Audit & Assurance

The purpose of periodic external audits is to enable the auditor to express an opinion on the financial statements of the company that are prepared by the company’s management and presented for audit. External audits are usually carried out for statutory purposes in compliance with the prevailing law and can be conducted only by registered audit and accounting firms. Regular communication with our clients ensures quick resolutions to matters of all types, thus ensuring issues do not become problems, leading to delivery of desired results. Our trusted external auditors work side by side with your business to mitigate risks, improve operations and ensure compliance with regulations.

The new standards could have a significant impact on financial statements. They require the management of an entity to apply complex judgement and could involve significant modification to the way in which accounting data is reviewed. The management of an organization is required to assess the potential impact these standards could have on the financial statements of the organization and be prepared for the challenges that they may face due to the changes. Digitsing the potential impact of these standards on your organization.

We provide guidance in our audit processes which include:
1. Modifications to the systems and processes for the smooth transition to the new standards
2. Assist in understanding the provisions of the standards as applicable to your organization for further improvements.

This service can also be provided on a stand-alone basis.

In a complex and fast evolving business environment, internal audit is a third line of defense in the governance and operations of an organization, audits can play a crucial role in helping organizations achieve their strategic objectives. Organizations that effectively use internal audits are well placed to identify emerging business risks, operational inefficiencies, take remedial measures and undergo continuous improvements in the business processes. Internal auditing provides insight into an organization’s culture, policies, procedures, and aid board and management oversight by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with relevant laws or regulations.

Digits Consultancy leverages our experience in internal audits to be a trusted business advisor. Our multi-disciplinary team has expertise in financial and operational audits, business process reviews, risk assessments, IT control reviews, etc.

Enterprises need to commit themselves to having an honest look at business practice improvements. Businesses that fail to do so often experience business stagnation and difficulty in enhancing the overall business performance. Adopting a methodical approach is one key to not only get ahead of competition, but also set new industry benchmarks. Business owners and organizations’ senior management need to be cognizant of the opportunities that a periodic qualitative assessment of their business practices can present. Our team of experts will enable organizations to develop a clear view of the current state of their business processes and help them identify areas of improvement. At the end of an assessment, we provide a report detailing our findings and propose a way forward towards building a more capable, effective, and responsive system.

Knowledge and understanding of the business that is being considered for acquisition or investment can be considered as one of the most important factors in making the right choice. We are experienced in due diligence to cover areas such as;

Our forensic audit team provides high-quality investigations on various financial matters, including financial frauds. Our wide industry exposure allows us to investigate deeply into all the accounting and other financial records, ask the right questions, assess the fairness of any claim or report, and draw meaningful and valid interpretations for the management teams.