Audit and assurance

An audit of statutory accounts provides assurance to the users of those accounts that they have been prepared in accordance with relevant accounting and regulatory standards. RSM will talk to management about their observations and findings during the audit to help the business improve its compliance and performance. Our professionals specialise in particular sectors and industries, to give a deeper understanding of the challenges that may be faced. Prior to commencing an audit, our audit teams will visit you to understand how your business operates, the risks it faces and how to work with you to complete an effective and high quality audit.

Our audit methodology has been developed by our leading firms with public interest as priority. Of course we need to complete an audit in accordance with relevant international and national standards but our audit process is flexible, which enables our audit teams to modify their audit approach to better match the client needs and circumstances.

Over 100 countries now use International Financial Reporting Standards, a number that is set to rise to around 150 countries over the next five years. If you are an ambitious, internationally-active growing organisation with plans to expand into overseas markets, you need precise tailored advice on IFRS.

We have experts in IFRS who have developed over a number of years an in-depth expertise in IFRS and their implications in local markets. The IFRS experts within RSM will support and guide your business through a range of potentially complex IFRS issues. 

Our IFRS services (comprising full IFRS and the IFRS for SMEs) include:

-IFRS conversion projects;

-Audit of IFRS financial statements;

-Reconciliations between IFRS and National GAAPs;

-IFRS training and technical assistance;

-Assistance in the preparation of IFRS complex accounting matters.

Our assurance services do not end with audits of financial statements. Other forms of corporate reporting and disclosure gain credibility from independent external assurance. Using tried and tested methodologies, our member firms provide a range of other assurance services that are suited to your particular reporting needs, including:

-Service Organisation Control Attestation

-Information systems and controls assurance

-Forensic audit and investigation

-Engagements in accordance with:

                       -International Standards on Review                                                                                          Engagements

                        -International Standards on Assurance                                                                                   Engagements

                         -International Standards on Related                                                                                          Services

                          -International Standards on Review                                                                                          Engagements. 

Nonprofit organizations and educational institutions face special challenges in managing their operations, including the need for independent and objective audit procedures. These entities must address a variety of operational and technological issues while simultaneously ensuring accountability and transparency to diverse stakeholders. They also bear the responsibility of managing public funds and grants effectively, while delivering high-quality services efficiently.

With our experience and industry-specific knowledge, RSM is well equipped to help you navigate these complex financial and operational challenges. We offer a comprehensive range of services tailored to your specific needs. 

Our team of professionals is committed to providing you and your organization with an independent and objective audit of your financial statements.

For organizations receiving donor funding, compliance with donor audit requirements is paramount. We are well-versed in donor reporting, ensuring obligations are met accordingly. We also recognize the importance of financial strategies in maximizing grants and donor dollars. We leverage our digital audit ecosystem to enhance the effectiveness and efficiency of your audit, minimize disruption and uncover valuable information for better decision making.