Learn about the client's business, website, and competitors in order to provide you clear documentation to be used throughout all other stages of the project.
This understanding enables us to appreciate which events and transactions are likely to have a significant effect on the financial statements.
Obtaining an understanding of the client’s business is key to an effective and efficient audit. It enables us not only to tailor our work to meet the individual facts and circumstances of each client, but also to carry out that work and to evaluate our findings in an informed manner. Our knowledge of the client’s business also helps us to develop and maintain a positive professional relationship with the client.