Financial Management and Financial Audit

We implement a good governance which is essential for organizations to be transparent, accountable and socially responsible. Good governance ensures that sound decisions are made at the right time about the right things, based upon a good understanding of the exposure to risks, and assurance that the information upon which the decisions are being made is reliable. Our risk assurance professionals combine expertise and leading technologies to improve visibility into risks and the internal controls. 

Today, good governance, pro-active risk management and effective internal controls are more important than ever for businesses. Increased transparency and insights into your governance, risk and compliance can help you create a more efficient and effective business and improve overall performance.

We ensure International Financial Reporting Standards, a set of accounting rules for the financial statements of companies that are intended to make them consistent, transparent, and easily comparable around the world. 

Today IFRS is a global reporting language. The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows. 

IFRS specifies how businesses need to maintain and report their accounts. Created to establish a common accounting language, the goal of the international financial reporting standards is to make financial statements consistent in different industries and countries. IFRS Summaries provide introduction to each standard in issue and a quick reference source of key requirements.

IFRS has a lot of advantages, for instance improved financial reporting and tax planning, improved day-to-day operations and financial controls, better managed resources, lowered cost of capital and so on.

Pkf provides examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The auditor's report must accompany the financial statements when they are issued to the intended recipients.

The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business.

We suggest you a true and fair view of financial performance. The auditor ensures that the statements are in accordance with the framework of filing after a thorough check of the statements of the company. We strongly believe that our professional auditors perform the valuable role of being a trusted intermediary between the providers of business information and the users of that information.

Assurance is a professional service provided with the aim of improving the quality and transparency of information. It is the process of analyzing and using it to assess accounting entries and financial records. It also reduces the chance of problems that occurs due to incorrect information. Assurance service with our audit work to ensure that the company or an organization follows the guidelines, rules, policy and provides both internal and external confidence for financial statements.

Our assurance service checks financial reports per accounting standards and accounting principles. Assurance is applied to assess the process, the procedure, and operations, and these processes and systems are observed closely to ensure the process is right and gives good results. It helps in decision making in an organization as it works on customer feedback, financial information, employee feedback, or areas where information is required in decision making an organization.

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