Statutory audit lies at the heart of Ghana’s financial reporting regime. We believe it is important to understand our client’s operations, their industry and issues they are faced with to ensure we provide them with value services on an ongoing. Every client is unique, so we don’t rely on standardised checklist, we like to work closely with our clients to ensure the service we provide are tailored not just to comply with the international Standards on Auditing (ISA’s) and generally accepted accounting principles (GAAP), but to focus on matters which are of relevance and add value.
At EDD we are constantly investing in technology which continually improves the quality of our audit. Using the latest audit software, our approach is risk-based and focuses on developing a sound understanding of your business, the major issues it faces and its long-term objectives. We have a proactive approach to our audit engagements, working closely with our clients to ensure the audit process is completed efficiently and adds value to their business activities, this we achieve through clear communication and discussion on any issues identified and come up with an approach that fits in well with their business objectives and compliance requirements in a cost-effective way.
We believe strongly in all our people conducting themselves in the right manner during the engagement, from the audit trainee through to the Partner. You will receive high standard of client service with minimum disruption to your business operations. On completion of the audit assignment, we discuss our audit report with management to provide recommendations on our findings and obtain accurate summary and feedback before the report is finalised.
With continuous political volatility, changes in legislations and regulations, it is becoming a common practice for businesses in both public and private sectors to invest in Internal Audit & Risk assurance services. Internal auditing is an objective assurance and consulting activity, designed to add value and improve organisations by bringing a systematic, disciplined approach to evaluation and improving the effectiveness of risk management, control and governance process.
The best internal audit service delivers not just assurance to the Board through the Audit Committee but adds value to the entire organisation. Failure to manage risk effectively can ultimately lead to organisations demise, an effective risk management processes need to be embedded into the core decision-making of the business. Organisations therefore need a focused approach to internal audit and risk management. At EDD we take a uniquely hands-on approach, drawing on specialists where appropriate. We start by assessing your audit needs, and consider the nature, size and complexity of your business. From there, we tailor our services and develop a strategy to suit your needs. We create a framework individually suited to meet your needs, working in partnership with you to create the right internal audit solution.
We will continually assess, monitor and benchmark your operations against other best practice approaches and suggest ongoing improvements. Some of our clients require full outsourced solutions, while others already have established internal audit functions and simply need specialist co-sourced support. Whatever your business needs, our experienced internal audit and risk management professionals are ready to help you improve your systems of governance, risk and control.
