What is an Audit of a company?

A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor according to GAAS standards, The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures according to the required frame work.

Why is an Audit important for business?

We at AL-Boushra for Audit & Consultation believe that an independent audit of financial statements lies at the heart of effective operations.

That is because we focus on a combination of a balanced “Risk-Based Approach” and “System-Based Approach” which enables us to develop a deeper understanding of your business, the industry that you work in, and the risks your company face, the strategies management use to control these risks.

Our responsibility during the audit will determine adherence to IFRS or SMEs, according to the applicable laws , management policies and stated requirements and it will also help provide reasonable assurance that boards and management “fairly and accurately” present the information in your financial statements, in a way that shareholders can make their decisions  

Who we add value to your company?

But that’s not all what you get from an auditory; having AL-Boushra for Audit & Consultation audit your financial statements will result in identification of recommendations on either the design or the implementation of the client internal control system where management can improve their control processes & procedures, after  identify the risk in the internal control and reporting the material and significant weakness, with a special focus on your approach to accounting practices, fraud risks, or errors risks.

Our framework also provides value to external stakeholders and other parties that interact with

 the organization by providing:

Greater understanding of what constitutes an effective system of internal controls.

Greater confidence that management will be able to eliminate ineffective, redundant, or

inefficient controls.

Greater confidence that the board has effective oversight of the organization's

internal controls.

Improved confidence that the organization will achieve its stated objectives and will be

capable of identifying, analyzing, and responding to risks affecting the organization.

Enhancing the reliability and confidence of information in the financial statements to investors, creditors, and other interested parties.

We conduct our audit in accordance with international standards. The list of audit services that we offer include:

• Statutory audit reporting: Audit of financial statements in accordance with International Auditing Standards or any other requirements.

• Internal controls reporting, business risk management.
• SSARS Engagements
• Preparation Engagements
• Compilation Engagement
• Review Engagements
• Review Reports
• Interim Reviews