Our auditing procedures align with client’s desires for credibility and transparency. We are committed to delivering reliable, independent audit report and in fulfilling this commitment to high audit quality, we lay emphasis on vigilance in making sure our audit complies with changing regulations and the professional standards.

The OMC Records of Monitoring control program and methodology is our effective audit tool that facilitates and enhances audit quality. It is designed to meet our goals of delivering quality, independent rigorous audits. Our audit methodology is designed to meet applicable national and international standards. We have high norms for delivering quality risk-based audits and perform our audits in accordance with International Standards on Auditing.

The audit methodology also emphasizes the critical nature of substantive testing and procedures, effective risk assessment and control testing activities. Every aspect of our methodology focuses on a rigorous examination of all items of financial statements: i.e

  • What risks can affect financial statement captions
  • What audit procedures can address this risks
  • Where are the greatest risks for material misstatements
  • How effective are Internal Controls at mitigating against these risks
  • Are transactions and account balances calculated accurately and recorded correctly?

Our ability to deliver a quality audit depends on our team’s strong understanding of the client’s business processes, accounting policies, internal controls and financial reporting issues.