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© 2018 by RDK Consulting

Audit and Assurance

Audit and related services

Audit of financial statements

We have  partnered with Sandacus Consulting to provide high quality assurance and audit services to clients, in accordance with International Auditing Standards.

Audited financial statements give assurance and comfort to stakeholders to make diverse decisions and therefore we go the extra mile to uphold that confidence repose in us as auditors. Our professional and cutting edge approach to audit engagements enable us gain greater business insights and reliable audit evidence to support our opinion.

The services we render goes beyond ensuring that our clients' financial statements are prepared in accordance with statutory requirements and conform with international financial reporting standards but we ensure that we add value to their businesses. 

 

We have a worth of experience in the following industries: Financial, Construction, Mining, Telecommunication, Consumer and Industrial product and services and Non for Profit organisations.  

Review of financial statements

In a financial statement review, we perform those procedures necessary to provide a reasonable basis for obtaining assurance that no material changes are needed to bring the financial statements into compliance with the applicable financial reporting framework. 

 

Through the report on review, we help you identify problems before they turns into risk for your business operation. We are ready to offer you an advice, help you understand the essence and provide you with the key proposals for the next step. This service is performed in accordance with International Standards on Review Engagements (ISREs).

Expenditure verification/Audit of financial statements of projects

​Expenditure verification engagement relates to the audit of financial statements of projects with the  goal of reporting to the provider of funds (donor or creditor) if the beneficiaries used the funds received in accordance with the terms of project agreement. By this procedure the auditor checks the accuracy of the information specified in the financial statements of beneficiaries and compares them with the terms of the loan/donation agreement.

Agreed-upon procedures engagement

These service relates to the performance of  procedures of an audit nature to which the auditor, the entity, and any appropriate third party have agreed general framework of the work and to report on factual findings. These engagements may entail the auditor performing certain procedures concerning individual items of financial data such as accounts payable, accounts receivable, purchases from related parties, and sales and profits of a segment of an entity, or even a complete set of financial statements.

 

Based on the above mentioned procedures, the auditor prepares a report based on which the client makes their own conclusions. This is performed in conformity with International Standards on Related Services (ISRS).

Assurance engagements other than audits or reviews

This type of engagement includes a wide range of services that use the auditing skills and knowledge for projects other than audit or review of historical financial statements. This includes expertise for the purposes of judicial proceedings in respect of accounting, tax and related matters, expressing a professional opinion, etc. This is done in accordance with International Standards on Assurance Engagements (ISAE).