review of financial statements is active checks and accounting controls, through
the revision of accounting documents, review the accounting entries, reviewing the accounting report, settlement records taxes and make necessary adjustments to the accounting reports, financial statements reflect the financial position and relevant enterprises in accordance with law. Procedure: Perform analysis of indicators compared to the previous period, forecasting period and the results of the whole industry. Consider consistency. The procedures for accounting transactions recorded. Consider the case of unusual or complex can affect the results reported. Considering the important transactions arise near the end of the accounting period. Consider additional questions arose during the previous review. Considering the significant events occurring after the date of the financial statements. Considering the important entry. Consider comments from the management body. Check whether financial statements conform with the financial reporting framework. Management reports reviewed by an accountant or auditor review from the previous period. Advantage Costs need to review the financial statements audited lower costs. So verified reports are often used in order to save costs when the entire audit. Disadvantages When reviewing the financial statements, management department is responsible for preparing and presenting the financial statements of the unit, must have accounting qualifications, knowledge of both business lines as well as their units to carry currently under revision.
risk management services
Risk management is the process of a comprehensive review of the business operations to identify potential risks that may impact adversely the operational aspects of the business, based on which will make the response measures, appropriate precautions corresponding to each risk. We can also understand the risk management is a process that is organized in a formal way and are ongoing to determine (din), control (control) and report (report) the risk can affect the achievement of the business objectives of the enterprise. Risk Management Process
Confirmation of business objectives.
Identify Risks. Description and classification of risk. Assessment and risk rating. Develop response plans. Organizations monitoring the implementation of measures. Organizations monitoring the implementation of measures
Advantage: Simple measures, thorough and low cost.
Disadvantages can avoid this risk but face other risks. there can not avoid this situation or the cause of the risk associated with the operation of the business. may lose benefits can be obtained from such activities or assets.