External Auditing

Our audit teams are here to assist you to comply with your annual audit requirements, whilst providing sound advice and best practice recommendations to improve your business internal controls systems.

The objective of an external audit of financial statements is to determine whether, in the auditor’s opinion, the financial statements present fairly in all material respects – that is, they show a true and fair view in all materials respects of the company’s financial position, results of operations, and cash flows, in conformity with international accounting standards.

The audit profession is subject to strict oversight, which has been continuously reinforced over the last few years in order to preserve financial security and improve the quality of financial reporting. In Mauritius, all audit firms are regulated by the Financial Reporting Council which conduct audit reviews.

At RV Partners LLP, we comply with ISQC 1 requirements and we structure that audit to show where things stand now. Our group of qualified audit specialists has the expertise and knowledge to assist with all your financial reporting and accounting issues. Our audit approach and methodology helps us to plan and execute our audit work with the highest level of quality to support our audit opinion and hence adds increased value to client’s business.

OUR AUDIT MODEL AND APPROACH

We use up-to-date technology to perform and complete all audits in the most efficient manner possible. Some examples of our technology and how your organization benefits are :

  • We have a standardized Microsoft Office Platform, as the vast majority of our clients use “Office”, and this allows us to work collaboratively and efficiently on specific work documents
  • Our staff are equipped with 17” laptops protected with passwords and access restrictions
  • Our staff back up all data to our local server daily through our secure Cloud System
  • All of our server information is backed up daily offsite ensuring better protection of clients’ information and we are registered Data Controller as per the Data Protection Act.




Our audit model and approach focus on :

  • ISQC 1
  • Developing an understanding the organization’s activities and its environment
  • Reviewing the control environment
  • Perform planning exercise
  • Performing a thorough risk assessment
  • Assessing controls in place
  • Customizing audit plans
  • Communicating at each stage of the audit process with all relevant parties
  • Ensuring compliance with the regulatory framework
  • Gathering audit evidence and ensure compliance with ISAs, build up working papers and obtain other audit deliverables
  • Final & execution: drafting of audit report and management letter
  • Finally communicating with those charged with governance