Audit & Assurance Services

Kozman & Co. audit & assurance services are designed to enhance the quality of information available to decision-makers. By providing independent assurance, we instill confidence in the reliability of the information used in decision-making, thereby mitigating risks. Through our audit and assurance services, we guide clients through the intricacies, risks, and opportunities within their business landscape. This not only amplifies transparency but also enhances the relevance and value of the information shared with the market and investors. The result is sustainable growth, a competitive differentiation strategy, and improved revenue.

STATUTORY AUDIT

A statutory audit is a legally mandated examination of the accuracy of a company's financial statements and records. In adherence to Egyptian Corporate Law No. 159 and Capital Market Authority Law No. 95, all companies operating in Egypt are obligated to prepare financial statements in accordance with Egyptian Accounting Standards. Furthermore, these financial statements must undergo audit scrutiny by an independent Certified Public Accountant.

Our expert team is dedicated to certifying annual accounts, formulating an objective opinion on the regularity and sincerity of the accounts, and ensuring compliance with the principle of fairness.

NON-STATUTORY AUDIT

As a fundamental compliance service, we specialize in conducting independent audits to not only mitigate risks but also to offer reassurance and visibility to stakeholders. Our approach is tailored to the unique needs of our clients' businesses, allowing them to distinctly address strategic priorities and areas crucial to their growth.

We offer a comprehensive review and provide opinions on the accuracy of financial statements and records for both companies and governmental entities. This type of audit is voluntary or optional, providing organizations with the opportunity to enhance credibility and transparency in their financial reporting.

FINANCIAL DUE DILIGENCE

Conducting financial due diligence is strongly advised prior to engaging in any proposed transaction, be it an acquisition, divestiture, strategic alliance, or capital raising initiative. Understanding the potential return on investment is crucial.

Our team specializes in investigative analysis, delving into the financial performance of companies through a meticulous examination of financial records.

The independent report we provide serves as a strategic tool, enabling our clients to comprehensively assess opportunities and risks, ensuring well-informed decision-making.

FINANCIAL STATEMENTS REVIEW

We conduct a review and evaluation of company financial statements through a process involving inquiries and analytical procedures.

Our objective is to obtain moderate assurance that no significant changes are required, without necessarily expressing an opinion.

While an audit provides a more robust level of reasonable assurance, our review offers a valuable assessment to assist in decision-making.

FINANCIAL STATEMENTS COMPILATION

We offer the preparation and presentation of financial statements based on information provided by the client.

Unlike an audit or a review, a compilation does not involve verification or assurance on the accuracy of the financial information.

This service is provided when a company or entity needs financial statements for internal use or for certain regulatory requirements, where audit assurance is not required.

RISK ASSURANCE

This service is broad and strategic, covering a wide range of risks (e.g., financial, operational, compliance, ...etc ).

It often involves ensuring that risk management frameworks, policies, and controls are in place and effective.

Our team adopts a proactive and forward-looking approach to provide an overall evaluation of how well risks are being managed across the entire organization.

It aims to give stakeholders confidence that risks are being identified, assessed, and mitigated in line with organizational goals.

INTERNAL AUDIT

Internal audit focuses on evaluating the effectiveness of internal controls and governance processes. It provides an independent assessment of whether an organization’s policies, procedures, and controls are functioning as intended and are in compliance with laws and regulations. Typically more specific and focused than risk assurance. It assesses individual processes, departments, or systems to identify inefficiencies, errors, fraud, or non-compliance.

Our team adopts a retrospective and often investigative approach to identify issues after occurring, allowing management to address control gaps or compliance failures.

IT AUDIT & CYBERSECURITY

This service focuses on evaluating and improving the information systems, processes, and controls while managing cybersecurity risks by assessing the adequacy of controls over IT systems and related data security, compliance, and the effectiveness of IT governance.

Our team of auditors identify, analyze, and document IT risks that may impact financial reporting or operational integrity. They check threat detection and response, and do vulnerability assessments to develop cybersecurity policies and ensure compliance across the organization.