Accounting & Auditing

Nature of the work within the Department of Audit

ATC Office has a number of chartered accountants who have the technical expertise and high specialized and qualified scientific and practical to review all economic activities within the Arab Republic of Egypt and abroad, and provide excellent services in the field of auditing and financial consulting by setting goals that we are always striving to achieve which are represented in the following : -

 Providing professional services  that meet the needs of clients with integrity, objectivity and mastery.

Good diagnosis of the problems faced by our customers in our area and to develop appropriate solutions and proposals to address these problems and achieve goals that our customers are looking forward to .

Providing excellent professional service at an affordable cost and unparalleled speed without  prejudice to the professional level .      

Contributing  to the development of accounting and auditing profession in the Arab Republic of Egypt and keeping up with global developments of both professions

Permanent and continuous development of professional cadres to provide excellent services to the firm's clients.

Stabilize the material and moral to the Office by expanding the customer base and maintain existing customers Maintaining the confidentiality of the information made available to us by our customers  which are not  released except after  the written consent of the client

The auditing process is based on  abiding  by the Egyptian auditing standards and in light of applicable laws through the following steps:.

 Planning for audit

We are developing a proper plan for auditing to ensure the optimal implementation of the auditing operations.

And at this stage  meetings are held with the client  at our office premises to reach  the proper understanding of the work , the accounting system used and internal control systems, as well as reporting system (hierarchy positions) that is applied within the client company.

At the end of that stage we  will have the ability to identify key areas of audit and review the nature and timing as well determining  the method of effective systematic in  addition to the selection of qualified audit team to review the implementation of the tasks required

Interim Audit

Interim auditing is performed at a time earlier enough before the end of the fiscal year of  the company which  is intended to identify the company's activity and the changes in the Company's financial position during the year to plan for  auditing  of financial statements for the end of the year

Auditing includes planning for the internal control systems of the company and its effectiveness in detecting errors and correcting them on time as well as planning for appropriate audit evidences which helps us to give an opinion on the financial statements of the Company.

 At the end of the first stage a preliminary report  will be issued including  our most important observations on the company internal control systems (weaknesses) and the solutions  we propose to strengthen the internal control through  effective means for avoiding fraud and error

Management letter

We prepare a letter to top management at the end of our visit for making  an interim auditing . Also we give our recommendations on the weaknesses of the accounting and internal control systems and other aspects.

This will put in the hands of our client the professional advice and  constructive to  improve the accounting and internal control systems to help management achieve the objectives of the company effectively

Final Audit

At this stage financial statements audited and we make inquiries , submit our observations and  making such a limited test to identify any changes in the internal control and accounting systems during the remaining period

Then we perform the selected set of audit procedures to obtain reasonable assurance concerning the soundness of the financial statements and form an opinion on those statements. . : Some of these measures are 

 A- Auditing   and reconciling final accounts to  accounting records.

B- Verifying  the existence of assets  shown in the balance sheet, its value and the amounts of the obligations and provisions to ensure that

      the budget clearly reflects the soundness of the financial position .

C- Checking  income  statement to ensure  showing the actual  operating results of  the company.

D- Making  sure that the disclosure and presentation  of the notes to  the financial statements are in accordance with generally accepted accounting principles and under the laws and regulations applicable .

Internal Audit

It is possible that our office conduct a monthly  internal audit   of the company accounting records and documents, including  the following: _

 * Study the organizational structure of the company to recognize the limits of the authorities and responsibilities and ease the flow of instructions , data and     financial information to and from senior management.

* Studying  bylaws and regulations applicable in your company in order to evaluate these systems and regulations and their effectiveness to safeguard the assets and property of against all forms of  misuse.

* Examination and assessment of and accounting principles and policies applied by the company and its compatibility with the updated Egyptian Accounting Standards.

* Documentary study courses are applicable company and identify control points and test points and their effectiveness in addition to our recommendations to strengthen those points or using other control points  which are more effective.

•  We compare the budgets prepared by the  company management with actual results and study the causes of the differences, if any, and submit our   recommendations proposed in this regard  and providing   the company with our observations on the work of  the monthly internal audit and our recommendations thereon.
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Continuous contact with the client

We are keen to maintain contact with the client company's management in order to be aware of any developments and provide the client periodically of the latest developments in the areas of industrial activity , tax legislations  and accounting standards a any other areas related to the client.

Confidentiality

ATC Treats all the information relating to  the company's activities revealed to   ATC in the context of the performance of the task  with utmost  confidentiality as long as it has not been  circulated  to the public and and can not be disclosed to ATC employees not involved in the task  or any third party it without the prior written consent of  your esteemed company and will be disclosed to  official authorities and   , after notifying the responsible officials   in your company

Report on the financial statements

In light of the information and results of the audit that identifies us through the various stages of review, we issued our audit report on those financial statements.

Other Services

Our office provides the following services related to:

• Due diligence auditing 
• Special purpose audit
• Periodic reports (financial positions)
• Establish and develop internal control systems
• Preparation of manuals for internal audit departments
• Designing  and development of accounting systems and documentary cycles
• The establishment and development of systems cost