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.
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
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