Management is responsible for preparing the financial statements, maintaining proper books of account, establishing internal controls, and making all information available to the auditor.

The auditor’s report covers an opinion on whether the financial statements give a true and fair view, whether books are properly maintained, and whether the accounting policies used are appropriate.

If the auditor cannot obtain sufficient appropriate audit evidence or finds pervasive misstatements, they may issue a qualified opinion, adverse opinion or a disclaimer of opinion.

Yes. If a company fails to appoint an auditor or produce audited financials, or misleads in its statements, regulators can impose penalties, demand rescinding of the statements or take legal action.

During audit, the auditor evaluates the effectiveness of internal financial controls and identifies areas of risk or inefficiency, offering recommendations to management.

 No. An audit offers reasonable assurance, not absolute guarantee. Limitations exist in audit procedures and the possibility of undetected fraud remains.

You’ll need your company’s financial statements, books of accounts, ledger schedules, internal control documentation, list of auditor communications, board resolutions and prior audit reports.

Timelines vary based on company size, complexity and readiness of records, but for a typical mid-sized company audit may be completed within a few weeks after year-end once records are finalised.

We combine deep technical expertise, industry best practices, timely execution and clear communication—so you get the audit done accurately, efficiently and with assurance for your stakeholders.