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The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the organisation at a given date. For example:
With some exceptions, for example exempt companies, organisations subject to the PNG Companies Act must have an audit each year.
Our auditors provide an extensive range of audit and audit-related services. We also determine the type and extent of the audit procedures required, depending on the risks and controls that have been identified. These procedures may include:
Our auditors maintain independence from management and directors so that tests and judgments are made objectively. We discuss the scope of the audit work with the organisation, and the directors or management may request that additional procedures be performed.
Find out how PwC is “simplifying the audit through innovation,” ushering in a new way of auditing that’s delivering high quality and unique insights to our clients.
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