In these unprecedented times, organizational trust and transparency are more important than ever. The COVID-19 pandemic has resulted in significant changes in assurance activities which are foundational to maintaining trust with stakeholders. Areas such as effective reporting, required disclosures and regulatory requirements remain dynamic and challenging.
Profinance LLC is prepared to help you navigate these changes and those that will emerge in the future. We have invested in a significant digital and workforce transformation to prepare for the future and drive continuous improvement not only in our capabilities, but also in the continuity and effectiveness of our services. As your organization strives to build trust and transparency and maintain resilience, Profinance stands ready to help.
Wisdom begins in wonder
How we work
We are rethinking the model of how the audit can and should operate given the restrictions caused by pandemics.
More remote audit teams
Remote work isn’t new or specific to recent developments — in fact, past experience proves, that “42% of people who are 100% remote said they have been working remotely for more than five years.
What we offer
Statutory and initiative audit of financial statements prepared in accordance with international financial reporting standards (IFRS), group accounting policy, including public interest entities policies. Our role is to report on whether the financial statements issued by an organisation are ‘true and fair’, and meet all relevant guidelines or legal requirements.
A qualified accountant will discuss with you and agree a set of procedures to perform, that are based on your requirements. The report does not express a conclusion, and therefore it is not an assurance engagement in the technical sense.
We will review the project’s accounts in accordance with the specific terms and conditions of the relevant contract. We will then produce a report which will state whether the expenditure reported conforms with their terms and conditions; this is usually in a format prescribed by the grant agreement.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
The internal audit activity provides assurance that internal controls in place are adequate to mitigate the risks, governance processes are effective and efficient, and organizational goals and objectives are met.