Oak Global Consulting has the required skills and experience to provide the highest level of assurance services to our clients.
Audit is an independent service that enhances the reliability of information used by investors and other stakeholders. In addition to the normal audits under the relevant reporting framework, audit services also offers a range of attestation reports allowed by the International Standards on Auditing issued by the International Audit and Assurance Standards Board (IAASB) and the International Federation of Accountants. Such reviews include agreed upon procedures, compilations and other assurance engagements.
Services offered
Year-end Audits: we carry out full year audits of the financial statements of the country/representative office of NGOs for the purpose of reporting to the head office or parent entity or local management. We also carry out audits of financial statement(s) of receipts and payments of projects funded by national and international donors for reporting to these donors and local management.
Reporting on such audits includes:
- The financial audit report including the project/country office financial statements with the independent auditors report, finding report on our review and evaluation of internal controls, findings reports on our review of compliance with project agreement terms, laws and controls.
- A management letter including all instances of findings to be reported to management.
Interim Audits: To ease the burden on our clients and to facilitate reporting on strict early deadlines, we also conduct audits for interim periods. The reporting on such audits is the same as year-end audits.
Review Engagements: we carry out reviews periodically, of the financial statements of the country or representative office. We also conduct reviews of financial statement(s) of receipts and payments of projects funded by national and international donors for reporting purposes. Reporting is restricted to the review report of the country office or projects financial statement(s) or receipt and payments and management letter.
Assurance Engagements: These reviews usually require a limited or reasonable assurance on a specific subject matter. Reporting is in the form of an assurance report detailing the scope and method of evaluation, and conclusion which may be limited or reasonable assurance, for example audits.
Agreed upon procedures: Performed under International Standards on Related Services, clients define the procedures to be carried out by the auditor.
In such cases, the reporting is a findings report that details the scope of work, future steps and findings on current work. No assurance or opinion is expressed. For example, a procurement audit that evaluates whether specified procurement procedures have been carried out in a satisfactory manner for a specified period.
Engagements to compile information: The firm is able to use accounting expertise to collect, classify and summarize financial or other information in a manageable and understandable form, without testing assertions underlying the information. For example, the preparation of financial statements or management information reports.
