In today’s changing world, CEOs and CFOs, as well as Audit committees and others charged with governance are held accountable as never before. Companies need independent, objective audits to help maintain their reputation and the public’s trust.
Deloitte’s Audit Service capabilities are built on the latest in audit technology, we are passionate about setting the standard for excellence in audit quality. The Deloitte Audit offers cutting-edge audit technology, addresses new regulatory requirements, incorporates multiple Generally Accepted Accounting Principles (GAAP) compliance, and facilitates the auditor’s understanding of business processes, controls, and risks.
This consistent international audit approach promotes audit quality and efficiency and facilitates the ongoing development of audit professionals. The approach also reduces the risk that important audit findings may be misunderstood when a participating member firm communicates with the primary client service team.
Our risk-based audit approach is designed to obtain a thorough understanding of the client's global business, assess financial statement risks, and consider the reliability of internal controls over financial reporting. Deloitte member firms' audit teams then tailor the audit plan to address the risks, objectives, and control reliance strategy they have identified. Throughout the audit, our teams continually assess risk and how audit findings bear on their testing procedures, allowing them to address issues appropriately as they arise.
Our Enterprise Risk Services (ERS) professionals help clients identify and assess risk and uncertainty and enhance the reliability of systems and processes throughout the enterprise.
Core competencies encompass capital markets, control assurance, internal audit, regulatory consulting, and security services. ERS professionals play a vital role in providing risk assessment and technology support for audit engagements. This has become increasingly important in light of new internal control reporting and attestation requirements in various markets.
Technological innovation, globalisation, regulation, and the increased accountability of senior management and boards have combined to significantly change the landscape of risk management. Through industry-based risk control specialists, Deloitte member firms deliver market-driven integrated solutions to advisory clients. Our best practices and global framework for services enhance cross-border synergies and collaboration. We have e-enabled knowledge transfer and client service delivery and we focus on value-creating services that improve the effectiveness of risk management.