Financial Statement Audit

Description of Purposes and Deliveries of the service

The primary purpose of the service is to implement an audit and provide clients with auditors' reports expressing an high-level assurance opinion on whether the financial statements give a true and fair view in accordance with the financial reporting framework or not. The client uses the auditor's report to submit to authorities (as required by laws) and/or stakeholders (to build trust and confidence).

There are four types of opinion depending on possible effects of matters on the financial statements: (1) Unmodified Opinion; (2) Qualified Opinion; (3) Reverse Opinion; (4) Disclaimer Opinion.

Besides, another purpose of the service is to provide the client with "Management Letter" presenting useful recommendations (if any) on (1) deficiencies of the internal control system; (2) risks related to accounting and tax matters; (3) weaknesses in management.

Who are clients of the service?

Companies and organizations who are subject to statutory audit by law such as:

• FDI companies (Foreign Direct Investment)
• Public companies
• Security issuing organizations; Security-trading companies
• Banks, Financial Institutions, Insurance companies
• State-owned companies (except for some exceptional cases)

Companies or NGO projects who are required by mother companies or fund sponsors to have the financial statements independently audited.

Any companies or organizations that wish to add credibility to the financial statements submitted to stakeholders such as investors, shareholders, suppliers, lenders, business partners. Audited financial statements with auditors' report will help clients to earn trust and confidence of stakeholders.