Audit methodology
We utilise a risk based methodology in undertaking our financial statement audits. The methodology emphasises the need for a detailed understanding of the client’s organisation and associated business risks and seeks to place greater reliance on business processes and management.
As part of our commitment to improved service and enhanced products, a new methodology and enabling technology was purchased in 2005–06. This methodology and enabling technology was piloted on five financial statement audits for 2005–06 and was rolled out for use on all financial statements in the 2006–07 audit cycle. Our audit methodologies are supported by comprehensive training programs.