Audit & Assurance

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The audit and assurance department of Klicksoft ensures that companies Financial Statements are in compliance with the International Financial Reporting Standards (IFRS’s) and provide accurate and financial information to shareholders and other stakeholders.

The methodology followed by our office is in line with the International Financial Reporting Standards (IFRS’s), International Auditing and Assurance Standards

Audit and assurance services include:

• Preparation of Financial Statements in accordance with the International Financial Reporting Standards (IFRS’s).
• Statutory and regulatory audit and issuance of an independent audit opinion on the Financial Statements of a company or non for profit organizations in accordance with the International Standards of Auditing (ISA’s).
• Assistance to clients for filing and submitting the required under the Law documents to Government Authorities and other Regulators, such as the Registrar of Companies, Revenue Department, and VAT authorities etc.
• Audits of consolidated Financial Statements.
• Evaluation of internal controls.
• Internal audit.
• Due Diligence services.
• Independent Accountants reports.

Accounts payable departments process hundreds of thousands of invoices annually, most without error. Unfortunately, supplier billing practices, incomplete or inaccurate invoices and challenges with ERP controls contribute to duplicate payments, overpayments and other errors. While the total number of occurrences is small on a percentage basis, the aggregate loss can be significant. Revenue’s unique methodology enables us to explore and recover transaction and contract losses - consistently delivering greater detection and recovery than can be achieved in-house or by other firms.

Corporate Experience with Cost Recovery Audits

Revenew specializes in companies with complex Accounts Payable systems. Our audit team members have considerable experience working as accounts payable managers for large and small companies. Based on their insider knowledge of a corporation’s structure, we developed the most comprehensive, efficient and minimally-intrusive recovery system available.