We are affiliated to OKL & Partners LLP Chartered Accountants (AF:2126) and provide independent audit and attestation services to middle market companies and small businesses in a wide variety of industries.
Our clients expect us to provide accurate, high quality, audit and assurance services. We work hard to maintain high standards of professional practice to provide our clients with an independent and objective view of their financial condition and results of operations while maximising the transparency and reliability of financial information for them to make timely investment and business decisions.
The OKL difference is that they provide solutions, openly communicating their observations and conclusions with your management team.
How Our Audit and Assurance Services Can Help:
OKL’s professionals approach their audit as more than a routine compliance activity. At OKL, they tailor their services to your needs and endeavour to provide you with constructive observations arising from our audit process.
Examples of agreed-upon-procedures engagements include:
a) internal rate of return calculations;
b) review of loan covenants;
c) cost/expense verification for third parties;
d) assurances on trade debtors and inventories that serve as collateral for a loan.
The business environment in the recent years has experienced an unprecedented series of issues, surprises, and negative events that have increased the focus on the adequacy of organisations’ governance, risk, and control activities.
Accelerating change has characterised the business landscape for many years and can be expected to continue. New competitors, technologies, and financial instruments; changing cost structures and regulations; increasingly integrated global economies; and other developments are creating new risks and opportunities for organizations to consider.
As these developments evolve, they will open new doors for internal audit to regain its historic influence as an independent adviser to management-in supporting top management’s goals, monitoring enterprise risk, and enhancing regulatory compliance efforts. The responsibilities of internal audit are expanding and, consequently, the required skill sets are changing and we have experienced professionals to assist you in creating and preserving value.
We can provide you with full capacity internal audit services or simply help out where needed for as long as necessary. We serve clients by providing full outsourcing, co-sourcing, and ad hoc staffing needs.
An effective system of internal control is vital to an organisation’s achievement of its business objectives and reduction of suprises along the way. The high-profile corporate scandals and failures we have witnessed in recent years are encouraging private companies to place a renewed emphasis on their internal controls. Addressing risk is a critical element in surviving today’s challenging economic environment.
Our internal control reviews provide management with reasonable assurance that your company’s policies and procedures are adequate and are being enforced in the areas of operations, financial reporting, and compliance with laws and regulations.
Our internal control services include:
Documenting your current processes including preparation of flowcharts to visually see the flow of information.
Development of policy manuals to formalize responsibilities.
Identify significant deficiencies and material weaknesses in internal control.
Recommendations on changes to internal control including follow-up flowcharts and manuals.