The credibility, objectivity and insight in accurate financial reporting have become vital in the wake of the corporate scandals.
Financial analysis is more sophisticated then ever. Users of financial statements are demanding more predictive information to help keep them informed.
CODDAN assurance services have added benefits for clients far beyond their expectations. For example, they bring credibility to your financial picture, they communicate information objectively and in a way that makes data easier to find and understand. Beyond these basics, they provide insight to allow you improve your business. These benefits also apply to our other assurance services.
We work hard to maintain high ethical standards of professional practice, including an independent and objective system of quality control procedures in accordance with regulatory and professional requirements.
CODDAN is registered with ACCA in order to serve as an independent auditor for companies. At CODDAN we cherish this independence.
All professional personnel and audit partners are required to annually confirm their independence from the firms’ assurance clients.
The director of accounting and auditing, independent of any client duties, is responsible for overseeing this process and maintaining the independent rules between auditors and clients.
We have rigid ethical standards for acceptance of new engagements. The large or complex ones require the approval of the principal partner with professional standards.
Assurance engagements
All assurance engagements are reviewed by a partner or manager who is not involved in providing services to the client.
We require mandatory consultation with extremely specialised auditing issues. An independent qualified firm regularly reviews our work at our expense and we are always committed to excellent work to receive good opinions in the reviews. We conduct our own internal peer reviews on a regular basis. Our training programs provide at least 15% more training than required by professional standards.
Apart from statutory and non statutory audit of financial statements, CODDAN provide a range of specialised audit functions to clients. Amongst which are:
Personnel Audit
CODDAN share the passion that Human assets are vital to any organisation. Therefore we have concentrated our efforts and research in improving the quality of client's workforce.
IPO Audit
We ensure that the appropriate audit report and all necessary formalities required for IPO are delivered as fast as we can.
