Audit & assurance

IFRS concerns the preparation and presentation of financial reporting. ISA governs how an audit is performed, evidence obtained and the auditor’s opinion formed. The financial reporting framework is determined for the entity, while financial statement audits follow ISA.

An audit seeks reasonable assurance that financial statements are free from material misstatement due to error or fraud. Reasonable assurance is a high level of assurance, but does not guarantee detection of every instance.

Each engagement is assessed against independence requirements, professional rules and the entity’s circumstances. A bookkeeping provider cannot automatically be assumed eligible to audit the same records; the permitted scope is clarified after assessment.

Fees depend on the service, transaction volume, periods covered, state of the records and follow-up required. We discuss your needs first and provide a proposal setting out the scope, fees and requirements.

Khalda Design Center Complex, Khalda – Opposite the English Schools, Amer Bin Malik Street, Building No. 30, Second Floor, Amman, Jordan, Postal Code: 11821, P.O. Box: 3138. Contact us by phone, WhatsApp or email to arrange a meeting and discuss the service.

Audit obligations depend on the company’s legal form and the applicable corporate and regulatory requirements. We review the entity’s registration and circumstances before confirming the required audit scope.

Initial documents usually include the trial balance, general ledger, draft financial statements, bank statements and reconciliations, receivable and payable schedules, inventory and fixed asset records, and relevant contracts. We provide a tailored request list after understanding the business.

Timing depends on the size and complexity of the business, the completeness of records, required confirmations and the availability of management. We agree an estimated timetable after the initial review and update it as the work progresses.