TGS manohar lall

Audit and Assurance

We Make Your Business Our Priority

In the ever-changing environment, businesses should not compromise on quality, and must be equipped to take well-informed decisions affecting their businesses by having proper systems and execute good governance to enable them to face challenges, grow, and succeed.  We strive to offer the best financial solutions and advice to help strengthen your business foundations.

It is essential for the owners and management that the financial management and its supervision are properly organised. In practice, evaluation is carried out in a planned manner from fiscal year to fiscal year in special situations, transitional stages, and seasonal changes. We understand you and want to bring added value to the owners and management with our own experience and expertise.

We utilize our experience and industry knowledge to formulate customized audit approach that takes into account your unique business environment and your overall objectives.

Statutory Audit

The audit profession is subject to strict oversight by the Institute of Certified Public Accountants of Kenya (ICPAK) to ensure quality in financial reporting as well as carrying out audits in accordance with International Standards of Auditing (ISA). Financial statements are required to be in compliance with International Financial Reporting Standards (IFRS) developed by the International Accounting Standards Board (IASB). 

 At tgs manohar lall & rai, our audit approach includes a thorough understanding of our client’s business and the risks associated with the business and carry out various risk assessments and other procedures that enables us to carry out effective and efficient independent audits and add real value.  Our audit procedures are risk based, focused on rigorous risk assessments procedures with diagnostic processes and audit testing procedures tailored to specific industry and entity and circumstances.

Internal audit

Internal audit is critical in ensuring that business processes reflect documented policies and procedures. The purpose is to ensure organizations are compliant with procedures, framework, and regulations. It improves efficiency of operations, evaluates risks, protects assets, assesses controls, and ensures legal compliance. Internal audits also identify operational issues and challenges and recommend solutions to these problems. 

 With our extensive knowledge we provide internal audit services to assist clients set up internal controls and procedures and carry out internal audits.

Forensic audit

Forensic audit ensures that there are no fraudulent or illegal operations in the workplace.  The work we carry out is detailed and digs deep into issues to help provide businesses with answers that are not readily obvious – who, what, why, how, and when.  Unlike Statutory audit,  Forensic Audit/ Review goes into greater depth and detail and is conducted for several reasons including the following: 

  • Conflicts of interest
  • Bribery and corruption
  • Financial statement fraud
  • Acts of deception such as fraud 

Projects Audit

Donor funded projects often have reporting standards to be complied to and the objective of the audit of project audits is to enable the auditors to express an independent professional opinion on the financial position of a project and to ensure that the funds granted by donors have been used for their intended purposes and validity and accuracy of project costs and existence of assets and liabilities

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