This is one of the core business services that ALLIED provides to its clients. This package mainly involves undertaking a value-for-money programme/project audit as well as annualised business performance appraisal. The value-for-money audit is a purely unbiased and objective way to assess the performance of programmes in relation to flow and utilisation of funds, cost of delivery of the services, cost-effectiveness and cost-benefit analyses.
In the flow and utilisation of funds, we take a detailed account of the planning, budgeting, requisition, disbursement, use and accountability of programme/project resources.
In relation to business performance audits, we undertake an independent analysis of the clients’ financial records with the purpose of generating Management and Annualised audited reports for taxation and other public purposes (publishing in case of public companies). Our methodology for conducting business performance audits is very participatory and friendly to enable generation of sufficient information. First, we encourage our clients to provide us with raw data generated by their accountants, which is later investigated and reviewed by our auditors. In order to independently verify the information given by accountants, we stage our own auditors to the clients’ premises to physically solicit information from accountants and at times even try and generate it by themselves.
In realisation that some clients, particularly in the informal sector and small firms in the formal sector, are not in position to properly keep books of accounts, we normally offer bookkeeping services to our clients. To avoid doing this in a way that would compromise independent audit, the auditor assigned to intermittent bookkeeping of our clients’ books is normally exempted from undertaking audit of the same. In addition, we can completely avoid what would seemingly look to be ‘conflict of interest’ by assisting in identification and recruitment of competent accountants and accounts assistants on behalf of our clients.