Financial Reporting Audit and Advisory

The increase in demand for reliable financial information has put audit and assurance services in the spotlight. Here at Business Solutions Consulting and Auditing, our main aim is to give our clients a clear insight into their corporate strategy, business processes and financial reports. We provide a range of audit, reporting, corporate governance and risk management services.

We have raised the bar when it comes to quality as we know how important reliable information is. So, we will help you manage your operational and financial risks and make sure that the processes within your organization run more efficiently. We are here to support you and help you make the right business decisions.

Business Solutions Consulting and Auditing is well recognized firm. We are audit experts in insurance, banking, industry and services - as well as public organizations and associations.

Our audit approach is based around the fundamental principle of professional independence. We do not undertake engagements which are deemed to be incompatible with our audit activities, and we have a rigorous system of controls to prevent conflicts of interest. Our principles are laid out in full in our Code of Conduct for Objectivity and Independence.

At Business Solutions Consulting and Auditing we provide reliable financial information.

A financial audit is all about producing trustworthy financial information, but at Business Solutions Consulting and Auditing we go a step further than just making sure the figures add up. We advise you on the consistency and reliability of your financial information.

Our expertise covers statutory audit and contractual audit.

As well as looking at your financial statements, we will help you improve the way that you produce and present economic and financial information to help you manage risks effectively. You will also be in a better position to make strategic decisions and have more transparency with shareholders.

Our highly skilled staff have the right tools and methodologies to adapt to your organization's needs.

We help you to react quickly to changes in regulations.

Because of our prominent market presence and our expertise in International Accounting Standards setting bodies, we have insights into and are aware of any changes in accounting regulations at a very early stage. This means we react quickly and help adapt your accounts to meet these new regulations in order to maintain the trust of investors and optimize risk management.

At Business Solutions Consulting and Auditing, our experts in professional standards and regulations will support you as you get used to new accounting principles. We offer you:

Updates in changes to regulations,
Analysis of new guidelines and their impact on your organization,
Training,
Assistance in producing regulatory statements; and
Forecasting.

Statutory Audit

At Business Solutions Consulting and Auditing we check that your accounts are reasonably true and fair.

With more and more changes to financial regulations occurring, audit remains an important process to ensure trust and maintain ethical standards.

Statutory audit is a core expertise at Business Solutions Consulting and Auditing.

Business Solutions Consulting and Auditing will always provide:

A focused approach to the audit,
The skills that are relevant to your industry sector,
Excellent organization skills,
An effective control structure; and
Analysis of the most complex accounting processes in an economic context.

Every assignment will be overseen by the partner in charge who is entirely responsible for the client. This partner will always be your main contact point within Business Solutions Consulting and Auditing.

Ongoing communication with your company and management is part of our approach. We want you to be fully informed and in control at all stages of the assignment so that you have the opportunity to ask questions or make adjustments to the process whenever you want to.

Business Solutions Consulting and Auditing will check that your accounting and financial information maintains consistency and transparency. Our specialist sector teams will focus on your industry-specific requirements – your strategy, operations and finances – in order to ensure in depth knowledge of your business and stakes and establish a long-term working relationship.

Does your organization need support with the increasing demands of accounting standards? We will make sure that you meet International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) in your year-end accounts. To meet these requirements, we will provide:

Annual audits,
Limited reviews of intermediary settlements,
Examination of pro forma accounts,
Analysis of complex accounting situations; and
A country and industry-specific approach,

We have specific technical expertise in many complex areas of financial reporting such as:

IFRS Conversion, Gap Analysis, Implementation, Health Check and post implementation review,
Accounting for financial instruments and optimal hedging structures,
Share option valuations and IFRS 20 (IFRS 2) accounting issues; and
IFRS 9. IFRS 15, IFRS 16 implementation ...

We also supply you with experienced technical trainers who provide tailored courses to guide your finance teams through the complexities of IFRS or GAAP requirements.

Contractual Audit

At Business Solutions Consulting and Auditing we assess your financial information.

You may need to present your firm's financial information for a business transaction, for example, an acquisition.

Our specialists will carry out these audits independently to make sure that you meet the demands of regulators and the expectations of the market - but also to optimize your financial reporting. We tailor contractual assignments to meet your needs, for example:

Support in preparing your listing,
Providing pro forma accounts and optimized financial information,
Processing accounts for complex transactions (financing, outsourcing),
Converting your financial statements to IFRS,
Preparing and reviewing ‘carve-out' financial statements; and
Drafting manuals of accounting principles.

Other Assurance Engagements

We provide review and various Agreed Upon Procedures (AUP) in accordance with international standards.