AUDIT AND ASSURANCE

An accurate financial picture supports decision-making. Profit Bite Business Consulting LLP is committed to consistently delivering quality audits, enabled by the power of technology and the strength of our people

Internal Audit

Successful organisations recognise that an effective internal audit service can make a very positive contribution to the management of risk and the smooth operation of the business.

Our internal audit professionals can work with you to understand your business strategy and its associated business drivers, and how that strategy is delivered through an appropriate operational business plan and process framework. Your stakeholders will benefit from experienced independent professional evaluations and a review of the quality and effectiveness of the Internal control environment within your organisation.

Internal audit can add value by :

• Focusing on risk areas through the participation in corporate governance and risk management processes.

• Evaluating and recommending process improvement opportunities.

• Researching best practices and making recommendations for change.

• Monitoring the implementation of management strategic actions.

• Organising itself as a cost effective business unit. When designing an internal audit function, strategy must drive tactics, not the reverse.

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IFRS Reporting

Profit Bite Business Consulting LLP is a leading IFRS reporting services providing company that offers end-to-end IFRS reporting services and solutions to help you easily adopt and enforce the global accounting standards across your organization and business processes. Our seasoned financial consultants first carefully analyse your organization's accounting and reporting requirements and then advise the right solutions that accurately fit into your business goals.

IFRC Solutions include :

• Preparing Individual and consolidated financial reports in compliance with International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (US GAAP)

• Assisting companies to understand, operationalize, and assess impact of complex accounting and reporting changes resulting from shifting regulations, new accounting standards, change in business structure;

• Understanding the impact on other strategic initiatives in your company (e.g. Quality Close, Enterprise Resource Planning (ERP) and other system integration and upgrade initiatives)

• Providing support with the end-to-end accounting, process integration, and financial reporting support related to mergers, acquisitions, IPOs and divestitures;

• Development of new IFRS accounting policies and procedures

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Information System Assurance

Any organisation can be vulnerable to attack or the break down and failure of their IT systems. This can be due to flaws in the design of the infrastructure, weak configuration settings, failure to apply security patches, or poor security management.

Unauthorised access to your systems and your data can have serious operational, financial or legal implications, as well as damaging your reputation. Even firewalls and antivirus technologies are prone to vulnerabilities and hackers are constantly developing new ways of exploiting security weaknesses.

We offer a variety of of specialised information security services designed to reduce the risk and impact of unauthorised access to your systems and data. Information systems assurance professionals provide advice to help you make your systems, and the processes they support, function as intended and that appropriate contingencies are in place to allow your organisation to operate business as usual in the event of not being able to access systems. By assessing all significant risks and ensuring they are being appropriately managed, we can also help you consider how to use your IT systems to better achieve your objectives.

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Global Audit

Whether your organization needs complex group audit services or compliance with foreign statutory audits, We provides not only the peace of mind that comes with compliance but also help you make timely strategic decisions based on accurate global financial information. Our hands-on approach, attention to detail, and audit efficiency translates into a deeper understanding of your worldwide entity. The types of global audit services are Operational, Financial, Compliance and Information Technology Audits or Assurance Services and process Audits.

Our audit methodology has been developed by our leading firms with public interest as priority. Of course we need to complete an audit in accordance with relevant international and national standards but our audit process is flexible, which enables our audit teams to modify their audit approach to better match the needs and circumstances of individual clients.

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Our Solutions Include :

• External Audit Services

• Internal Audit Services

• Forensic Audit Services

• Public Sector Audit Services

• Tax Audit Services

• Information system Audit Services

• Environmental & Social Audit Services

• Compliance Audit Services

• Process Audit Services