An annual audit event is more than a control procedure or a statutory obligation. It is also an opportunity to provide you with updated insight into your business and insight that could identify potential threats or opportunities that can factor into your plans. We make thoughtful recommendations allowing you to better manage your business.
Audit quality is of fundamental importance for maintaining trust in the financial reporting process and the integrity of financial information. The experience of audit teams, covering many industries and service sectors, enables them to focus on key areas of risk, adequacy of internal controls and potential areas of fraud.
All our audits begin with a full assessment and understanding of the client's business and operations.
This allows us to provide constructive suggestions for improving business strategies, management information and controls. Our examinations are based on statutory requirements and local auditing practices and our procedures comply with the International Standards on Auditing.
Internal auditing is a profession and activity involved in advising organizations regarding how to better achieve their objectives. L. K. Shah & Co. provide businesses with risk management advice and support, drawing on the resources, expertise and experience. The benefits that will enhance to the client's management from the internal audit service may include, but not be limited to, the following:
Sound advice on operations, performance and internal controls
An assessment of whether the procedures adopted comply with the envisioned policies
An assessment of whether best practices are being implemented throughout the organization