Audit Services

Assurance Approach

PricewaterhouseCoopers Trinidad provides a full range of Assurance Services to clients operating within the public and private sectors and includes a majority of the publicly quoted companies on the local stock exchange. We apply to all assignments, be it a statutory audit or a complex consulting engagement, a uniform approach based upon a philosophy of aligning our objectives with those of our clients.
 

  • A "business" approach which addresses the needs and concerns of management and users of reports, building on a thorough understanding of the business being audited.
  • Emphasis on professional judgement which must be applied consistently in assessing the reasonableness of management decisions and estimates. Sound professional judgement also ensures that the trivial matters are set aside and effort is directed to that which is genuinely of significance.
  • A risk based approach which focuses attention on those elements of the business under review which are susceptible to errors or misstatement.

Our audit will be performed in accordance with International Standards on Auditing. Our approach will comprise three essential phases:

Planning
Execution
Review and Report
 

This approach ensures that all requirements are met effectively and efficiently and a high quality output is delivered.
 

Based on our understanding of your needs, we determine our approach and the methodologies which will best ensure successful delivery in the most cost-effective manner and specifically meet all requirements of the legal and reporting environment. We identify the particular technical skills and expertise needed on every assignment and mobilized the most appropriate team. We determine exactly how we will plan and execute every assignment.