General approach

We are committed to an approach that is partner-led, risk-based; focusing on identified significant risk areas to ensure that maximum comfort is obtained as to the true and fair view of the revenue accounts, the profit and loss account and the balance sheet figures. In this regard, we will:

• Perform, in conjunction with management, detailed evaluation of the business/operating risk;
• Carry out a detailed study of the accounting systems and operating procedures of the company;
• Identify key controls in the operating systems, and test for compliance.
• Verify recorded transactions for validity and completeness.
• Validate account balances and ensure proper classification and presentation of information in the financial statements.

2.2       Audit strategy / work plan

Within this framework, we would propose to undertake the audit in the following sequence: