First, we would like to refer to the entity, objectives and purpose of auditing before introducing the services rendered by the house in this branch of the profession. The main objective of auditing is to present the fair technical opinion about the justice and clarity of financial lists,
or balance sheets, and attachments prepared within the
framework of established accounting principles. This opinion helps evidence the credibility of the financial list. It's not suggested that opinion is a clear indicator for predicting the status of the project nor a proof of the effectiveness of performance.
Among the secondary objectives are detecting the cheating and substantial errors and abiding by legal conditions.
Beneficiaries from the Auditing Process:
1- Proprietors, to recognize the financial status and judge the efficiency of management,
2- Future investors, to expect the future financial status,
3- Lenders, to judge the degree of success of the project in settling debts,
4- Suppliers, to judge the weaknesses of management methods,
5- Workers, to ensure their shares in profits and the effectiveness of their performance,
6- Governmental authorities, including but not limited to the Tax Department to determine the tax bases.
Services rendered by the house to achieve the above objectives for all the beneficiaries from the auditing industry:
- executing a program for auditing the accounts of companies and establishments,
- scheduling of visits to be made by a group of House auditors to the establishment around the year,
- following the Egyptian and International auditing criteria,
- preparing the audit reports and handing them over to proprietors,
- evaluating the work of the financial group of the establishment,
- Other complementary activities to be identified during the auditing process throughout the year and applying most types of auditing according to work requirements.
© Copyright ehabnashed.com. All Rights Reserved. Designed by Palma Compu