“Appointing external auditors is a decision that is driven often by governance needs but also by a desire for a better way of doing things; more collaboration, fresh ideas, more value.”
Contact usOur Experience
We bring deep expertise and best practice insights through our experience in working with a variety of entities both locally and internationally. We will give you confidence in our audit approach and therefore the peace of mind to enable you to focus on your strategic objectives.
Industry focus:
ICT & Telecommunications
Financial Services
Not-for-Profit
Consumer Products
Small and Medium Enterprises
Audit Methodology
Audit approach: customised, responsive and aligned with your needs.
An agile and innovative approach to a quality audit methodology
All firms have an audit methodology that is driven by international standards. The real point of difference is the people that execute the audit and the lateral thinking that goes into tailoring the audit to fit with your needs.
The manner in which, we at Primorial inc. engage with our clients, is a unique style developed with the sole aim of producing a quality audit.
“An audit which is risk-based and partner-lead means a significant amount of partner involvement throughout the audit process to ensure the audit strategy focuses on areas of greatest risk”
Our Audit Methodology encompasses four key elements:
- a refreshed, risk based audit methodology that emphasises professional judgement over checklists
- a refreshed, risk based audit methodology that emphasises professional judgement over checklists
- a refreshed, risk based audit methodology that emphasises professional judgement over checklists
- a refreshed, risk based audit methodology that emphasises professional judgement over checklists
Key elements of audit approach – Risk assessment
Our audit is preceded by a detailed risk assessment in conjunction with senior members of your management team.
This will allow us to identify the appropriate areas on which to focus our audit activity.
Managing the transition from the current service provider and understanding your business
A well-managed transition can be an important opportunity for established routines and accepted views to be challenged – an opportunity to find a better answer and to add value to our clients. We are experienced in transitioning new audits, with a hands-on partner led approach.
Communication
We believe that communication is critical. Regular communication with you is central to our audit approach.
Our communication will be on-going in order to monitor issues, identify and discuss emerging reforms, keep you abreast of accounting and regulatory matters and update you on our audit progress.
During our audit visits we will meet regularly to ensure the audit is progressing as planned and any issues are immediately resolved as and when they arise.
“We would like to develop a relationship where your management team is comfortable to pick up the phone and contact us for assistance anytime throughout the year.”
Quality Assurance
Primorial inc. will conduct the audit service in accordance with International Auditing Standards.
Our Independent Quality Reviewer, also a registered auditor, has over 30years experience in audit regulation and investigation locally and internationally. Regular training of all our assurance and non-assurance staff ensures we remain abreast on all technical matters to enable us to carry out their responsibilities.
“Open communication and partner led resolution is our focus”
Independence
We understand that external auditor independence will be an important consideration in selecting an audit firm.
Primorial inc. has implemented a comprehensive approach to maintain and monitor auditor independence.
“Our commitment to independence starts with setting the tone at the top”
