Financial Statement Review

Audit Services: Precision – Transparency – Compliance

At Al-Shalahy CPA (KACA), we offer professional financial audit services that help companies maintain credibility with investors, partners, and regulatory authorities. Our process follows a structured, multi-phase methodology designed to provide a comprehensive analysis of financial performance, along with practical recommendations to enhance operational efficiency and regulatory compliance.

Why Choose Our Audit Services?

Independent and objective audit in compliance with SOCPA and International Standards on Auditing (ISA).
A specialized team that understands the unique nature of your business.
Actionable recommendations to enhance financial control and efficiency.
Clear reports that build confidence with investors and boards.
Adherence to the statutory deadlines for submitting financial statements in accordance with the schedule announced by the Authority.

Our Audit Methodology

Our audit is executed through five core phases:

Phase 1: Planning & Scheduling

We begin with a thorough assessment of the internal control system using professional analytical tools and questionnaires to:

Identify potential accounting risks.
Define key audit focus areas.
Select appropriate samples and testing methods.

Phase 2: Interim Audit

We conduct a preliminary review of the effectiveness of internal controls and evaluate compliance with established procedures and policies.
This phase allows us to detect early issues before proceeding to the final audit stages.

Phase 3: Fieldwork

Our team performs direct on-site procedures, including:

Inventory counts.
Substantive audit testing.
Detailed account reviews to verify the accuracy of financial data.

Phase 4: Final Audit

We review the final financial statements and compare them to prior testing results.
Our findings are discussed with management, and we provide practical recommendations for improving accounting and control performance.