Purpose of the Audit
Andrew Wandesford Pater Comber - Senior Consultant of the Company Audit Department,
The Institute of Chartered Accountants in England and Wales
London Business Group can provide independent audit services designed to enhance the reliability of information prepared by clients for use by investors, creditors, and other stakeholders, including country-specific statutory requirements. Audit services also include a range of other forms of attestation reports.
Financial Statement Audit
An independent audit of financial statements, first of all, contributes to investor confidence and therefore to the effective functioning of capital markets.
London Business Group’s audit approach is based on a consistent methodology developed to comply with International Standards on Auditing. It is built on the basis of core principles relating to professional integrity, independence, and ethical behavior with which all partners and staff must comply. Professionals of the auditing teams are enhanced by an established set of supervision, review, and consultation standards and technologies and tools. Teams are enhanced with necessary technical and information bases. The full range of international audit expertise is brought to bear on our work. In London Business Group everything is designed to help teams focus on the issues that impact audit judgments and improve the effectiveness and efficiency of the audit.
We provide full support to ensure that our audit teams operate with the best professional knowledge. Compliance with professional norms is under regular control and monitoring by our specialists.
Skilled and diligent professionals are always encouraged in London Business Group. Professional standards are considered to be as follows:
- professional skills,
- compliance with norms of ethics,
- professional collaboration with all experts and management of our company,
- accumulation of information on the practice and expertise and changing business environment.
Forms of Attestation
LBG Audit professionals provide attestation services that are designed to help our clients address specific issues. These include prospective reporting and other forms of attestation.
London Business Group prepares prospectus financial information in a context where there is a regulatory requirement for the prospectus financial information to be reported on by an independent, external audit firm. Examples include prospectus financial information presented in certain jurisdictions. Where appropriate, professionals of London Business Group provide relevant reports on the prospectus financial information in accordance with applicable reporting requirements. Services are conducted in accordance with Audit Standards.
Other forms of attestation
London Business Group is often called upon to assist clients to issue reports on examinations, reviews, or agreed-upon procedures. These services cover many types of attestation that fall outside the financial statement audit requirements. They respond to the business needs of the clients to obtain independent assurance on the reliability or validity of information related to a product, service, or activity that is the responsibility of the client/company. London Business Group professionals will usually conduct these services in accordance with the International Standards of Audit or country-specific standards.
We are always available to share our professional knowledge with You.