audit services

audit services

Audit Department
At our Financial and Tax Consulting Office, we offer auditing services for companies' accounts and financial statements. Below is a detailed overview of our service scope and the stages of the audit process:

First: Scope of the mission

Our office's primary objective when reviewing a company's financial statements is:

  • Ensuring that the financial statements have been prepared in accordance with Egyptian accounting standards, and within the framework of applicable Egyptian laws and regulations.
  • Providing an independent opinion on whether the financial statements accurately reflect the company's financial position and results of operations.

The audit process is carried out in accordance with recognized Egyptian auditing standards.

Second: Stages of implementing the audit work

The review process is divided into two main stages:

Phase One: Identifying and Evaluating Accounting Systems and Internal Control Systems

This stage includes the following steps:

  1. Full understanding of accounting systems

    • Studying the systems for preparing estimated budgets and understanding the reports prepared by the company.

  2. Evaluation of internal control systems

    • Conduct tests to ensure that the systems in place are working efficiently.

  3. Analysis of key financial items

    • Identifying the most influential items of the financial statements to direct primary attention towards them.

  4. Review of financial operations

    • Verifying the accuracy of accounts related to critical operations within the company.

  5. Management letter

    • After this stage is completed, a detailed report is prepared for management that includes observations resulting from the audit work, and recommendations related to performance improvement.

Phase Two: Reviewing the company's financial statements

Based on the results of the first phase of the review and evaluation of internal control systems, we determine:

  • The nature of the final review.
  • Timing and procedures for a comprehensive review of the company's financial statements.

This stage aims to ensure the accuracy of the company’s fin