External Audit Services
For many organizations, publishing audited accounts once a year is something they must do by law. At MGK we believe that the real value of the audit process goes far beyond legal requirements.
Our audit approach strongly emphasizes early planning to learn the unique aspects of your business followed by execution, reporting and follow-up phases. This is aimed at providing an effective, cost-efficient and independent audit that is performed in a timely manner to give confidence to investors, financiers and other stakeholders who are not involved in the day-to-day running of the business. We use various audit tools to ensure compliance with the professional and regulatory standards.
Our external audit services includes the following:
Statutory audits
Fulfilling your statutory requirements is essential. But at MGK we offer more. Our audit commitment is based on understanding your business - your industry, your operating environment, your corporate goals, accounting and control systems and also your people.
Our experience and insight means we develop targeted audit plans that are specific to your needs.
Due diligence audits
At MGK, we ensure that stakeholders make the best decision when planning to invest.
Depending on the circumstances at hand, with an experienced team, we ensure that the assurance that we give to the organizations can be relied on in critical decision-making.
Project audits
Quality is embedded in all our services. At MGK we deploy partner-led audit services including project audits to independently determine if a project's activities complies with the laid down policies, funding agreement, laws and regulations, procedures, and processes as well as evaluate whether the project's financial statements and accompanying reports are in sync with the project's goals and objectives.
Forensic audit
We conduct evidence based forensic audits and our team is adept at analyzing and distilling information to address fraud cases and irregularities.
Our team of experts will take a thorough and objective approach in the forensic audit and provide you with:
- A clear understanding of what happened
- Identification of the root cause
- Recommendations for remediation and prevention
We are also available when it comes to presenting expert evidence when called upon.
Other special purpose audits
Depending on your specific needs, we tailor our special-purpose audits to address and respond to your needs.
Be it compliance with funding agreements, service charge audits for the rental industry, auditing disputed bank accounts, auditing disputed loan accounts, we give due consideration to the requirements of the specific users in the planning, execution and finalization of each audit.
Agreed upon procedures
We conduct agreed upon procedures in accordance with the International Standard on Related Services 4400 without losing sight of the key goals and objectives of the assignment.
We have in-depth experience in offering agreed upon procedures to the not for profit and for profit sectors of the economy.