Auditing services

Overview

At PwC we have invested substantially to develop a disciplined, standardised methodology to drive audit quality and objectivity. All of our professionals are trained in the same methodology, ensuring the consistently high standards you expect of our firm.

To privately-owned companies we offer the services of trusted business advisors - dedicated staff that are trained and experienced in working with owner-managed and/or family-controlled organisations. Your trusted business advisor approaches your audit from a different perspective since the audit of a privately-owned company is usually conducted in a less complex environment than that of a corporate organisation. Through your trusted business advisor we offer you a “one stop” solution and access to all our services including tax planning, legal advice and a myriad of business advisory services.

We also offer industry expertise and sound working knowledge, best practice and benchmarking opportunities within specific industries. Our high-quality, risk-based audit approach will provide the basis for a meaningful advisory role. Our approach also relies on the support of information system specialists from our Performance Improvement service offering.

How we can add value

Adding value through our audit service

In performing your audit, we will strive to go beyond a financial statement opinion to help you identify and manage your risks – control, compliance and operational – as well as generate value-added ideas and solutions. Your relationship with your trusted business advisor ensures that we add value to you at all times.

We will:

Focus on understanding your strategic business plans and operational processes in addition to the financial statements

Perform a thorough risk assessment to develop the audit plan

Develop an audit that builds on a growing understanding of your internal controls, policies and procedures, recognising the importance of internal controls

Include industry and subject matter experts in the audit process as part of your service team

Assess your financial statement compliance, and

Emphasise continuous and open communication with management.

Our approach will:

Be controlled centrally by your trusted business advisor to ensure an effective process

Evolve with your business, responding quickly to changes in risk profile and organisational structure

Challenge your people, including those outside of the finance function, reinforcing their responsibility for the integrity of the financial information on which you depend to run the business

Provide assurance, confirming that effective management and governance are in place and that key systems and controls are operating effectively, and

Be forward-looking, providing feedback that is relevant to the way you run the business.