Integrated External Audit
In conducting an external audit of an organization’s financial statements, Deloitte member firm professionals adhere to the accepted standards of independence, professional objectivity, and technical excellence. Deloitte’s audit approach is designed to be applied around the world, and provides the flexibility to serve the unique circumstances and complexities of member firms clients. The approach is to understand an organization’s business, the risks it faces, and its internal controls. Based on this understanding, member firm professionals assess the risk of material misstatement of the financial statements, and then designs effective audit procedures. For public companies subject to the internal control reporting requirements of the Sarbanes-Oxley Act (or similar global requirements), Deloitte integrates the audit of internal control over financial reporting with the audit of the financial statements. Member firms professionals bring a comprehensive methodology that leverages extensive professional and technical resources for member firms clients’ specific circumstances.