Reviewing financial statements and examining quarterly financial statements

External auditing is one of the most important and largest professional services provided by the office of Muhammad Al-Duwais Certified Accountants and Auditors, supported by a large group of qualified professionals, consultants and auditors with great and extensive experience in external auditing of financial statements, expressing an opinion on the financial statements and giving professional recommendations to business organizations of various types and fields.
The work of the external audit does not stop at expressing an opinion on the financial statements. Rather, we examine the internal control system and issue our recommendations on the extent of the strength and weakness of control within the facility. Our external audit report also includes many recommendations, observations and suggestions to raise the efficiency and effectiveness of the work of establishments and organizations, such as limiting and reducing Duplication of tasks and tasks, weakness of the administrative structure, its suitability, and the proportionality of tasks and powers to jobs.
Our external audit services consist of examining the financial statements prepared by the facility by the group of staff working in it and submitting a report to management on whether the financial statements fairly show the facility’s financial position at the end of the audit period.

Our external audit team has professional and scientific qualifications to understand the professional accounting and auditing standards used and is specialized in identifying the recognized types of audits that are carried out through the following:
• Quarterly periodic review and preparation of financial reports for regular periodic periods, which is called examining the quarterly financial statements.
• Final review of the financial statements at the end of each fiscal year.
• Preparing management letters containing observations and recommendations regarding existing deficiencies.
• Conduct audit programs for institutions, companies and governmental bodies.
• Holding a group of visits to the facility throughout the fiscal year.
• Adherence to generally accepted auditing standards.
• Preparing reports resulting from audits and submitting them to management.
• Evaluating the work of the facility’s financial department.
• Apply various types of review according to business needs.
• Detecting strengths, weaknesses, opportunities and threats and working to avoid weaknesses.
• Evaluate the client’s internal control systems and issue a report on the evaluation results along with the recommendations proposed by our consultants to strengthen control procedures and increase their effectiveness.