For years, Deloitte Touche Tohmatsu has been at the forefront of improving audit quality.

We ground our audit process in a robust understanding of each client, its industry and its environment.  Based on this understanding, we assess controls and the risks of material misstatement of the financial statements, including those caused by fraud.  We then design and perform audit procedures to address risks that may precipitate material misstatements of the financial statements. 

We determine the need for specialised skills in the planning, performing, and evaluation of our procedures.  We also carefully review the results of our procedures to reach an opinion on the financial statements and determine whether our risk assessment and audit plan are appropriate.

Because the audit process is fully integrated with supporting technology (Audit system/2), our people have access to detailed guidance that is geared to their level of experience to guide them throughout the process, while also allowing for an appropriate level of professional judgement. 

We use quantitative and qualitative methods to determine the extent of our work.  Our approach is rigorous and delivers a high level of consistency to clients across our practice.