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Audit & Assurance

 

WHAT IS AN AUDIT?

 

The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.

 

Enslins Auditors provide audit services in accordance with the International Audit Standards (IAS).

 

 

OVERALL OBJECTIVE OF ENSLINS AUDITORS

 

To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling Enslins to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.

 

 

AUDIT STRATEGY AND APPROACH

 

Enslins Auditor’s make use of a risk based audit approach which includes a detailed risk assessment with the objective of identifying high risk areas. The high risk areas identified directs audit effort which in turn lends itself to a cost-effective audit.

 

The ISA requires from us to exercise professional judgement and maintain professional scepticism throughout the planning and performance of the audit and, among other things:

  • Identify and assess risks of material misstatement, whether due to fraud or error, based on an understanding of the entity and its environment, including the entity’s internal control.
  • Obtain sufficient appropriate audit evidence about whether material misstatements exist, through designing and implementing appropriate responses to the assessed risks.
  • Form an opinion on the financial statements based on conclusions drawn from the audit evidence obtained.

 

 

SERVICES PROVIDED

 

Enslins Auditors has extensive experience in the auditing and assurance field and are confident that with our private and public sector involvement and expertise can deliver audit and other assurance services with value adding benefits to the client.

 

 

AUDIT AND ASSURANCE SERVICES OFFERED:

  • Statutory and Non – Statutory Audit Engagements;
  • Independent Review Engagements; and
  • Agreed upon procedure Engagements.