Regardless of your size of business, all companies should appoint a statutory auditor to audit their financial statements under the Companies Act 1965. Currently there no exceptions to this requirements.
To regard an audit as merely compliance exercise would be to lose sight of the potential value that business can gain from a well-performed audit. It should be seen as an opportunity to obtain a high value added service that can help strengthen a business and in the process, in still greater confident in the Company by its stakeholders by rigorously examining the process and risks affecting the financial statements. Because of these benefits and the valued associated with the audited financial statements, it is no wonder that banks, creditors and investors often insist on audited financial statements before entering into a business dealing.
As auditors and assurance accountants our services are used extensively by business, government, and other non-profit organisations. The most common way for users to obtain reliable information is to have an independent audit performed on the financial statements prepared. Auditing also provides a tool for companies to improve operations and internal controls and thus ultimately reduce cost by promoting operational efficiency and reducing errors and frauds. We routinely provide statutory audit services to companies registered under the Companies Act 1965, Farmers Associate Act, Cooperation Act or Legal Profession Act. Other types of services provided are internal audit, management audit, operational audit, joint venture audit, forensic and due diligence audit.