Financial Audit & Review

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.

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 to design the nature, timing and extent of our audit procedures, while maintaining an objective and independent attitude.
Alongside other controls (such as Performance Measurement and Management, Risk Registers, and team briefings), Assurance Statements are used to provide the Chief Executive and Directors with evidence and confirmation that:

  • Proper internal controls are in place;
  • That those controls are operating effectively;
  • Key risks are being managed to enable the achievement of business objectives.
  • Provide a formal early warning system at relevant levels

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 governance ensures that transparency, accountability and fairness are embedded in the decision-making process of your organization. To achieve this, US FAAF 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.