What is an audit?

An audit examines an existing system, report or entity and it is usually done by external partner. This independent review can be executed on many areas, such as review of Financial Statements, Operational Reports, Accounts, Expenses reports, Standards, etc.

The final result is usually presented in a form of report, were we can see for each criterion if the reviewed subject is meeting the criteria or not and why not.

There are many levels and different types of audit in line with audit purpose, objective, scope and performance process.

TYPES OF AUDIT

  • External Audit, conducted by an external company to keep high level of professionalism and to strictly follow local standards or/and International Standards on Auditing  
  • Internal Audit, internal control to check for frauds, compliance with standards or laws. Usually reported to BOD, Audit Committee, Owner or Director of the Company 
  • Standards, checking for compliance with internal standards, regulations and criteria
  • Financial Audit, revision of subject's financial statements
  • Operational Audit, checks for procedures and processes with the aim to improve productivity
  • IT Audit, assesses information security structure, security and integrity of the system

The Process

WE CAN ASSIST YOU ON MANY AREAS OF AUDIT EXECUTION. 

OUR CORE EXPIRIENCE

Our core experience originates in the Automotive Dealership Audit, where we are checking if the dealership is compliant with contractual obligations and other standards such as:
  • Financial - sufficient working capital and other financial indicators
  • HR - staff with appropriate background and experience and having sufficient number of staff
  • Visual identity - suitability of premises and location, compliance with CGP of the brand (facade and signage identity and adequate interior fittings
Sample Report (Source: Safetyculture.io)

Additional areas we cover:

  • HR Compliance
  • Budget Control
  • Process improvement
  • Customer Service
  • Cost Savings
  • Cash Handling
  • Credit Card Usage
  • CGP Compliance
  • IT Security
  • and many more...

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