Audit

Business finance man calculating budget numbers, Invoices and fi - USFAAF

High levels of quality are essential to achieve financial goals. Quality is a source of competitive advantage and should remain a hallmark of Company products and services. High quality is not an added value; it is an essential basic requirement.

Quality does not only relate solely to the end products and services a Company provides but also relates to the way the Company employees do their job and the work processes they follow. The work processes should be as efficient and always improving. Employees constitute the greatest source for improving quality.

INTERNAL CONTROL AUDIT SERVICES

USFAAF’s Financial Statement & Internal Control Audit services provide audits and reviews of financial statements and reporting on internal controls in accordance with applicable professional standards. Our audits are planned to be responsive to our assessment of the risk of material misstatement based on the understanding we gain of the organization and its environment, including its internal controls. We utilize this understanding in designing the nature, timing and extent of our audit procedures, while maintaining an objective and independent attitude.

THE RISK OF CORPORATE FRAUD

Companies can’t afford to not be concerned about the risk of corporate fraud. Directors and management have a fiduciary obligation and a corporate responsibility to take steps to deter, detect and prevent it. Our integrated approach to fraud control helps organizations to understand their susceptibility to fraud risk, identify high-risk fraud areas, and develop a fraud control plan to address areas of critical fraud risk, monitor the ongoing effectiveness of fraud risk mitigation, and respond to actual instances.

GOOD CORPORATE

Good corporate governance ensures that transparency, accountability and fairness are embedded in the decision-making process of your organization. To achieve this, USFAAF will work with you to help develop an effective and efficient corporate structure with strong procedures and financial security using our knowledge of best practices.

INTERNAL AUDIT

An internal audit offers risk management and evaluates the effectiveness of a company’s internal controls, corporate governance, and accounting processes. Internal audits provide management and board of directors with a value-added service where flaws in a process may be caught and corrected prior to external audits.