Business & legal consulting in Dhaka & Chittagong, Bangladesh
Audit & Assurance
A statutory audit is the independent examination performed by external auditors to express an objective opinion to shareholders on whether an organisation's financial statements give a true and fair view. Required by law for many companies — particularly public companies and entities with external shareholders — it lends credibility to the figures relied upon by investors, lenders, regulators and other stakeholders who sit outside the day-to-day governance of the business. FM Consulting International conducts statutory audits through practising Chartered Accountants in accordance with prevailing accounting standards.
We follow a structured, risk-based methodology. First we develop a thorough understanding of the business and how information flows through its control environment. We then assess the overall risk of material misstatement in the financial statements, design an integrated audit plan responsive to those risks, execute the plan through detailed testing, and finally report our results — including the audit opinion and observations on internal control.
The audit reviews the core financial records and systems of the organisation, including profit and loss accounts, the balance sheet, the sales ledger, trial balances and payroll. Alongside substantive testing, we evaluate the effectiveness of internal controls over financial reporting and identify the items or criteria most likely to cause the statements to be materially misstated, whether to a major or minor degree.
FM Consulting International
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