AUDIT & ASSURANCE



What is Audit & Assurance?



The business landscape is changing. Audit has matured as a function and many organizations see it playing a vital role in assisting management in the effective completion of their duties. It is no longer limited to financial issues, but has also grown to cover business and operational issues as well. Audit & Assurance is about much more than just numbers, it is about establishing strong foundations for future endeavours.

Being an entrepreneur it is sometimes difficult to keep track of the financial side of things. This is where KAN Global comes in, we help you clearly understand the workings of your business and highlight any possible weakness in your control system that can be exploited. Our team provides quick and efficient responses to client needs. Using a risk based audit approach, we verify the financial accuracy of your financial statements in addition to focusing on analysing and managing of risk. Regular auditing will ensure your company is always in compliance, operating efficiently and one step ahead of the competition.



How can Audit & Assurance Services help me grow?



Greater Operational Efficiency



Audits can help you identify your organisation's weaknesses, and help correct any deficiencies and achieving your objectives in a quicker and more streamlined way.



Early Detection of Fraud



With a concurrent audit, your financial information is verified on a continuous cycle this makes it much easier to detect frauds early.



Robust Internal Controls



Having your Financial Statements audited can lead to robust internal controls. When assigned an audit, auditors must ensure that the controls put in place by the management cannot be misused by the staff of the organisation.



Provides Credibility to Financial Statements



If you are seeking to raise finance or sell your business in the future, providing audited accounts gives security that your accounts are free from material error or malpractice, making you more likely to be successful in achieving your goals.



How it works.



At KAN Global, our professionals will work with you to plan and design financial statement audit engagements. This process is designed to minimise disruptions to your personnel and operations, while still adhering to professional standards. Here is a brief overview of our process.



1



Understanding the client profile



Before we start the assignment, understand how a client functions, the industry they work in and other idiosyncratic factors.



2



Highlight potential problem areas



We pinpoint the areas where the internal check and control systems are weak and come up with valuable inputs as to how to address the weaknesses and improve controls.



3



Drafting detailed final report



Providing observations and recommendations to improve processes and controls and providing insight on how to effectively implement these recommendations.



4



Ensuring you are on the right track



Lastly, we do not leave you hanging. We ensure you understand the underlying impact of any potential problem areas and advice you for the same.



Our Solutions


INTERNAL AUDIT
STATUTORY/EXTERNAL AUDIT
CONCURRENT AUDIT
FORENSIC AUDIT
DUE DILIGENCE SERVICES
RISK ASSURANCE

KAN GLOBAL CHARTERED ACCOUNTANTS



P.O. Box 25368, 301-d, b62 building, aL MAKTOUM STREET, DUBAI