This type of audit is most commonly intended to result in a certification of the financial statements of an entity.
The objectives of an external audit are to determine:
- The accuracy and completeness of the client’s accounting records;
- Whether the client’s accounting records have been prepared in accordance with the applicable accounting framework; and
- Whether the client’s financial statements present fairly its results and financial position
Carampako offers external audit services delivered by our team of expert registered auditors. We review financial statements and other documentation and information via various in-depth procedures according to the type of audit and its requirements:
- External Audit Services to entities required to be audited according to the companies act no 71 of 2008, the financial services board, Public Finance Management Act and Municipal Finance Management Act.
- Statutory Audits
A statutory audit is a legally required review of the accuracy of a company’s financial statements, books and records.
The purpose of a statutory audit is to determine whether an organisation is providing accurate representation of its financial position. Examination of information such as bank balances, bookkeeping records and financial transactions are to be undertaken by professional and registered persons.