While conducting Audit and Assurance Services we promise we adhere to the code of conduct issued by the Institute of Chartered Accountants of Nepal (ICAN), the regulatory and embraces the basic principles governing an Audit.
National and International Knowledge and Exposure of our team helps our client to solve complex Financial, Accounting, Managerial, and Taxation issues.
We are able to adopt new paths with the help of the latest methodology around the globe to bring a comfort zone to our clients from vague and complex issues and circumstances.
ExpertNepal.com always focuses on Risk Based Audit (RBA) system.
The primary types of auditing services include:
- Financial Statement Audit: This is the most common type of audit. A financial statement audit involves an in-depth examination of a company’s financial records, transactions, and supporting documentation to ensure that the financial statements present a true and fair view of the company’s financial position and performance. The auditor issues an opinion on whether the financial statements are free from material misstatements.
- Internal Audit: Internal audits are conducted within an organization by its own internal auditors. Their purpose is to assess and improve the effectiveness of risk management, control, and governance processes. Internal auditors review internal controls, compliance with company policies, and operational efficiency.
- Statutory Audit: Governments or regulatory bodies may require certain organizations or industries to undergo statutory audits to ensure compliance with specific laws and regulations. These audits often focus on regulatory and legal compliance.
- Tax Audit: Tax audits are conducted by tax authorities to verify the accuracy of a taxpayer’s reported income, deductions, and tax liabilities. These audits ensure compliance with tax laws and regulations.
- Information Systems Audit (IS Audit): IS audits evaluate an organization’s information systems, including IT infrastructure, security measures, data integrity, and system controls. The goal is to identify vulnerabilities and ensure that information systems are secure and reliable.
- Operational Audit: Operational audits assess the efficiency and effectiveness of specific operational areas within an organization. They focus on processes, procedures, and overall performance to identify areas for improvement.
- Compliance Audit: Compliance audits review an organization’s adherence to specific policies, procedures, laws, and regulations relevant to its industry or activities.
- Forensic Audit: Forensic audits involve the investigation of financial records and transactions to detect potential fraud, embezzlement, or other financial misconduct.
- Performance Audit: Performance audits assess the efficiency, effectiveness, and economy of government programs, agencies, or organizations. They focus on achieving objectives and identifying areas for improvement.
- Environmental Audit: Environmental audits evaluate an organization’s environmental impact and compliance with environmental regulations.