Audit & Assurance
AUDIT
Our audit and assurance services put the interest of the various stakeholders at the center of our engagement, in order to maintain trust and at the same time ensure the reliability of financial information that forms the basis for decision making by users of financial information. In delivering audit engagements, our approach is risk based, though may include substantive procedures where required, to enable us render an opinion on whether the financial statements are free from any material misstatement as well as present a true and fair view of our client’s financial position and performance.
Our assurance services extend to compilations, reviews, and agreed upon procedures designed to provide assurance on various types of information or processes.
FINANCIAL STATEMENT AUDIT
Our audit services help clients in fulfilling the statutory requirements as to the independent examination of the company’s accounts and records to ascertain whether they express a true and fair view of the company’s financial position.
The audited account satisfies a lot of needs of various parties which include the Government for tax purpose, the general public to guide in investment decisions, the financial institutions to guide them in offering financial assistance, the shareholders to ascertain the performance of the Company etc.
At KKC, our approach is to deliver a quality audit that is risk-based, industry-specific, and tailored to your particular operational structure and size.
With the growing complexity of infractions within the business environment, organizations generally continue to experience challenges that could impede on the achievement of their objectives.
DUE DILLIGENCE REVIEW
This service involves a comprehensive investigation into the underlying operations of an entity with the objectives of conducting a review and analysis of the risks inherent to the overall organization, the management of the entity, the market in which the entity operates, as well as any legal, tax, technical and other related risks. Our approach rests on determining the sustainability of the business model of the organization going forward.
We approach the exercise far beyond the level of verifying information received from the company data and or discussions with the organization’s management. Rather, we align assumptions to the business model based on strategy.
Our team also understands the importance of establishing efficient communication and interim reporting channels upfront in order to expedite the exchange of information.
RISK MANAGEMENT
The first step in ensuring the achievement of the organizational objective is to accurately identify risks that could impede its achievement and take steps to ensure that such risks do not occur or at worst is under control.
Our risk management service entails risk identification, ascertainment of like hood and impact of occurrence, assessment of existing control actions and how residual risks would be treated.
INTERNAL CONTROL REVIEW
Internal control in any organization is very critical as it ensures that policies and procedures put in place by management towards realization of corporate objectives are not violated. It is how ever essential that internal controls are checked from time to time for continued significance and reliability for the purpose for which they are set up. This service is designed to close identified gaps that may occur in current internal control procedures and thus ensure that controls are always up to date.
REGULATORY COMPLIANCE
Regulatory compliance is a daunting task that can greatly impact a business’s day-to-day operations. Business are legally required to demonstrate corporate regulatory compliance and responsibility by protecting their own information, as well as that of their customers. Heavy penalties and diminished reputation due to non-compliance have made corporate regulatory compliance service a major issue for most organization.
At KKC, our clients enjoy the confidence provided by our expertise in dealing with regulations and corporate regulatory commissions. Our team of consultants help identify applicable regulations and guilde through the process of achieving compliance, while also providing insights into the regulatory process, corporate regulatory compliance requirements, and regulator expectations.