Auditing of financial statements

Once risks are identified and assessed, a plan for the completion of the audit can be made. In this phase extensive testing, interviews and analysis are conducted. The aim is to accomplish an effective audit that will give trust in your financial reporting, to enter into a dialogue with the client about the quality of internal controls efforts, and ownership and management structures.

The result being that we can provide constructive feedback to improve the internal control of the company and thus increased value creation for you.

The audit of the financial statement is a continuation of the work we did in the interim phase. In this phase we, to a greater degree, emphasize on for instance the value of assets in the balance, and a final decision is made to whether the figures in the financial statement gives a true and fair view of the business over the past year. The phase is recognised by a constructive dialogue with management about the reasons for, and documentation of the various items in the financial statement.

The work results in a conclusion where the auditor gives his or her opinion on whether the contents of the final annual report are in accordance with relevant laws, regulations and standards.