Financial Statements Audit
An independent professional opinion on whether the financial statements are presented fairly, in all material respects.
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What you get
An independent professional opinion on whether the financial statements are presented fairly, in all material respects.
Overview
What is Financial Statements Audit?
Al Assaf & Abanmi Certified Public Accountants provides Financial Statements Audit to companies in Saudi Arabia.
External audit provides an independent opinion on whether financial statements have been prepared, in all material respects, in accordance with the applicable financial reporting framework.
The auditor seeks reasonable assurance that the financial statements as a whole are free from material misstatement, whether caused by fraud or error. Reasonable assurance is a high level of assurance, supported by sufficient, appropriate audit evidence; it is not an absolute guarantee.
When you need it
Is Financial Statements Audit right for your business?
It suits
- Companies requiring audited financial statements for shareholders or other stakeholders
- Boards and partners seeking independent assurance over financial reporting
- Businesses preparing for financing or investment decisions based on their financial statements
It addresses
- Uncertainty about the accuracy and fair presentation of financial statements
- A need for an independent professional opinion
- Risks of material misstatement arising from error or fraud
Scope of work
What does Financial Statements Audit usually include?
The final scope and deliverables are set in the engagement letter after reviewing your needs.
Understanding the business and applicable financial reporting framework
Assessing the risks of material misstatement
Obtaining sufficient, appropriate audit evidence under auditing standards and ethical requirements
Expressing an independent opinion in the auditor's report