AUDIT AND ASSURANCE
OUR APPROACH
At Ehsan & Co., our audit approach is designed to strike a balance between addressing the business needs of our clients and fulfilling our core objective: to express an independent opinion on whether the financial statements provide a true and fair view, in accordance with International Financial Reporting Standards (IFRS). We adhere to International Standards on Auditing (ISA) and focus on obtaining sufficient, reliable, and relevant audit evidence to support our opinion. Our approach is both flexible and tailored to each client’s specific needs, leveraging the expertise of our professional staff to maximize the effectiveness of the audit.
UR APPROACH COMPRISES FOUR KEY FACTORS:
1: Understanding the Client.
We thoroughly review the client’s business processes and requirements. We identify and assess the risks associated with the business.
2: Developing a Client Service Strategy.
Based on our understanding, we craft a tailored service strategy that balances the client’s business needs with our professional integrity and audit standards.
3: Translating Strategy into Audit Program.
We convert our strategy into a detailed audit program, ensuring it is both effective and efficient in addressing the key areas of risk and interest.
4: Drawing Conclusions
After executing the audit procedures, we analyze the results to draw appropriate conclusions, ensuring our final opinion accurately reflects the financial statements’ adherence to IFRS.
This structured approach ensures that our audit delivers highquality, relevant insights while maintaining the flexibility needed to adapt to each client’s unique circumstances.
IT & ASSURANCE SERVICES
Typically our aduit & assurance services include
1: External audit of financial statements as per local statutory requirements
2: Internal audit
3: IFRS reporting
4: Review of financial statements.
5: Agreed upon procedures engagements
6: Certifications and attestation under relevant laws
7: IT audit
8: Cost audits
9: Forensic audit
10: Audit of retirement benefit plans
11: Special purpose audits
12: Cost and management audit