Audit

At FDW, we see the audit as an activity which should add value to all parties in the process – both the auditee and any principals who may have requested this intervention.

Every business is unique, therefore what constitutes value is different in each case and our approach is to customize our audit strategy accordingly.

The Key features of our approach are:

Our methodology is intended to closely align your underlying business risks with our audit process. This ensures that we look at your business the way you do – from a business perspective. Our focus enables us to gain a better understanding of your business, the associated risks and the relationship between the various components of audit risk. This enables us to develop more effective and efficient audit strategies as well as provide timely communications to you.

We share our knowledge by giving our engagement teams access to the firms expertise through our knowledge databases. These assist us in accessing valuable engagement knowledge with respect to:

• Addressing significant auditing and accounting issues
• Developing solution-oriented services to you
• Understanding industry-specific issues
• Keeping up to date with current developments, both inside and outside the firm

Using our increased knowledge of your business, our greater focus on your business risks, we use analytical and data analysis procedures to provide audit evidence from which we gain significant audit assurance and identify areas requiring further investigation. Upon identifying such areas we can then propose a suitable course of action, be that business planning, profit improvement measures, etc.