Audit & Assurance
An independent review gives the people who rely on your numbers — owners, banks, partners and regulators — a defensible basis for that reliance. PQS agrees the engagement scope in writing up front and delivers findings you can act on, not generic reservations.
What we do
- Audit of financial statements and accounts within the agreed engagement scope.
- Review of the document cycle and internal controls, identifying weak points.
- Substantive testing of balances and transactions based on materiality.
- Review of compliance with the company's approved financial policies and procedures.
- Audit report, professional findings and management letter.
- Limited review or agreed-upon procedures engagements where appropriate.
Who this is for
- Companies that require an annual audit of their financial statements.
- Owners or partners seeking an independent view of the company's position.
- Businesses approaching bank financing or admitting a new partner.
- Management teams that want control weaknesses found before they become losses.
How we work
- 1
Define the scope
Engagement type, scope, period and deliverables agreed in writing.
- 2
Plan
Understand the business, assess risk, set materiality and design testing.
- 3
Execute
Perform procedures, gather and document audit evidence.
- 4
Report
Discuss findings with management, then issue the report and deliverables.
Frequently asked questions
What is the difference between an audit and a limited review?
A full audit applies broader procedures and evidence and concludes with a higher level of assurance. A limited review is narrower in both scope and procedures. We explain the difference and the expected deliverables before engagement.
How long does an audit take?
It depends on the size of the business, the quality of the books and document readiness. We give an indicative timeline after an initial review.
Does an audit find every error?
An audit is performed on a sample and materiality basis within an agreed scope. It is not a guarantee that every error or irregularity will be detected, and the limits of the engagement are stated explicitly in the engagement letter.
Related services
Accounting & Bookkeeping
Clean, current books and financial statements delivered on a fixed schedule.
Read moreTax & Tax Advisory
Compliance kept current through the year, and clear advice before decisions, not after.
Read moreCompany Formation & Business Procedures
Incorporation, amendments and government procedures — documented properly and followed to issuance.
Read morePayroll & Social Insurance
Accurate payroll, orderly employee files and insurance obligations met on time.
Read moreFinancial & Business Advisory
Management reporting, budgets and cash flow built to support decisions, not to be filed away.
Read moreNeed accounting or tax support? Talk to PQS
Book an initial consultation. We will understand your need, set out the options, and define scope and timelines before any commitment.