzing the client鈥檚 business risks in its business environment. 乐鱼(Leyu)体育官网 audit teams examine the objectives of the business and its strategy, and analyzes its business processes, their inherent risks and related internal controls.

Our audit practice provides auditing services to a large number of companies, ranging from startups to multinational corporations operating in Sri Lanka. We create specific areas of specialization and exploit economies of scale.  

Industry experience

We add value by focusing client鈥檚 attention on risk points and highlighting leading practice ideas for improving controls. Our audit teams specialize in the sectors in which the clients operate. Our methodology is based on industry-focused services. This enables the firm to provide quality professional services, while ensuring uniformity and consistency.

How we can help: 

  • A customized auditing plan aligned with client needs. The firm鈥檚 business structure and special areas of focus facilitate the preparation of a customized auditing plan for each client. This process helps us to provide:
  • An effective and focused auditing approach 鈥� focusing on genuine risks makes it possible to focus on those areas where financial statements are exposed to the highest risk, while saving resources in other areas.
  • Added value for the client 鈥� analyzing business process and examining
    risks and controls enables audit teams to spot both weaknesses and
    possibilities for improvement in the various business divisions, adding value for the client. 
  • Quality control 鈥� improving the presentation of the financial statements and accompanying notes to more accurately reflect the business financial position and the results of its operations.

 

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