Obtaining objective confirmation of the reliability of accounting data is required
Audit Reviews
What are audit inspections
Audit reviews - the foundation of trust and transparency
Our audit services begin with understanding and meeting the expectations of our clients.
An audit review is an independent expert assessment of a company’s financial statements, aimed at confirming that the financial reporting accurately reflects the company’s financial position and performance in all material aspects, in accordance with the established financial reporting framework.
In today’s business environment, financial statements are subject to thorough analysis by investors, creditors, and regulators. Company management, boards of directors, and audit committees expect not only a formal opinion but also a deep understanding of risks, transparency of business processes, and the reliability of the internal control system.
Practical Value of Audit
Our external audits provide not only an opinion on the reliability of financial statements but also valuable insights that assist executives and business owners in:
- identifying and minimizing risks
- improving financial processes and internal control mechanisms
- strengthening the system of financial and management accounting
We combine our specialists’ industry experience with modern digital data analysis technologies, which allow us to ensure a high level of audit quality in line with international standards.
When our services are required
When Audit Verification Becomes Necessary
Financial Reporting
Preparation of reports for shareholders, investors, banks, or regulators
Independence
Investments and Loans
Planning an IPO, attracting investments, or obtaining loans
Transparency
Enhancing the openness of accounting and financial reporting for stakeholders
Compliance with Standards and Legal Requirements
Confirmation and compliance with IFRS, ISA, and local legislative requirements are required
More Than a Financial Statement Review
Our audit goes beyond the formal confirmation of financial data.
We provide an in-depth analysis of business processes, ensure financial transparency, and strengthen corporate governance reliability.
An independent auditor’s opinion is not just a report – it is a tool to build trust among investors, shareholders, and partners, as well as a means for management to make more informed and balanced decisions.
We offer a full range of audit services, including:
Financial Audit
Independent audit of financial statements in accordance with IFRS and NAS
Compliance Audit
Verification of compliance with legal requirements, regulations, and internal policies
Special Audits
For mergers and acquisitions (M&A), corporate transformations, and other non-standard business situations
Our approach is based on:
international auditing standards
independence and objectivity
deep industry understanding
use of modern technologies
Our clients
Experience with Leading Organizations
Organizations within the structure of the Administration of the President of the Republic of Uzbekistan
Center for Economic Research and Reforms
Qibray Clinical Sanatorium
Organizations within the structure of Uzbekistan Railways
Eyvalek Special Reinforced Concrete LLC
Organizations within the structure of the Ministry of Ecology, Environmental Protection, and Climate Change
YASHILLOYIHA DESIGN INSTITUTE State Institution
Directorate for Building Operations and Construction-Installation Works
University of World Economy and Diplomacy under the Ministry of Foreign Affairs of the Republic of Uzbekistan
Football Club “Pakhtakor”
BEK BARAKA SPECIALIZED TRADE COMPLEX LLC
Philipp Morris Tobacco Products Manufacturing Plant
Philipp Morris Tobacco Products Distribution Network
Center of Islamic Civilization in Uzbekistan
“Xalq Banki” Joint-Stock Commercial Bank of the Republic of Uzbekistan
Advice for Business Owners and Organization Leaders
The main principles of Forensic are:
Trust but verify. Randomly, a few times a year, check your partners, counterparties, team, and internal controls.
Select your audit firm or consultants personally – do not delegate this responsibility to staff.
Stepping away from operational control and handing it over to “trusted” individuals often equals losing your business or your position.
Avoid working with relatives in business. In 90% of cases, it leads to inefficiency or even fraud. You can’t discipline family members – they’re “relatives.”
Lifestyle reveals wrongdoers. Mismatched income and expenses are always noticeable. Watch for behavioral and lifestyle changes.
Remember: theft exists in 99.9% of companies worldwide.
While you improve control systems, fraudsters think about how to bypass them. Internal control is often “toothless,” and time will prove it.
Cash is easy to steal. Avoid cash turnover.
Remember the three main risks:
– Illegal asset misappropriation.
– Financial statement manipulation.
– Corruption risks.
Know the three fraud factors:
The Fraud Triangle – Opportunity, Motive, and Rationalization.
Fraud Triangle
