Audit
Adding Value
Mazin Alabid Consultants & Accountants can provide independent Audit services designed to help enhance the reliability of information prepared by clients for use by investors, creditors and other stakeholders in accordance with statutory requirements
We believe your Audit should be about more than fulfilling regulatory obligations. It’s an opportunity to re-assess your business, so we make a point of adding value to your audit through practical commercial insight.
Our services include the following
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Audits in accordance with Iraqi Auditing Standards and International Auditing Standards.
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Financial statement preparation in accordance with Iraqi Accounting Standards, International Accounting Standards. Our audits enable us to issue an opinion in accordance with both Iraqi and International Standards.
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Review and evaluate internal controls.
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Test of specific accounts, transactions or controls.
CAATs
Use Computer Assisted Audit Techniques (CAATs) in audit work
This technology enables Mazin Alabid - C&A to import client’s financial information, make audit adjustments to individual trial balance items, and automatically update worksheet.
This software tool supports the application of computer-assisted procedures on large volumes of client data, such as journals and transactions, and subsequent investigation of anomalies. At Mazin Alabid C&A use the (CAATs) to analyze journal entries and typical financial statement accounts.
