Audit & Assurance
Audit & Assurance services involve the independent examination of financial information to ensure accuracy, transparency, and compliance with regulatory standards.
Audit & Assurance Service
Navigating the complexities of financial reporting requires a partner you can trust. At AccSense, we provide rigorous and insightful audit services, tailored to your unique business needs. Our experienced team delivers the assurance you need to make informed decisions and maintain stakeholder confidence.
Our Audit Approach: A Step-by-Step Guide
Initial Consultation & Understanding
We begin with a detailed discussion to understand your business objectives, industry, and financial reporting practices.
Risk Assessment & Planning
We conduct a thorough risk assessment to identify key audit areas and develop a tailored audit plan. Internal Control Evaluation: We assess the effectiveness of your internal controls to ensure accurate and reliable financial reporting.
Substantive Testing & Evidence Gathering
We perform detailed testing of financial transactions and balances, gathering evidence to support our audit opinions.
Data Analysis & Review
We analyze the collected data and review financial statements for accuracy and compliance with relevant standards.
Reporting & Recommendation
We prepare a comprehensive audit report and communicate our findings and recommendations in a clear, concise manner.
Post-Audit Support
We are committed to providing ongoing support and addressing any questions you may have.
Why AccSense is one of the best place for Annual Statutory Audit in Sri Lanka?
AccSense is the best place for your Small and Medium Business or Company in Sri Lanka. Here’s why:
Most Popular Questions
Auditing is the independent examination of financial records and statements to ensure their accuracy, compliance with laws, and fairness. Audits are typically performed by external auditors.
Assurance refers to the level of confidence or guarantee that an audit or review process provides regarding the reliability and accuracy of financial information. Assurance services are performed by external auditors to provide stakeholders with confidence in a company’s financial reports.
Audits provide an objective assessment of a company’s financial statements, giving stakeholders confidence in the accuracy of financial reporting. It helps identify fraud, errors, and areas of financial risk.
Audits are usually done annually or quarterly, depending on the company’s requirements or regulatory obligations.
- Auditing helps businesses ensure that their financial reports are transparent and reliable.
- Auditing ensures compliance with legal requirements, such as tax laws and financial reporting standards.
- Independent assurance gives investors and stakeholders confidence that the financial statements are accurate and free from material misstatement.
- Audits help identify risks and weaknesses in financial practices, improving internal controls and business processes.
