Service — Statutory Audit
Your financial statements, examined with care and documented with precision.
A statutory audit obligation should not feel like a disruption. We conduct the process methodically, keep your team informed throughout, and deliver a report that means something — not one that simply satisfies a filing requirement.
What This Delivers
A report you can rely on — and a process that makes sense.
When the audit is complete, you will have a report that reflects the evidence collected during fieldwork, documented plainly and traceable in full. Not a document that raises more questions than it answers — a clear, professional opinion on your financial statements, prepared to recognised standards.
Beyond the report itself, the engagement gives your leadership team a shared understanding of where financial reporting stands and what the records show. That clarity has practical value — for governance, for external stakeholders, and for your own decision-making.
An opinion grounded in evidence
Every conclusion in the final report traces back to specific working papers and documented testing. Nothing is assumed.
Compliance with recognised standards
The engagement is conducted under ISA (International Standards on Auditing), applied consistently across scope.
Calm, predictable engagement
Scope, schedule, and document requirements are agreed before fieldwork begins. No late surprises for your team.
A record your stakeholders can trust
An independent opinion carries weight with boards, investors, lenders, and regulators — this is what the statutory audit produces.
Understanding the Situation
Most organisations find the audit process harder than it needs to be.
There is a version of the statutory audit that many finance teams know well: requests arrive without context, timelines slip, and the final report contains observations that feel either overblown or too vague to act on. That experience is common — and it does not have to be the norm.
For many organisations, the challenge is not the audit itself. It is the uncertainty around what to prepare, how long it will take, and whether the process will disrupt normal operations more than necessary. The statutory requirement exists for legitimate reasons; the friction surrounding it often does not.
There is also the question of what comes after. A report that satisfies a filing deadline but provides no genuine insight into the financial statements offers limited return for the time invested. You are entitled to more than a compliance checkbox — and that is what a well-conducted engagement can provide.
Our Approach
A statutory audit designed around your actual circumstances.
Scoped to your structure
We review your organisation's structure and reporting framework before setting scope. The engagement reflects your actual situation — not a standard template applied without adjustment.
ISA-compliant methodology
Fieldwork follows International Standards on Auditing throughout. Risk assessment, sampling, and evidence evaluation are all applied consistently and documented as we go.
Independence, maintained throughout
Our conclusions are not adjusted to suit expectations. Independence is a precondition of the engagement, not a claim made after the report is signed.
The Engagement
What working together on this looks like.
The engagement begins with a planning conversation — a direct exchange about your reporting period, your structure, any areas of complexity, and what your team will need to prepare. From that point, you have a clear schedule and a document checklist before fieldwork starts.
During fieldwork, a named lead auditor works through the agreed scope. Questions are raised as they arise, not saved for the end. Your team knows what we need and when, so the process fits around your operations rather than cutting across them.
Before the final report is issued, a draft is shared with you. This gives your team an opportunity to raise any factual points and understand the findings before they are formalised. The final report is written to be read and used — not filed away.
Planning conversation
Scope, schedule, and documentation requirements agreed. Checklist provided. Questions answered before fieldwork begins.
Fieldwork
Evidence collected, controls tested, transactions examined. Progress updates provided. Questions raised promptly, not at deadline.
Draft review
Draft report shared with your team. Factual clarifications addressed. Findings explained before they are finalised.
Final report issued
Signed audit opinion delivered. Working papers retained and accessible. Report written for decision-makers, not just auditors.
Investment
Transparent pricing, agreed before the engagement begins.
Statutory audit fees vary with the scope and complexity of the engagement — the size and structure of the organisation, the number of entities in scope, and the complexity of specific areas being examined. We provide a clear, written fee proposal before work starts, based on the information you share with us.
Typical engagements fall in the range of 4,500 – 18,000 USD. The proposal you receive will reflect your specific situation, not a generic estimate. If scope changes arise during the engagement, they are discussed with you before any fee adjustment.
Request a ProposalWhat is included
Full risk-based audit conducted under ISA
Written scope agreement and document checklist before fieldwork
Named lead auditor as single point of contact throughout
Draft report for review before finalisation
Signed audit opinion and plain language findings
Retained working papers, accessible after engagement completion
Post-report debrief available on request
Methodology
How the engagement is structured and measured.
The effectiveness of any audit depends on the rigour of the method applied. Here is how ours works in practice.
Risk assessment
We identify areas of higher risk in the financial statements and direct our testing toward them proportionately. Lower-risk areas are not ignored — they are covered efficiently.
Evidence-based testing
Audit conclusions are drawn from documented evidence — transaction testing, analytical procedures, confirmations, and management representations, each evaluated on its own merits.
Materiality thresholds
We set materiality at the planning stage and apply it consistently. This ensures that findings are weighted correctly — significant matters receive the attention they deserve.
Timeline and milestones
Engagements typically complete within four to ten weeks of fieldwork commencement, depending on scope. Milestones are agreed at the outset and tracked throughout.
Our Commitment
You will know where things stand at every stage.
We commit to a specific scope, an agreed schedule, and a named lead auditor before any work begins. If anything changes — whether in scope or timeline — we discuss it with you before it affects the engagement. There are no surprises in the final report that were not discussed in draft.
Scope in writing
The engagement letter confirms exactly what is covered. No ambiguity about what was and was not reviewed.
Schedule held
We set realistic timelines and maintain them. Delays are flagged early and managed openly, not absorbed quietly.
Draft before final
You see a draft report before the opinion is signed. Factual corrections can be made. There is no final report that surprises your team.
Getting Started
The path forward is straightforward.
Starting the process does not require a formal commitment from you. A brief conversation is enough to understand whether there is a fit and what the engagement would involve for your organisation.
Get in touch
Use the form below or send an email to [email protected]. Share a brief note about your organisation and what you are looking for. We will follow up within one business day.
Scoping conversation
A short call or exchange to understand your reporting period, structure, and any specific requirements. From this, we prepare a written fee proposal and draft engagement letter.
Engagement begins
Once the engagement letter is signed and the schedule confirmed, planning begins. Your team receives the document checklist and the first milestone is set.
Statutory Audit Engagement
Ready to talk through what the engagement would involve?
We are glad to discuss your situation, answer questions about the process, and provide a written proposal — with no obligation to proceed.
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