How is the service delivered?
The service is delivered through the following steps:
- Kick-off meeting with the client and the target: we discuss and make it clear and agreed on the scope of work; specific requests; schedules; contact persons; cooperation mechanism; list of information and documents to be provided by the target; procedures to be performed.
- Planning (at our office): we obtain an understanding of clients' business environment and related internal control systems to determine the most effective and efficient approach and resources for the clients.
- Fieldwork (at the target’s office): we will visit the target's premises and perform the following procedures basing on the planning work: (1) obtain details of all data presented on the financial statements; (2) analyze and study the nature of the data and transactions; (3) reconcile and check accounting documents & related papers; (4) interview related people of functional departments (such as Accounting & Finance Dept, IT Dept, Purchase Dept, Sale Dept, Inventory Dept, Production Dept, HR Dept, Management,..); (5) analyze and reconcile data; (6) recalculate data with proper models; (7) consult industry experts..). Further procedures will be applied, if necessary or specifically required, are: observing physical counting of inventories and assets, sending confirmation letters to stakeholders such as customers, suppliers, lenders, investors;
- Reporting: After the fieldwork, we prepare and send the reports to the client. Direct meetings will follow, if required, to present the reports in detail.
While processing the work, we always try to apply proper technology and tools to our work to increase automation and efficiency. We believe that technology application will help to improve report quality, deadline commitment, confidentiality, and cost-saving.