Scope of Work
- Audit planning, materiality and risk assessment
- Testing of balances, transactions and disclosures
- Evaluation of estimates, controls and going-concern considerations
Independent Audit
Statutory Audit
An independent examination of financial statements in accordance with applicable requirements.
A statutory audit evaluates whether financial statements are prepared, in all material respects, under the applicable financial reporting framework. The work is planned around business risks, material balances, significant transactions and management judgements.
Principal Deliverables
- Independent auditor's report
- Audit findings and adjustment schedule
- Management letter where appropriate
Advisory Perspective
Stakeholders receive independent assurance and management gains a clearer view of reporting and control matters requiring attention.
Scope, timing and deliverables are agreed according to the organisation's records, reporting environment and decision requirements.
Discuss Statutory Audit
Speak with HLM about the information, controls and outcomes your business requires.