We vigorously campaign for quality in our work. We observe the requirements for quality control imposed on us by International Standards on Auditing.
We have laid down policies and procedures that ensure that the firm and all our employees comply with professional standards, regulatory and legal requirements, and that reports issued by the firm or engagement partners are appropriate in the circumstances. These policies and procedures include and are not limited to the following;
- Identifying and evaluating circumstances and relationships that create threats to independence, and to take appropriate action to eliminate those threats or reduce them to an acceptable level by applying safeguards, or if considered appropriate to withdraw from engagement,
- Considering the needs of the clients, the size of their organisation and complexity of the accounting systems and evaluating whether we have the necessary resources including human, to perform the audit in accordance with professional standards,
- Assigning members to an engagement with the appropriate skills and competence to perform the audit. This involves considering the capabilities and competence of individual members of the engagement team, whether they have sufficient skills, experience and time to carry the required work,
- Supervising and reviewing the work of individual members and engagement team to ensure compliance with professional standards. All work done by lower levels is subject to review by the next higher level of authority.
- Addressing significant issues arising during the engagement, considering their significance and modifying the planned approach appropriately, and
- Upholding the confidentiality of client information.