The Audit Methodology is our effective audit strategy that facilitates and enhances audit quality. It meets our goal of delivering quality, independent, rigorous audits. IAS/IFRS guides our professionals in delivering rigorous audits of your financial statements. The audit methodology is designed to meet applicable local and international standards.
We have high norms for delivering quality risk-based audits and perform our audits in accordance with International Standards on auditing and relevant International Financial Reporting Standards (IFRS).
The audit methodology also emphasizes the critical nature of substantive Procedures and effective risk assessment and control testing activities. The Audit methodology provides a basis for a consistent audit approach everywhere Nyagari & Associates does business and reinforces continuity and coordination.
We use a risk-based approach to understand the Organization/company, its environment, and its industry.
The audit team preliminarily identifies the areas where the risk of material misstatements in your financial statements is the highest.
We can do this through structured interviews of management and others, analytical procedures, observation, and inspection.
The Firm’s Information Risk Management (IRM) services are designed to help your organization achieve its potential by focusing on delivering of potential project benefits, management of business processes, governance of enabling information systems and security of information. Information Risk Management (IRM) is woven into various aspects of our audit process.
IRM services help protect clients against internal data quality problems and external attacks, relying on an established methodology that mirrors our audit. Focusing solely on the information technology (IT) risks that threaten your most important internal and external controls /goals;