Audit and Assurance

Our audit and assurances service offerings are based on a complete understanding of the clients’ business specifics, industry peculiarities and the applicable laws. The audit approach is based on the compliance issues, the nature and requirement for audit, the clients’ requirement and key risk issues involved. Our audit and assurance solutions range from statutory audits, internal audits, tax audits, transfer pricing audits, management audits, concurrent audits etc. The audit deliverables range from reporting for statutory compliances to enhancing the client’s business financial and operational performance.

We understand that each client has a different definition of “value” when receiving audit services. To ensure you receive the value that is most critical to your stakeholders, we begin our work by gathering a highly qualified team. The team will be comprised of dedicated audit professionals who understand your business as well as your industry, and may also include firm specialists. Finally, your team will be supported by a responsive Quality Assurance Partner from the office to provide guidance if any complex issues arise during the audit. Together, this team not only delivers a high quality audit to stakeholders, they will also take the Career to provide additional value to your business by providing insights and observations about topics important to you – insights which may lead to new ways of thinking, performance improvement, or efficiencies. You can be confident that at BLC we believe every audit should provide additional value to you and your teams.

Our Audit methodology :

Five Step Audit Process

Planning

We obtain our understanding of your operations, internal controls and information systems. We plan an audit timetable together.

Risk assessment

The knowledge gained from planning is used to assess financial reporting risks. We customise our audit approach to focus our efforts on key areas.

Evaluation of internal controls

We evaluate the design of the controls you implemented over the financial reporting risks. We identify areas where our audit could be more effective or efficient by taking an approach that includes testing the controls. We provide you with information about the areas where you could potentially improve your controls.

Audit testing

We perform tests of balances and transactions. We use technology and tools, including data interrogation tools, to perform this process in a way which enhances effectiveness and efficiency.

Concluding and reporting

We conclude on the sufficiency and appropriateness of our testing. We finalize our report and provide you with our observations and recommendations.