I Sumar & Co - Audit

Audit Accountants For Your Business

An audit involves examining a business’s financial report, as presented in the annual report, by an independent party. The financial report typically includes:

Balance Sheet: A snapshot of the company’s assets, liabilities, and equity at a specific date.
Income Statement: Details the company’s revenues, expenses, and profits over a period.
Statement of Changes in Equity: Shows changes in equity (ownership) during the reporting period.
Cash Flow Statement: Tracks cash inflows and outflows from operating, investing, and financing activities.
Notes: Explanatory information about accounting policies and other relevant details.

Our staff are well trained and would handle all the matters such as:

The primary purpose of an audit is to assess whether the information in the financial report accurately reflects the business’s financial position at a specific date. It ensures transparency, reliability, and compliance with accounting standards.

Balance Sheet Accuracy:

Ensuring that details of what the business owes (liabilities) and what is owed to the business (assets) are accurately recorded on the balance sheet.

Profit and Loss Assessment:

Properly assessing the business’s profits or losses by meticulously reviewing financial reports.
Adherence to Auditing Standards:
Following auditing standards established by a government body to maintain integrity and consistency.

Audit Report and Opinion:

Upon completion of the audit work, your business will receive an audit report.
This report explains the audit process and provides an opinion based on the work conducted.

We can facilitate this service through one of our accredited partners, and we will discuss the details with you beforehand.

Feel free to reach out if you have any further questions or need assistance!