Our firm provides the following audit and assurance services:
Audit of financial statements as per statutory requirements:
We provide interim and annual audits to companies in accordance with the companies Act and generate independent reports in conformity to ISA 700 and ISA 701.
Special purpose audits including agreed-upon procedures and turnover audits:
We conduct these audits in accordance with the client’s requirements and offer efficient and effective reports that can guide the client in decision making.

Cost audits:
Cost audits aim to verify and ascertain the accuracy of cost accounts and adherence to cost accounting principles. We offer advice and guidance on reduction of undue wastages and restructuring of cost accounting plans.

Management audits:
Management audits are vital in the modern economic world. Hawi & Associates will determine the capabilities and effectiveness of the client company’s management in relation to the strategic objectives of the company and provide conclusive reports.

Operational audits:
Operational audits assess the efficiency, cost and effectiveness of an operation in achieving the organization’s goals. We will carry out the audit with the aim of identifying any risks and inefficiencies associated with an operation and communicate the results with management in a timely and accurate manner.

Review of financial statements:
We review clients’ financial statements and offer assurance whether the financial state men ts conform to the Generally Accepted Accounting Principles.

Audit of retirement benefits plan

OUR APPROACH

An effective audit requires both good planning and background knowledge of the client and the entity and the sector in which it operates.

Our audit approach focuses on using the resources available to us effectively and effi­ciently to obtain reliable, relevant and sufficient audit evidence to enable us form an opinion. Our client base is diverse and we have therefore come up with an approach that enables us to meet our clients’ specific needs.

The following are the key factors of our approach;
1. Gaining an understanding of the client needs and risks
2. Developing a client based strategy to address the identified needs and risks
3. Developing an effective work plan based on the strategy adopted
4. Executing the work plan effectively to obtain audit evidence
5. Develop detailed and accurate reports on our findings and conclusions drawn during the audit