Audit Services

Audit & Assurance

In a rapidly evolving business and regulatory environment, the right guidance is more important than ever. Finsolve Assurance professionals draw on deep industry experience to help clients to navigate change, bolster investor confidence, and strengthen the value of their businesses. We carry out our assignments in line with provisions of the International Standards on Audits (ISA), the International Standards on Assurance Engagements (ISAE), Nigerian Standards, Companies and Allied Matters Act (CAMA), Financial Reporting Council of Nigeria (FRC) Rules and other applicable regulatory bodies.
Our assurance service includes:

Audit Engagement

Finsolve provides statutory and non-statutory financial statement audit services that will help to enhance the consistency and integrity of financial reporting undertaken by organizations.

How we can help?

• Our skilled and experienced audit professionals work with clients and relevant external parties to understand the changing business environment. We adopt an audit approach that is based on a proven methodology and our commitment to professional integrity, independence and ethical behavior.
• We equip our audit teams with advanced technology to provide a structured, risk-focused workflow.
• We focus on clients’ key business risks. We support the audit process with extensive experience of applying and interpreting local and international accounting standards.
• We identify industry trends, issues and insights that may influence the accuracy and completeness of financial statements. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.

Statutory Audit

An audit provides the reasonable level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.

Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.

Review Engagement

We also provide review report on forecasts and historical financial statement figures in line with the International Standards on Review Engagements (ISREs) and International Standards on Assurance Engagements (ISAEs).

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

Compilation

In compiling finanial statement for a client, we present information that is the “representation of management” and expresses no opinion or assurance on the statements. Compilations don’t requre inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business

If you’d like to know more about our Audit & Assurance Service, please book your Free Consultation below.
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