Audit & Assurance
At Discovery Consulting, our Audit & Assurance Services are delivered through Tunde Johnson & Co., a dedicated arm of our firm. We go beyond providing opinions on financial statements; our purpose is to deliver valuable insights and constructive recommendations that enhance your financial and accounting systems. By collaborating closely with clients, we strive for excellence in every engagement. Our skilled auditors and advisors identify effective business strategies and integrate them into our approach, boosting operational efficiency and significantly enhancing the quality of our services.
Auditing
Our auditing services form the backbone of our commitment to transparency and accuracy. We conduct thorough examinations of financial statements to ensure they are free from material misstatements. Our team follows established auditing standards, offering independent assessments that add credibility to your financial reporting. This process fosters trust with stakeholders such as investors, regulators, and customers. Beyond compliance, we identify opportunities for improvement within your financial processes and provide actionable recommendations to strengthen your overall financial health.
Internal Audit Services
In today’s fast-paced business environment, organizations face new risks and innovative challenges that necessitate a strong internal audit function. Our internal audit services are tailored to evaluate and manage these strategic risks while also identifying operational opportunities. We work alongside your management team to conduct comprehensive assessments of your internal controls, risk management practices, and governance processes. This collaboration helps align your operations with your strategic objectives, ensuring your organization is prepared to handle any challenges that may arise.
Risk-Based Internal Audit
Our risk-based internal audit approach emphasizes prioritizing the most significant risks that could affect your organization’s ability to achieve its goals. Rather than following a traditional audit schedule, we assess your unique risk landscape and tailor our audit plans accordingly. This focused approach enables us to allocate resources efficiently and concentrate on the areas posing the highest risks to your business. By identifying potential vulnerabilities and evaluating the effectiveness of your controls, we provide valuable insights and recommendations to mitigate risks and enhance your governance framework.
Full and Fractional Internal Audit Outsourcing
We understand that many organizations may require internal audit support without needing a full-time team. Thus, we offer both full and fractional internal audit outsourcing services.
- Full Internal Audit Outsourcing: By choosing our full outsourcing option, our experienced team becomes an extension of your organization. We take on the entire internal audit function, providing continuous monitoring and reporting while collaborating with your team to drive improvements in your internal controls and processes.
- Fractional Internal Audit Services: For those not needing a full-time internal audit function, our fractional services offer flexibility and cost-effectiveness. We can provide periodic audits or specialized assistance as needed, ensuring you have access to our expertise without the commitment of a full-time team.
Investigation and Special Audit
Our investigation and special audit services are vital for addressing specific concerns within your organization. If you suspect fraud, compliance violations, or operational inefficiencies, our investigation services conduct thorough examinations to uncover discrepancies. We use advanced forensic techniques to gather evidence and provide you with a clear understanding of any issues.
Special audits can be initiated for various reasons, such as assessing a new business initiative or evaluating significant financial transactions. These targeted audits offer critical insights that help you navigate complex situations, make informed decisions, and keep your organization on track.
Our tax audit services ensure compliance with tax regulations and provide peace of mind regarding your organization’s tax position. If commissioned, we are ready to offer tax audit, monitoring, and compliance services to government revenue agencies. Our goal is to ensure all taxes due are correctly collected, remitted, and accounted for. Our tax audit team meticulously reviews tax returns and related documents to verify accuracy, identifying potential discrepancies and providing guidance on how to resolve them. This proactive approach helps you stay compliant with tax laws, minimizing the risk of costly penalties or audits from tax authorities.
At Discovery Consulting, our Audit & Assurance Services are designed to empower your organization with the confidence to thrive in a competitive landscape. From comprehensive auditing and internal audit services to risk-based audits, outsourcing options, special audits, and tax audits, we offer a full spectrum of solutions tailored to your unique needs. Partnering with us enhances your financial integrity, mitigates risks, and fosters long-term success. Our commitment to excellence and collaborative approach ensures we are not just your auditors but trusted advisors dedicated to your growth and prosperity.