Statutory audit and contractual audit

Transparency and reliability of financial information are crucial for a company’s success and sustainability. Statutory audits and contractual audits play an essential role in validating this information. At Efficience Expertise, we provide high-quality statutory and contractual audit services to help businesses enhance their financial credibility and comply with regulatory requirements.

A statutory audit is a legal obligation carried out by an independent statutory auditor whose role is to verify the accuracy and fairness of a company’s annual accounts. This verification assures shareholders, investors, and other stakeholders that the financial statements faithfully represent the company’s financial position.

The statutory auditor is responsible for:

• Verifying annual accounts: Ensuring compliance with applicable accounting standards.
• Certifying financial statements: Issuing an opinion on the accuracy and fairness of the accounts.
• Detecting anomalies: Identifying and reporting any irregularities or fraud.
• Assessing risks: Analyzing the financial and operational risks of the company.
• Making recommendations: Suggesting improvements to strengthen financial management and internal controls.

A contractual audit is an audit engagement requested voluntarily by a company, outside any legal obligation. Unlike statutory audits, contractual audits are often initiated to meet specific needs, such as evaluating internal control systems, analyzing financial performance, or preparing for mergers and acquisitions.

• Evaluate internal controls: Assess the effectiveness of internal processes and suggest improvements.
• Analyze financial performance: Provide detailed insight into financial results and key performance indicators.
• Prepare strategic transactions: Support mergers, acquisitions, or fundraising efforts through independent evaluations.
• Enhance governance: Help improve corporate governance by identifying risks and recommending solutions.

Engaging professional audit services offers numerous benefits:

Independent audits ensure the credibility and transparency of financial data, reinforcing stakeholder confidence.

Statutory audits ensure businesses meet legal and regulatory requirements, helping avoid sanctions and penalties.

Audit recommendations help improve internal control systems and operational processes, increasing efficiency and performance.

Audits help detect and assess financial, operational, and strategic risks, providing a solid foundation for risk management.

Audit reports and analyses provide valuable insights for making strategic business decisions—such as investments, expansions, or restructurings.

At Efficience Expertise, we provide statutory and contractual audit services tailored to your company’s specific needs. Our chartered accountants and auditors bring deep expertise and a strong understanding of both local and international accounting standards.

Our statutory auditors certify your financial statements, detect potential anomalies, and make recommendations to improve financial oversight. We guarantee an independent and objective audit mission that complies with professional standards.

We conduct contractual audits based on your business objectives, whether to assess internal controls, analyze financial performance, or prepare for strategic transactions. Our audits are designed to create added value by identifying improvement areas and offering concrete solutions.

To learn more about our statutory and contractual audit services and how we can support your financial obligations and strategic goals, feel free to contact us. Our experts are available to answer all your questions and provide tailored support.

Efficience Expertise – Your trusted partner for statutory and contractual audits.