Throughout history, businesses have needed to record their transactions and measure results. Current national and international audit standards, however, are more exacting than ever. Global competition and risk exposures also require all business entities to be built on solid foundations with effective management structures. Accordingly, we believe that our audit should provide value to our clients by focusing on information flow that helps them benchmark the performance rather than just a set of audited financial statements.

We believe that the success of any audit we carry out is dependent upon:

•  Understanding the client’s business, underlying risks, and the legislation and regulations govern ing the business;
• Understanding the client’s organizational, procedural and information systems control as well as their operating structure;
• Ensuring that superior expertise and resources are available to satisfactorily carry out the audit;
• Adhering to the firm’s quality control standards

All audits are carried out as per the firm’s Audit and assurance Procedures Manual, which is based on International Standards on Auditing. Our audit approach is principally risk-based, and focuses on obtaining an understanding of the scope of the assignment, and developing an audit strategy to achieve the set audit objectives.

Nelson and Francis LLP is also able to conduct internal audits, the product ranges from complete outsourcing arrangements to setting up an internal audit function. We are able to provide clients with assurance that the right systems and controls are in place, assets are safeguarded, funds properly used and in compliance with legislation. Internal audit procedures are tailored to each client’s requirements as well as industry specific needs.

A high level of partner involvement in each audit undertaken gives a sense of security and a regular contact to deal with the client.

In this way, we can help achieve the greatest value by focusing on specific needs and by relying on the understanding of the business.

• Stock audits
• Unclaimed financial assets Audit
• Internal Audit
• Pension Audit
• Project Audit