Audit and Assurance
The importance of Audit and Assurance services to organisations today cannot be overstated. From meeting statutory obligations to giving your stakeholders confidence in your business, routine audit and assurance services has become an inevitable activity for every organization.
At Kiige & Associates , we do not only flag out the problems in your financial statements and internal controls, but we also ensure that we advise you of developments in accounting and auditing standards at the earliest opportunity, so that their impact on your business can be assessed and discussed.
Statutory Audit
Statutory audit provides the highest level of assurance. It is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatement.
Inventory Audit
Inventory is generally considered a high risk account balance because it has a direct impact on profit. For companies whose principal activities are mainly trading, import or export of goods and manufacturing, there will be high volume of inventory movements which creates the risk of misstatement of these account balances.
Our vast experience in this field has enabled us to conduct Inventory Audits to our clients in the manufacturing and trading sector as well as companies in various fields of industries.
Grants Audit
The objectives of the Grant Audit are to ensure that the donor activities have been carried out in terms of the grant agreement. We have in the past responded to the donors by ensuring that we have a reliable and competent team that is able to respond within the shortest time to the terms and conditions of such audit.
Information Technology(IT)Systems Audit
The use of technology has evolved from the automation of structured processes to systems that are truly revolutionary in that they introduce change into the fundamental business procedures.IT System Audits involves:
- Understanding of clients businesses, assessments of strategic business risks and IT
- Review of the Information System for its efficiency and effectiveness in value.
- Review of the integrity, reliability and viability of the information System.
- Undertaking reviews to ensure that controls put in place mitigate IT risks
- Reporting to the management on findings and recommendations.
Information Technology(IT)Systems Audit
The use of technology has evolved from the automation of structured processes to systems that are truly revolutionary in that they introduce change into the fundamental business procedures.IT System Audits involves:
- Understanding of clients businesses, assessments of strategic business risks and IT
- Review of the Information System for its efficiency and effectiveness in value.
- Review of the integrity, reliability and viability of the information System.
- Undertaking reviews to ensure that controls put in place mitigate IT risks
- Reporting to the management on findings and recommendations.
Forensic & Fraud Audit Services
Today, fraud is more sophisticated and devastating than ever. Modern fraud has become more complicated requiring a special skill to be able to unearth, build a compelling case where needed and mitigating risks.
We recognize that every fraud is unique, as each fraud has its own set of facts and details. We seek to understand the nature of fraud and design our work approach and programs specific to the nature of fraud as well as the objectives and scope of the investigation audit and procedure to be performed.