Assurance Services

Assurance Services are defined as independent professional services that improve the quality or context of information for decision-makers and stakeholders.
Businesses use assurance services to increase the transparency, relevance, and value of the information they disclose to the market and their investors.
At Warba CPAs, we apply our understanding of your business and the strength of your accounting and control systems to ensure that the audit is focused on the key risk areas.
We use the latest audit tools and procedures to deliver robust and efficient audits in compliance with the highest professional standards of technical excellence, independence, and ethics.
We apply a risk-based audit methodology that is aligned with International Auditing and Assurance Standards (https://www.iaasb.org/) and is updated regularly to obtain new technical data and guidance on best practices.

Here is a brief overview of the audit and assurance services we can offer:

Financial statement audit

Financial statement audit includes examining of the financial reports for an entity in order to determine whether the information presented reflects the financial position of the entity at a given date. An audit aims to identify material misstatements in the financial statements. It also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation.

Review of financial statements

A review provides limited assurance rather than a reasonable amount of assurance, so in simple terms, Review reports on the plausibility of the financial statements. A review on the other hand provides only limited assurance. It involves less detail than an audit and involves more enquiry of management/staff and analytical review work rather than substantiating balances.

Operational audit

As a part of our operational audit services, we systematically evaluate the organizational activities, internal procedures, and processes. We also prepare the operational audits report. This type of internal audit services is undertaken to optimize the resources available. It also helps to streamline the business processes by minimizing waste and maximizing profits is also considered. It is similar to other audits because it also looks after the overall functioning of an organization by bringing the ethics and principles into picture.

investigative audit

Whenever there is an unusual, suspect or fraudulent activity going on in an organization, it calls for an investigation into the matter. This kind of an investigation is termed as investigative audit. It involves the thorough scrutinizing of the financial records of an organization, in order to trace the suspect and his/her assets. The basic objective of an investigative auditing is to identify the suspects, determine the financial irregularities, obtain substantial evidence against the suspect, and provide suitable recommendations for the prevention of such frauds in the future.

Request Service

Developed With In WeOryx