Audit of Financial Statements

Why is auditing financial statements crucial to your business?

The financial statements are crucial for understanding a business’s financial position and annual performance. They serve as key financial management tools and  provide important information about a business’s health to its stakeholders.

To ensure the accuracy of financial statements, it is worth considering financial audit services.

A financial statement audit is a process carried out by a team of auditors at SWGK to assess the credibility, reliability and compliance of financial statements with applicable accounting standards and legislation.

The benefits of an audit include not limited to the detection of errors in the financial statements, but also the identification of areas where accounting, reporting and internal control procedures can be improved. An audit also contributes to the efficiency of a company’s operations, so companies not subject to an annual audit should consider undergoing one.

What does an audit give your company?

At SWGK, auditors conduct financial statement audits for entities that are required to do so in accordance with applicable regulations and for entities that are aware of the value of such an audit.

As part of our audit services, we perform:

• Auditing and reviewing individual financial statements according to PSR, IAS/IFRS, HGB and US GAAP
• Auditing consolidated financial statements by PSR, IAS/IFRS, HGB and US GAAP
• Examination and verification of consolidation packages.

SWGK’s team of chartered accountants is dedicated to offer expert support to a company in the area of financial reporting. We fully understand that the audit of financial statements is a complex process, so we strive to ensure that our audit procedures are as straightforward as possible for our clients. Our goal is to conduct the audit in an efficient and timely manner.