Our Audit and Assurance Services Division isstrategically structured to respond to the diverse growing markets needs in thesphere we occupy and beyond.
We believe in the concept of specialisations for optimum quality in our services. Audit teams equipped with a high level of technical skills and empowered with professional scepticism provide the heart and soul of a good audit. It is true that, auditing principles, concepts and convention are the same, and perhaps universal but specific markets are governed by different legislations and apply different technology where by our auditors had been trained to contextualise the audit methodology. Therefore our Audit Methodology is aneffective audit tool that facilitates and enhances audit quality. It meets the standard of delivering quality, independent, integrity, rigorous audits reports for our clients. Tailored to the particular needs of the clients, aac:
1. Utilises a multi disciplinary approach with industry-experienced and tested teams with the knowledge, skills, and experience acquired to perform the engagement.
2. Emphasises the importance of substantive tests and procedures and effective risk assessment and control testing activities for audit evidences and trails.
3. Seek to meet all applicable national and international requirements, wherever we do business.
4. Provides a basis for a consistent audit approach.
It is worth saying that audit quality is vital for maintaining trust in the financial reporting process and to up hold the integrity of financial information, but also very true as a performance indicator and serves as the undisputable arbitrator to stakeholders in any organisation and therefore not just a mere statutory fulfilment.
To fully play this role, our auditors have been carefully selected from experienced and diverse business and academic backgrounds and are continuously trained to meet the challenges of the various markets.
Specifically our current portfolio cuts across our audit specialities covering virtually all the countries in Central and West Africa, including Nigeria as we as the Republic Democratic of Congo. In the Private Sector, we maintain a comfortable position and extremely skilful in the audit of banks, Micro Finance Institutions, Insurance, Aviation, Maritime, Forest, Petroleum, communication, commerce and manufacturing. our tendering machinery is robust, attempting all competitive audit bids in our market sphere and on the African Continent as awhole. Therefore, in the domain of audit, asah alpha consulting, Certified Chartered Accountants provides for your corporate or organisational needs thesespecialised services:
1.1 Statutory Audit
Companies and Corporations, formed by incorporation ,enactment through Presidential Decrees or by law are statutorily subject toannual audit. asah alpah consulting is qualified by law and meets all nationaland international standards to act in this capacity in Central and West Africaincluding Nigeria as well as RDC.
1.2 Contractual Audit.
Beside statutory audit, entities including those with existing statutory auditors could hire the services of asah alpha consulting, if they are in need of specific financial issues, cross audit, annual audit, bank accounts audits, suspends accounts, for a specific period of time that donot constitute a mandate. This type of audit engagement is recommended to every corporate entity especially banks, insurance and MFI where their statutory auditors are unable to apprehend shady and suspends accounts. NGOs, GovernmentsDepartments and Units, Donors Funded Projects and the Diplomatic Missions employ contractual audit in order to certified their annual stewardship function.
1.3 Internal Control
A traditional internal control function within acorporate entity from the quarter bakery, pharmacy and the giant Shipping Line could be very expensive and the best alternative is outsourcing for more efficiency and effectiveness. asah alpha & Co is equipped with modern internal audit tools to meet the demands of corporate entities, no matter size or nature of activity.
1.4 SME Audit.
This is the term applied by most funding financial houses and banks as pre-test for those SMALL MEDIUM ENTERPRISES seeking funding. Some donors organisations also applied this type of SME Audit to beneficiaries of revolving funds. With the falling standards in quality of certified financial statements of SME and PME most financial houses, banks and donors prefer to grant accreditation to Professional Firms of Accountants to perform their regular SME Audit. asah alpha & Co enjoys such patronage from financial houses, banks and donor organisations through out her network.
1.5 Forensic
Fraud or forensic audit include associating audit evidence with criminal investigation aim at presenting fraud report with the financial implication for judicial actions. Our inbuilt organisation guarantee satisfactory forensic audit services to corporate entities of all sizes and sphere of activity.
