Audit & Assurance

Audit & assurance remains our core business service and an ongoing necessity for our clients. We, at Abousleiman & Co., implement this practice in accordance with International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and International Public Sector Accounting Standards (IPSAS), as well as taking into account any applicable local laws and regulations. As such we seek to understand our clients’ business environment, as well as accounting policies, practices, and financial performance, in order to effectively evaluate the design and implementation of the internal control system, assess associated risks and/or material misstatements in the financial statements, including those which may be caused by errors or fraud. This culminates in issuing an audit opinion as well as a letter to management on our observations and recommended corrective measures to address any weaknesses or gaps in existing control systems. Moreover, we carry at expenditure verifications audits for donors’ organizations. Those past ones have included the European Commission (EC), UNICEF, & World Bank to name a few. In general, the audit process which we follow is outlined here: