Jamal,Amin&Partner

Untitled Document

Statutory and Special Audit

As auditor, we express an opinion as to whether the Financial Statements for the financial peroad under review show a true and fair view. In this regard we are guided by professional standards which would act to meet with the requirements of generally accepted accounting practice and the Companies Act 1965.

Our audit procedures are developed specific in relation to each client and take into account factor:

Our understanding of the operations

Management's concern

Internal control structure and procedures

No procedires are merely routine; rather, our procedures are developed responsive to these and other operating factors. We are, therefore, able to bring operational considerations to our audit, within the most effective and efficient framework of audit procedures.

Outline of Our Approach

Upfront executive involvement through all phase of the audit. Such involvement serve to identify all critical aspect of the engagement at an early stage so that problem areas are dealt with effectively and not only at the end of the audit. Accordingly, we are able to present and discuss these areas with you at an early resolution, with no suprise at the end of the audit.

An emphasis on obtaining a thorough, up to date understanding of the client operations and industry and of the internal control invironment that helps up to identify potential of risk associated particular industry, to comunicate more effectively with management and to develop client services objective that enhance the benefit client will recieved from our audit.

A risk assessment process that is central to the audit approach and provides tyhe basis for palnning the minimum effort necessary to hold audit risk in each area to an acceptably low level. This process enables us to plan our effort to be responsive to the likelihood of errors of audit importance, and to select audit procedures that directly relate to your particular situation.

The recognition of the importance of engagement economies and staff utilization by providing for auditor judgment and flexibility in performing work at an interim date. However, the approach recognises that the audit effort between interim and year end would increase commensurate with the risk.

Timely issuance of effective management letters dealing with control issues and recommendations as well as ideas for operational efficiency. We stress that our management letters should be practical.

Confidentiality is an implied term of our appoimment as auditors. We shall maintain the highest standard of confidentiality in not divulging any confidential information obtained during the course of our audit.

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