Accounting & Auditing

Second: Auditing

Financial Statements Auditing

• Financial statements being audited according to Egyptian and International standards along with all legal requirements. Preparing detailed auditing programs and procedures according to activity type and incorporation’s processes flow.
•  Our firm provides all client’s needs relating regular and final auditing process through the following phases:

1.  Auditing process planning.
2.  Evaluating system of accounts and internal monitoring .
3.  Testing Internal Monitoring systems (Monitor Tests) .
4.  Dealings and balances inspection (verification Tests) .
5.  Financial Statements comprehensive inspection and accreditation .
6.  Determination of points of weakness and exceptions of the system, providing •recommendations in that concern for the company.
7.  Preparing and accrediting Auditor’s report.

Internal Auditing:

Internal auditing process being undertaken for companies and incorporations as follows:

•  Verifying that the company follows basis, policies and plans made by the superior management.
• Recognizing malfunction aspects trying to overcome obstacles through showing our recommendation in that concern to enable the company achieving its targets in most efficient way.
•  Find out problems that may not be discovered by the superior management suggesting necessary recommendations to solve them.
•  Providing suggestions, advices and recommendations to the superior management in order to achieve the best from available powers and potentiality
• Inform project’s owners about the integrity of management and invested money and that the administrative department is working according to work plan approved by superior management.
•  Verifying the accuracy of current documents in the company either internal or external.
• Submitting regular reports to superior management simultaneously with works that shows deviations as soon as it occur analyzing reasons and providing necessary recommendations.
•  Achieve control and coordination between different departments, find out problems discovered through traditional ways of auditing trying to improve monitoring procedures.
•  Providing our recommendation relating rationalization of performance which lead to effectiveness and efficiency increase relevant to company’s work with internal auditing as an auxiliary tool providing complete confidence in all employees as an integral department for their work to avoid mistakes.
•  Internal auditing will be comprehensive for all dealings and activities in all administrative superior or inferior categories in the company.