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Financial Statement Audit
A thorough audit of your annual financial statements to confirm they are complete, accurate and prepared under IFRS.
Confidence in your annual accounts
A financial statement audit tests the figures and disclosures in your annual accounts against supporting evidence and the requirements of IFRS.
The result is an audit opinion that free zones, shareholders, banks and investors rely on, along with practical recommendations to improve your reporting.
At a glance
- IFRS based audit
- Opinion on true and fair view
- Testing of key balances
- Disclosure review
- Management letter
What we examine
- Revenue recognition
- Expenses and cost of sales
- Cash and bank
- Receivables and provisions
- Inventory
- Property and equipment
- Payables and accruals
- Equity and related parties
- Notes and disclosures
Why work with Emna Capital
01
Independent and objective
Reviews are planned and performed with professional scepticism and a clear focus on the risks that matter to you.
02
Practical findings
Every engagement ends with clear observations and recommendations your team can act on.
03
Regulator ready
Reports are prepared to satisfy free zone authorities, banks, investors and other stakeholders.
04
Minimal disruption
We agree timelines and document requests in advance so your team can keep running the business.
How we work
Step 1
Planning
We understand the business, agree the scope and identify the key risk areas.
Step 2
Fieldwork
Controls, transactions and balances are tested against agreed criteria.
Step 3
Findings
Issues are discussed with management so the facts are clear and agreed.
Step 4
Reporting
You receive a clear report with conclusions and practical recommendations.
Frequently asked questions
A financial statement audit is the most common type of external audit. The terms are often used together.
We recommend closing and reconciling the books first. Our accounting team can help, separately from the audit team.
Auditors propose adjustments where they find errors. Management decides whether to accept them, which affects the opinion.
Talk to an Emna Capital advisor
Tell us what you are planning and we will map out the route, the paperwork and the timeline. The first consultation is free.