Most entities today expect more than cost-efficiency
from their audit. They want value-added service. Aldar Audit
Bureau delivers both. We strive for our clients to view our
audit as a value-added tool for helping the growth and development
of their business, rather than a passive watchdog function.
By focusing on your business and the risks you face, our approach
not only helps provide a better audit, but also gives us a
catalyst for constructive recommendations on your operations.
Entities selecting Aldar Audit Bureau to
perform their audit are selecting a firm with a worldwide
reputation for integrity and exceptional professional standards.
Aldar?s reputation for independence, honesty, quality, and
adherence to accounting and auditing standards is transferred
to your financial statements when we sign our report on your
statements. Our professional reputation is our most prized
asset.
In the current business environment, both
locally and internationally, there is an increasing level
of importance being placed on compliance issues and requirements,
for both private and publicly listed companies. These requirements
range from statutory audits to corporate governance and stewardship
issues. There are greater expectations of transparency and
increasing requirements for disclosure.
This is particularly true for companies who
wish to expand by obtaining a public listing, and it is equally
true for organisations seeking to grow through the raising
of capital in the public and private markets. At Aldar, we
partner and help you to achieve your objectives. We recognise
the needs of growing businesses and have tailored our services
to produce the results you want.
The by-product of our work is not just an
opinion on your audited financial statements. Potentially
of greater importance to you and your business is the operational
and management advice that we can provide to help improve
and strengthen your accounting and operational functions in
order to safeguard assets and exploit available business opportunities.
Often we can make several recommendations just by walking
through your warehouse or manufacturing operations, along
with conducting some brief interviews with your key operational
employees.
Innovative Use of IT
Grant Thornton International has an unparalleled
commitment to developing leading-edge software tools and using
technology to ensure your audit is not only effective, but
also efficient. We use specially designed software tools to
implement our audit approach, which was developed with middle-market
clients specifically in mind. Some of our tools include: -
- Explorer, a software program developed to implement our
risk-based and paperless audit approach.
- IDEA, a data manipulation software, which allows direct
access to data in a machine-readable format, facilitates
review of entire data files or selected fields and performs
calculations and useful audit functions
- CBEAM, a work paper generation package we use in audit
planning, analytical procedures, and the production of work
papers and financial statements.
- INFOCUS, developed to assist in documentation of a client's
accounting system and control procedures.
- GATS software tools used primarily for audits of financial
institutions.
The use of technology by Grant Thornton International
firms reflects the way their clients do business.
As information technology develops, Grant
Thornton International firms will continue to introduce new
software and modify existing versions to maximise audit performance.
Technology allows us to reduce the time that
was previously spent on various routine functions and enables
us to extract and analyse data with a minimal amount of effort.
As a result of this, we can concentrate our efforts on the
business issues.
Our approach?
Our approach is not that of a typical accounting
firm which solely "looks in the rearview mirror" to see what
happened last year.
Our audit approach is risk based; however,
this approach is not used to avoid conducting appropriate
audit procedures. Rather, we gain a thorough understanding
of your business to focus audit procedures where risk is the
greatest. We are also focused on the future and make every
effort to add value to your organisation. Only by working
in partnership with management can we help them recognise
their strengths and weaknesses and identify the best way of
grooming and growing their business. As no clients are excluded
from this process and all our auditors use the same audit
approach, we are able to deliver a highly effective audit
efficiently.
Global coverage
Our audit methodology is applied consistently
around the world. Whether your operations are located within Saudi
Arabia or are spread through the world, you can expect
a consistent and uniform approach to the audit.
In summary
- Our Audit is a partner-led service where experienced
specialists are involved in all stages of the process to
ensure that what we deliver corresponds to your needs and
expectations.
- We will assess your internal financial controls to result
in better planning for the future of your business.
- Our focus is on understanding the important transaction
cycles affecting your business.
- We employ the most advanced auditing techniques to assist
in analysing the components of your financial statements.
- Whatever the size of your company, and wherever you operate
in the world, we tailor our service to your immediate and
longer term needs.
If you're looking for an auditor who will
appear once a year to produce the annual accounts, then
we can't help you. However, if you think there is more to
the audit process than that, click
here.
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