Audit and accounting services account for a large percentage of the BDO network’s combined fee income.
The main services offered in this area:
- Audits of financial statements
- Non-audit assurance services
- Internal controls audits
- Accounting advisory
- Regulatory filing services
BDO offers consistently high quality service delivery in every country in which we have a presence and we are committed to a long term relationship as your trusted adviser.
A BDO audit lends credibility to a client’s financial statements and our auditors bring more to an assignment than a mere ticking of the boxes. Through our global network, they enjoy access to knowledge of industry developments and international trends and this gives them intrinsic awareness of the global marketplace, as well as required local standards. Your BDO team will meet with you before work commences and ask many questions in order to really get under the skin of your business and understand it fully. You can be sure that adequate resources and training exist for information systems support.
The BDO audit approach is applied consistently across the network through the use of the BDO Audit Manual, a core technical document that complies fully with international auditing standards. Each member firm will add relevant guidance to address the national statutory and professional requirements.
Auditing is not a static process and we recognise the need to offer our clients the best possible range of compliance and advisory services and we therefore ensure the continual development and enhancement of our range of audit tools.
BDO’s methodologies, tools and guidance are developed with our clients in mind and promptly reflect external developments The BDO audit approach is thus based upon an extensively researched common methodology that centres around:
- Obtaining an understanding of the business being audited from an internal and external point of view
- Assessing the risk of material misstatements, and the controls in place to address prevent these risks
- Choosing appropriate procedures to obtain evidence of the significant financial statement assertions
- Ensuring rigorous quality control over audit performance In a world of increasing technical requirements, BDO is committed to keeping our clients one step ahead.
All BDO Member Firms can call upon a number of practice aids, including model disclosure checklists and financial statements, to enable clients to prepare accounts under IFRS. Many member firms have combined their global awareness with local know-how to transition clients from national accounting requirements to IFRS.
BDO is one of the six networks on the Global Public Policy Committee, which enables our distinctive input into the actions steps needed from the industry to address the role of an auditor and the expectations from clients, investors and other stakeholders. Our member firms are regularly inspected on all aspects of service delivery, including independence, training requirements and quality control.
Finally, BDO Member Firms make the most of the extensive capabilities of its international network to assist clients with all the reporting requirements connected with US filings.
To talk to your local BDO audit and accounting expert, please select your country from the locations drop down on the top right of the screen.