Our approach is simple and make sure that our audit and assurance service is fully tailored to suit you and your business. With the years of international experience and knowledge in this field, our team has developed great awareness of almost all industries and creditable approach to all our clients. As a result, we can ensure that our audit and assurance services are tailored not just to meet with International Standards on Auditing, but also to focus on matters which are of relevance and added value to your business.
First of all, our role is to build an intimate understanding of you, your business, your industry, your requirements and importantly what the key issues are, where the risk areas lie and how to add value to the process; We come up with an approach which fits in with the compliance requirements and your business’s requirements in a cost effective way; identify the issues and provide the ideas and solutions; We build and maintain a relationship which enables us to proactively work with you to anticipate the business’s requirements and business plan ahead.
By assigning the most suitable member of the bpohand team to your business, we can ensure that you receive practical advice relevant to your business. We pledge continuity at senior staff level so the knowledge of your business gets passed on. Uniquely, our audit team members are also all trained on corporation tax matters and material tax related issues are also highlighted.
In the Audit and Assurance, every aspect of your business will be taken into consideration in our assessment of your business’s greatest risks and areas of importance. By acquiring this insight we can provide you with more than a statutory audit and accountancy service, but additional solutions on how to improve your business’s financial and operational performance, as well as offer you advice on all your legal and regulatory issues. We seek to ensure that compliance work (audit and accounts) that can be seen to be a burden is instead turned into an exercise which adds value the business.
In financial reporting engagements, bpohand believes that independence, in fact and in appearance, is to be maintained in all engagements where it is required or professionally warranted. Particular attention is to be directed to understanding the entity's business and the environment in which it operates, and to ensuring that any specialized knowledge required by the engagement is appropriately brought to bear.
Accounting issues are to be resolved based on our understanding of the substance of the underlying transactions, not their form. An attitude of healthy professional skepticism is maintained. Clients are urged to adopt accounting and reporting practices that we believe are appropriate in the circumstances.
Most importantly bpohand firm's audit approach is business oriented. It focuses on an understanding of the client's business much deeper than the knowledge of the accounting system and records on which auditors have traditionally concentrated. We reflect this business orientation in several ways: our audit focuses on the substance of the underlying business rather than just the financial statements; we use our knowledge of the business and consider other services we provide in determining our audit procedures and appropriate sources of audit evidence; we use information we obtain from other services we may have performed during the year to offer constructive advice to the management.
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