- Review and appraisal of internal control structure and accounting procedures and systems, followed by a report to management.
- Submitting recommendations regarding developments and adjustments to the internal control structure to maximise accounting systems reliability and efficiency.
- Audit of all financial statement components based on International Standards on Auditing & Guidelines.
- Use of state-of-the-art audit software and other advanced audit techniques such as statistical sampling & roll-forward procedures.
- Financial statements reporting based on Generally Accepted Accounting Principles including International Accounting Standards, where required.
At every stage, professional work is technically supported, supervised and reviewed by the Technical Department, a central body of professionals responsible for the firm's quality assurance and training.
Talal Abu-Ghazaleh & Co.'s approach is business oriented and understanding their client's individual requirements is a key element. Talal Abu-Ghazaleh & Co. also emphasizes effective planning and believes time spent planning is an investment well made. The audit team plans the scope and relative emphasis of audit work, identifies potential analytical procedures and the information that can be utilised, and assesses the risk of material misstatements in the financial statements. The development of constructive recommendations is considered a key aspect of performing the audit and all members of the audit team participate in accomplishing it.
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