#

Navigating Financial Excellence: Aesthetic Astrorion's Audit, Assurance, and Financial Reporting Services

At Aesthetic Astrorion, we understand that the pillars of financial success rest on a foundation of trust, precision, and transparency. Our Audit, Assurance, and Financial Reporting services stand as a testament to our commitment to elevating financial landscapes and providing clients with the confidence they need to thrive.

Audit Services

Statutory Audit in compliance with recent changes to the ISAs

All companies in compliance with the provision of Sec. 357 of Companies and Allied Matters Act of Nigeria are required at each general meeting to appoint an auditor or auditors to audit the financial statements of the company.

Our audit is conducted with the objective of expressing a professional opinion on the financial statements of an entity. Our opinion shall report on whether the financial statement of your company gives a true and fair view of the financial position for the year then ending and its financial performance in accordance with International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and in the prescribed manner required by the relevant provisions of the Companies and Allied Matters Act, CAP C.20, Laws of the Federation of Nigeria, 2004

Due Diligence

Clients request for a Due Diligence Audit, which is an investigation, audit or review, performed to confirm the facts of a matter under consideration. It involves the examination, in details, of financial records which are relevant to a proposed financial transaction between 2 entities so as to ascertain legality as well as apprise both parties of as many facts in the transaction.

We provide financial management advice on operational and financing structures based on our thorough understanding of costing and management accounting systems. We adopt a more robust approach in conducting Due Diligence assignments. This assignment involves the examination, in details, of financial records which are relevant to a proposed financial transaction between 2 entities so as to ascertain legality as well as apprise both parties of as many facts in the transaction. This also includes identifying appropriate operational and financing structures, determining funding requirements, providing documented financial analysis and business plans, and facilitating financing for projects.

Any other bespoke Audit Assignment/Engagement

A bespoke audit is the term for the tasks performed when conducting due diligence on a financial model. Financial modeling is the task of building an abstract representation (a model) of a financial decision-making situation. Our responsibility here includes providing a tailor-made Audit Report that facilitates our Client’s ability to make a sound financial decision.

Financial Reporting Services

Under this service, we assist our clients in the preparation of financial statement and reporting packages for internal and external requirements with a focus on management, corporate and statutory requirements. Our service methodology includes reporting of financial information independently verified by us in the prescribed form in compliance with applicable accounting standards to meet/align with regional and /or global statutory requirements. (e.g local GAAP to IFRS) Financial Reporting Services comprise of

Accounting/Book keeping

We operate an accounting service that involves the recording of financial transactions, maintenance of the books of records and the preparation of relevant financial reports for our clients. These services can be delivered by providing the client with our resources who shall be resident in the client’s office or by accessing the required information at our offices thereby working offsite. Our detailed Roles and Responsibilities are varied and determined and agreed with each client in line with specific needs. We use an effective accounting system that ensures compliance to local regulations and ensures data integrity and satisfies both local and international corporate reporting requirements. The capabilities and features of the accounting system offered for use shall be consulted with and agreed by the client.

IFRS Conversion in compliance with latest changes

It is no longer news that the Financial Reporting Council of Nigeria (FRC) issued a directive mandating all companies in Nigeria to effect the phased transition and conversion of the presentation and preparation of their financial statement from compliance with Nigeria Generally Accepted Accounting Principles (NGAAP) to International Financial Reporting System (IFRS).

Our approach to IFRS Conversion leverages key lessons and success factors learned from prior IFRS projects; has been tailored based upon our significant knowledge of various industries and the financial accounting, reporting and regulatory environments of our clients. Our services include:

  • First time adoption of IFRS - Conversion to IFRS from a National GAAP
  • Impact Assessment /GAP Analysis between IFRS and National GAAPs
  • Development of IFRS accounting policy manuals
  • Re-aligning local charts of accounts to IFRS

Forensic Accounting and Investigations

Where there is any incidence of fraud or irregularity within a system that requires attention, we utilize our accounting, audit and investigative skills developed over a several years across diverse industries to carry out an examination into the affairs of the organization with a view of providing an accounting analysis that can inform management in taking appropriate decisions on the issue, especially where such decisions are required in a legal proceedings.

We are armed with a multidisciplinary set of skills that enable us evaluate all companies irrespective of the segment of the Nigerian economy they operate. As professional Accountants, we are also equipped with relevant and analytical skillset to assist organizations in the recognition, measurement and detection of business risks that appear in the form of fraud and irregularities. Fraud has become an industry and this industry requires the skillset of professionals that can manage and analyse the attendant consequences as well as preventing it. The investigation of fraud is not only the services offered by professional forensic investigators as ourselves but we equally understand the culture and environment which is aimed at the prevention of fraud and a response policy which is designed to respond to fraud detection as effectively as possible. The key areas of forensic investigation covered by our firm includes

  • Recovery of excess bank charges from financial institutions
  • Business Intelligence
  • Data Recovery and Conversion
  • Due Diligence Valuation

What sets Aesthetic Astrorion apart is our holistic approach to Audit, Assurance, and Financial Reporting. We don't view these services as separate entities but as interconnected elements in your journey to financial excellence. We tailor our approach to meet your unique needs, ensuring a seamless and integrated service delivery.

In a world where financial success is an art form, Aesthetic Astrorion is your brushstroke of assurance and precision. Choose us for an elevated experience in Audit, Assurance, and Financial Reporting – where each service is a masterpiece in the canvas of your financial success.