Goldwyns is a registered practicing member of the Institute of Chartered Accountants of Nigeria. We act and are so engaged by incorporated and registered entities in Nigeria as Statutory Auditors.All audit engagements are conducted using International Standards on Auditing (ISAs) combined with the full technical and implementation knowledge of International Financial Reporting Standards (IFRSs) and such local regulations and guidelines issued by the Financial Reporting Council of Nigeria (FRCN) while also complying with the legal requirements specified in the Companies and Allied Matters Act Cap C.20 LFN 2004.
Goldwyns’ internal governance regarding audits is structured to guarantee the highest quality by instituting a high level of quality assurance at each stage in the conduct of an audit. The audit services group is structured into internal departments that focus exclusively on the selected sectors of the Nigeria economy with the sole aim of developing and engendering specialist skills and knowledge of those sectors of the economy in those departments and by implication the staff in those departments.
Audit engagements are led, in all cases, by qualified personnel with prescribed minimum experience in that target’s industry and practice or the best audit outcome for the client and the Firm. While the compilation of acceptable set of financial statements remains the sole responsibility of the clients as prescribed by standard Goldwyns’ competence in practice and experience in financial statements compilations across industries is brought to bear by providing the required guidance to clients in the compilation of acceptable financial statements.
Goldwyns’ pre and post audit engagement protocols with those charged with governance is well articulated and revamped annually with developments in audit practice to ensure that the required assurances are secured for the reporting outcome as it relates to the needs and requirements of those charged with governance and support for the audit opinion issued on the audit.