Auditing Services
Statutory Audit Services
Unlike internal audits, our statutory audit service process is based on understanding an entity, its risk analysis, evidenced corroboration and skilled professional judgment. This gives our clients customised statutory audits.
General standards are brief statements relating to matters such as training, independence and professional care.
Highly-trained competent auditors deliver our external audit services with technical expertise. They maintain complete independence in all matters relating to assignments – ensuring that we the best audit firms in Sandton, Johannesburg, Midrand, Centurion and Pretoria.
Internal Audit Solutions
NUE‘s internal audit solutions can be as broad or narrow in scope as your audit committee, board or management requires. As an organisation, you can outsource specific internal audit functions not handled or known by your internal staff. This allows your staff to focus on projects they do best while we focus on the rest.
You can co-source internal audit projects, where we work with your organisation to develop an overall plan that addresses priorities for implementation to be made by your internal staff.
Internal Audit Solutions
Alternatively, the entire auditing process can be outsourced. This approach allows management to focus on core competencies and for NUE to apply its considerable audit expertise to your organization’s needs.
No matter the size of your organisation, outsourcing your internal audit duties with us will give you an advantage – even with no regulatory requirement to do so. As your business grows, outsourcing or co-sourcing internal audit services makes good business sense.
Candidates for outsourcing or partnering with NUE to perform their internal audit function include:
- Publicly held companies
- Organisations seeking a cost-effective alternative to hiring, training and retaining internal auditors
- Organisations seeking the expertise and objectivity of outside consultants
- Budget preparation and cash flow forecasts/projections
Why partner with NUE for an internal audit?
We understand that effective budgeting and cash flow forecasting enables you to run your business more efficiently. We will assist you to set realistic forecasts, and evaluate your resources and market conditions. We also review current economic and business conditions to assess what impact they will have on your business and goals.
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Small and large enterprises can hire our services to audit their financial statements. We are the firm for companies needing a financial statements audit completed for statutory or regulatory purposes.
Financial Statement Audit
Small and large enterprises can hire our services to audit their financial statements. We are the firm for companies needing a financial statements audit completed for statutory or regulatory purposes.
Financial statement audits must be completed in the most efficient manner possible, with the needs of the client coming first. NUE Chartered Accountants uses industry-specific approaches for auditing and assurance services to accomplish this. Our primary mission, which emphasizes forward-planning, rigorous risk assessment, exact testing, and reporting, defines our audit services.
Our financial statement audit services’ main goal is to give our clients reliable reports on both their financial situation and business performance.
Compilation Engagement
When involved in the process of compilation engagement, the international auditing and assurance Board (IAASB), urges practitioners to report on the engagement in accordance with the released international standards.
Although no South African law specifically mandates any standards for financial statement compilation, it is still expected that chartered accountants or associate general accountants will take into account the required declarations made by the IAASB during compilation engagements.
Internal Control Solutions
Our internal control solutions protect businesses from financial risk as well as strategic and reputational risk.
Our solutions guarantee that your business receives the proper foundation to run successfully and progressively with the least risk possible.
To achieve this, we use reliable financial reporting processes that adhere to regulatory and industry standards.
Our reliable financial reports safeguard your business and keep it in line with industry standards that track credit risk, investment risk, and capital risk.
For instance, some laws that safeguard investors may demand evidence that businesses submit their annual financials.
Once more, they can demand evidence that businesses adhere to defined procedures and prioritize fraud prevention.
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Agreed-upon procedures are carried out when we are appointed to issue a report of findings based on specified financial statement items. These apply to engagements relating to agreed-upon procedures for specified elements or accounts.
The new independent review proves to be less burdensome, less rigorous and less costly for smaller companies. Companies that proposed a voluntary audit or who passed the public interest test will also fall under these requirements.
Our approach to compliance audits is to determine conformity and adherence to applicable laws and regulations. These may include reviews for conformity and adherence to laws and regulations, policies, plans, procedures, contracts or other requirements we perform both legal compliance and corporate governance assurance services.
Any entity wanting to do business with the Government or any Organs of State has to be BEE Compliant First. The process of becoming BEE Compliant is known as the BEE Verification process. This is a process where the entity has to come into contact with an SANAS Accredited BEE Verification Agency. Together with the BEE Agency the entity has to undergo a partial or full audit to determine its BEE Compliance Levels.
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