Enhance the reliability and credibility of your organization’s financial reporting with independent audit services providers.
Auditors at Ebridge Legal
Ebridge Legal has a team of qualified accountants as Auditors who are members of a professional institute in the respective countries.
Auditors at Ebridge Legal provide services for annual audited accounts. This service involves providing a summary of your organization’s financial activity over a period of 12 months. These annual audited accounts comprises annual financial statements and records, including:
- Company’s transactions
- Financial position
- Performance
Our Aim
One of the cornerstones for the efficient operation of the capital markets is an independent audit of financial statements. For the financial reporting process and the accuracy of financial data to remain credible, audit quality is essential. The fundamental goal which Ebridge Legal strives to achieve is to provide assurance to you.
Understanding a Financial Statement Audit
Financial statements are a representation of an entity’s:
- Financial position (Balance Sheet)
- Financial performance (Income Statement)
The main objective of the financial statements is to provide information about an entity’s:
- assets
- liabilities
- equity
- income and expenses (including gains and losses)
- other changes in equity
- cash flows
Components of Financial Statements
A complete set of financial statements comprises:
- a balance sheet
- an income statement
- a statement of changes in equity showing either
- all changes in equity, or
- changes in equity other than those resulting from transactions with equity holders acting as equity holders;
- a cash flow statement
- notes, which provide a list of key accounting principles and additional explanatory notes
Regulating Authorities
- Securities and Exchange Commission of Pakistan (SECP)
- State Bank of Pakistan
User of Financial Statements
- Equity investors
- Loan creditors
- Employees
- Business contacts
- Government
- Public
The Five Phases of an Audit
The audit process can be summarized into 5 phases:
- Planning
- Risk Assessment
- Audit Strategy and Plan
- Gathering Evidence
- Finalizatio
We believe in 6 key principles to deliver optimal audit services for our clients in the private and public sector.
- Technical experience
- Focus
- Involvement
- Insight
- Integration
- Consistency
Annual Reports
The annual report is a document published by a corporation that summarizes its operations and financial results for the previous year. It contains the:
- Financial statements
- Reports from those responsible for governance (such as the chairman of the board of directors)
- Analysis of the company’s performance and strategy
- Details on risk management and governance
- Information for shareholders
- Statement on corporate and social responsibility
We aim to cover two major areas:
- Annual Report and Financial Statements
- Annual Report and Audited Financials
These annual reports help shareholders understand the management’s performance across the offered time periods provided by us.
Reasons for Auditing Financial Statement
4 reasons your business needs a financial statement audit:
- Facilitating business operations.
- Improving your company’s credibility and reputation.
- Detecting and stopping fraud (before it can escalate further).
- Identifying opportunities for growth and expansion.
Ebridge Legal Auditing Services for Businesses
Controlling daily operations and, more importantly, the company’s finances are necessary for running a successful firm.
The auditors at Ebridge can give you a greater insight of the operational costs, spending patterns, and overall financial health of your business, enabling you to accomplish your professional objectives.
Contact us today to schedule a consultation if you’d like to find out more about our accounting and bookkeeping services and how we can help you reclaim control over your company’s finances.