Olajide and Associates ’s audit process is set up in a robust understanding of each client, its industry and its environment. Based on this understanding, we assess controls and the risks of material misstatement of the financial statements, including those caused by fraud. We then design and perform audit procedures to address risks that may precipitate material misstatements of the financial statements.
We determine the need for specialised skills in the planning, performing, and evaluation of our procedures. We also carefully review the results of our procedures to reach an opinion on the financial statements and determine whether our risk assessment and audit plan are appropriate.
Our audit process is fully integrated with supporting current technology and our staff have access to detailed guidance that is geared to their level of experience to guide them throughout the process and enable them to audit “round the computer” and “inside it”, while also allowing for an appropriate level of professional judgement.
Olajide and Associates uses quantitative and qualitative methods to determine the extent of its work. We carry out substantive and other texts in a way to ensure all significant and material figures are captured in our auditing process. With this approach, we are able to deliver high quality reports to our clients.
Our audit methodology focuses primarily on the activities necessary to provide an opinion on the financial statements. However, it is designed to address relevant aspects of clients' businesses in sufficient detail to facilitate the delivery of "unique good services".
Olajide and Associates provide recommendations on improving internal control procedures and clarify certain financial procedures with regard to the preparation of financial statements and other aspects of accounting.
Olajide and Associates can carry out public sector audit in a broader scope than in the private sector. This often encompasses work on a client's arrangements for achieving value for money, as well as other areas specific to different types of public body.
Olajide and Associates can also provide Federal Government audit, Parastatall audit, Local Government and State Government Audit and also Non-profit Making Organisation audit, Pension and Retirement Benefits auditing