Assurance/Audit Services
See more detail of our services below
Financial Audit
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Agreed Upon Procedures (AUP)
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Financial Review
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Assurance/Audit Service
Financial Audit Services
Under the article 61 of the Independent Audit Law No. 73/NA dated December 11, 2024, the following organizations are required to undergo annual financial audits:
Agreed-Upon Procedures (AUP)
Beyond traditional financial audits, we provide specialized Agreed-Upon Procedures services tailored to specific client requirements, including:
Financial Review Services
According to the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, a review engagement enables an auditor to determine whether anything has come to their attention that suggests financial statements are not prepared in accordance with applicable financial reporting frameworks. While less comprehensive than a full audit, financial reviews provide valuable assurance and may be required by certain donors or organizations.
Our Service Approach
Initial Contact and Assessment
Proposal and Engagement Process
Audit Execution Once the engagement letter is signed, we begin audit planning as specified in the agreement. Our systematic audit approach is illustrated in the figure below:
Under the article 61 of the Independent Audit Law No. 73/NA dated December 11, 2024, the following organizations are required to undergo annual financial audits:
- Large Local and Foreign enterprises operating in Lao PDR
- Banks and financial institutions under Bank of Lao PDR supervision
- Insurance companies
- Listed companies, securities companies, and public companies
- State-owned enterprises
- External loan and grant projects funded by foreign countries or international organizations
- Other Enterprises as defined by related law and regulations
Agreed-Upon Procedures (AUP)
Beyond traditional financial audits, we provide specialized Agreed-Upon Procedures services tailored to specific client requirements, including:
- System implementation reviews
- Expenditure verification and analysis
- Fixed asset physical verification
- Inventory physical counts and reconciliation
Financial Review Services
According to the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, a review engagement enables an auditor to determine whether anything has come to their attention that suggests financial statements are not prepared in accordance with applicable financial reporting frameworks. While less comprehensive than a full audit, financial reviews provide valuable assurance and may be required by certain donors or organizations.
Our Service Approach
Initial Contact and Assessment
- We engage with potential clients who express interest in audit services or respond to client inquiries
- We provide comprehensive questionnaires to gather background information and understand service requirements
- Follow-up meetings are conducted when additional clarification is needed
Proposal and Engagement Process
- Customized quotations and proposals are prepared based on client needs
- Engagement letters outlining terms and conditions are drafted upon client agreement
- Terms and conditions may be revised based on client feedback before finalization
Audit Execution Once the engagement letter is signed, we begin audit planning as specified in the agreement. Our systematic audit approach is illustrated in the figure below:
Detailed procedures of each step will be outlined in our proposal sent to clients
What is added value to financial audit?
What is added value to financial audit?
Our Audit Clients
Non-Profit Organizations
Government-Implemented Development Projects We provide audit services for projects implemented by government agencies and funded by major international donors, including:
Mass Organization Projects We audit projects implemented by mass organizations with funding from:
Private Sector Enterprises Our commercial audit clients span multiple industries, including:
This diverse client portfolio demonstrates our experience in providing audit services across the non-profit, public, and private sectors, ensuring compliance with both donor requirements and national audit standards.
Non-Profit Organizations
- Various NGOs operating in Lao PDR
Government-Implemented Development Projects We provide audit services for projects implemented by government agencies and funded by major international donors, including:
- The World Bank
- Lux-Development
- Asian Development Bank (ADB)
Mass Organization Projects We audit projects implemented by mass organizations with funding from:
- Swiss Red Cross
- The United Nations Development Fund for Women (UNIFEM)
- The Asia Foundation
- Bread for the World
Private Sector Enterprises Our commercial audit clients span multiple industries, including:
- Mining operations
- Tourism and travel services
- Agriculture
- Electrical equipment suppliers
- Medical supplies and equipment distributors
- Hospitality and café businesses
This diverse client portfolio demonstrates our experience in providing audit services across the non-profit, public, and private sectors, ensuring compliance with both donor requirements and national audit standards.
Our Service Fee
Audit Service Fees
Our audit pricing is structured to reflect the complexity and scope of each engagement, ensuring you receive appropriate expertise and value for your investment.
Primary Pricing Factors:
Additional Considerations:
These factors enable us to determine the appropriate staff time allocation and team composition to deliver a comprehensive and efficient audit that meets your specific requirements and regulatory obligations.
For a detailed quote tailored to your organization's audit needs, please contact us directly.
Our audit pricing is structured to reflect the complexity and scope of each engagement, ensuring you receive appropriate expertise and value for your investment.
Primary Pricing Factors:
- Staff qualifications and expertise required for your specific audit needs
- Time investment necessary to complete the engagement thoroughly
Additional Considerations:
- Organization size and operational complexity
- Organizational structure and governance framework
- Effectiveness of internal control systems
- Nature and diversity of business activities
- Volume and complexity of accounting transactions
These factors enable us to determine the appropriate staff time allocation and team composition to deliver a comprehensive and efficient audit that meets your specific requirements and regulatory obligations.
For a detailed quote tailored to your organization's audit needs, please contact us directly.