Assurance
Enhancing Trust, Transparency, and Value
In today's complex business environment, stakeholders demand greater transparency, accountability, and reliability in financial reporting. At KKC, we understand the critical importance of trust in the financial ecosystem, and we are committed to providing high-quality assurance services that enhance the credibility of your organization's financial information. Our team of experienced professionals brings a deep understanding of the ever-evolving regulatory landscape, coupled with a keen eye for identifying risks and opportunities that can impact your business.
Our comprehensive audit services are designed to provide you with an objective and independent assessment of your organization's financial health. We conduct our audits in strict accordance with statutory requirements, local auditing practices, and the latest Standards on Auditing, ensuring the highest level of integrity and professionalism. Our approach is tailored to your unique business context, focusing on key areas of risk and evaluating the effectiveness of your internal controls and financial reporting processes.
At KKC, we believe that an audit should be more than just a compliance exercise. We view the audit process as an opportunity to provide valuable insights and recommendations that can help you improve your operations, mitigate risks, and enhance your overall financial performance. Our team of seasoned auditors leverages their diverse expertise across various industries and sectors to identify potential areas for improvement and provide practical, actionable advice that aligns with your strategic objectives.
Effective risk management and robust internal controls are essential for safeguarding your organization's assets, preventing fraud, and ensuring the reliability of financial information. Our assurance services include a thorough assessment of your risk management framework and internal control environment. We work closely with your team to identify potential weaknesses, recommend improvements, and help you implement best practices that enhance the integrity and efficiency of your financial processes.
- Statutory Audit : Ensuring compliance with legal and regulatory requirements
- Tax Audit : Providing assurance on tax compliance and identifying potential tax savings
- Information Systems Audit : Evaluating the security, reliability, and effectiveness of your IT systems and controls
- Agreed-Upon Procedures (AUP) Audit : Performing specific procedures as agreed upon with stakeholders
Our team of experts has the knowledge, skills, and experience to deliver these specialized services with the highest level of professionalism and quality.
At KKC, we believe in building long-term relationships with our clients based on trust, transparency, and continuous support. We work closely with your team throughout the audit process, providing regular updates and maintaining open lines of communication. Our goal is to not only ensure compliance with relevant standards and regulations but also to serve as a trusted advisor, helping you navigate complex financial challenges and make informed decisions that drive your business forward.
We at KKC have a system of Quality Control in place.
Role of Quality function :- Standardised client delivery documents and workpapers
- Introduction to formalised policies
- Assessment of SQC and AQMM
- Maintenance and monitoring of UPSI data
- Knowledge sharing on reviews and other matters
- Training firm personnel on SA and Code of Ethics matters
KKC’s approach of work :
PHASE 1 :
Preliminary Engagement Activities
- Client Assessment
- Terms of Engagement
- Statutory Compliances
- IndependenceAssessment
PHASE 2 :
Planning
- Team Planning
- Audit Strategy
- Understanding of client’s Business
- Identification of Significant Processes
- Assessment of Internal Controls
- Risk Assessment
PHASE 3 :
Execution
- Control Testing
- Substantive Audit Procedures with focus on Audit Assertions
- Analytical reviews
- Review of Compliance
- Leverage of Knowledge & Technology
- Review of components not audited and procedures under SA 600
PHASE 4 :
Review and Completion
- Manager
- Partner
- Tax Partner
- IT related matters
- Independent Partner (EQCR) / Hot Review
PHASE 5 :
Reporting
- Statutory Reports
- Management Letter
- Audit Committee / Management Presentation