Audit

The scope of an audit is determined by the legislation or rules governing the body to which it relates. However, the auditing techniques we adopt are of the highest standard and it includes inter alia:

• authoritative accounting and auditing pronouncements currently applicable
• adoption of advanced accounting concepts, internal control procedures and systems audit
• risk analysis and planning
• evaluation of internal controls in a computerised environment and adoption of computer audit techniques
• environmental audit
• adoption of analytical review techniques.

Our Approach

Our firm’s approach to auditing involves using the risk and assurance models to drive evidence  gathering and to collect and assess whether sufficient appropriate audit evidence was obtained to be able to draw reasonable conclusions to enable us to form an opinion.

At OO & Co. we ensure full compliance with International Standards on Auditing. We also undergo  regular inspections from the regulatory Bodies, such as the Financial Reporting Council of Nigeria.
We can work with management in planning appropriate control procedures for the business. We will use risk mapping tools to identify the critical operational processes and associated risks to assist management with its corporate governance responsibilities.

Benefits to you
The benefits from our methodology stem from our commitment to understanding our clients and ensuring procedures that will provide the necessary audit evidence with optimum timing and efficiency that you require.