IT Auditing

Service Overview

At Albarr Traders we have invested substantially to develop a disciplined, standardized methodology to drive audit quality and objectivity. All of our professionals are trained in the same methodology, ensuring the consistently high standards you expect of our firm.

To privately-owned companies, we offer the services of trusted business advisors – dedicated staff that are trained and experienced in working with owner-managed and/or family-controlled organizations. Your trusted business advisor approaches your audit from a different perspective since the audit of a privately-owned company is usually conducted in a less complex environment than that of a corporate organization. Through your trusted business advisor we offer you a “one-stop” solution and access to all our services including tax planning, legal advice, and a myriad of business advisory services.

We also offer industry expertise and sound working knowledge, best practice, and benchmarking opportunities within specific industries. Our high-quality, risk-based audit approach will provide the basis for a meaningful advisory role. Our approach also relies on the support of information system specialists from our Performance Improvement service offering.

Adding value through our IT Auditing service

In performing your audit, we will strive to go beyond a financial statement opinion to help you identify and manage your risks – control, compliance and operational – as well as generate value-added ideas and solutions. Your relationship with your trusted business advisor ensures that we add value to you at all times.

We will:

  • Focus on understanding your strategic business plans and operational processes in addition to the financial statements
  • Perform a thorough risk assessment to develop the audit plan
  • Develop an audit that builds on a growing understanding of your internal controls, policies, and procedures, recognizing the importance of internal controls
  • Include industry and subject matter experts in the audit process as part of your service team
  • Assess your financial statement compliance, and
  • Emphasize continuous and open communication with management.

Our approach will:

  • Be controlled centrally by your trusted business advisor to ensure an effective process
  • Evolve with your business, responding quickly to changes in risk profile and organisational structure
  • Challenge your people, including that outside of the finance function, reinforcing their responsibility for the integrity of the financial information on which you depend to run the business
  • Provide assurance, confirming that effective management and governance are in place and that key systems and controls are operating effectively, and
  • Be forward-looking, providing feedback that is relevant to the way you run the business.