Audit & Assurance
Financial statement audits give assurance over information used by investors and the capital markets – a responsibility to the public interest MQuad Audit professionals take very seriously, applying powerful data analytics routines to create better audit evidence and gain deeper insights, and exploring the role auditors can and should play by engaging stakeholders to better understand their views through MQuad’s ‘Value of Audit’ forum. MQuad professionals – innovating to better serve the capital markets and society as a whole.
MQuad believe that independent auditors perform the valuable role of being a trusted intermediary between the providers of business information and the users of that information. In the wake of the economic crises and scandals of the past few years, we believe independent auditors are on the cusp of a transformative change. Stakeholders are demanding more transparency, and we are responding – changing how we operate, being proactive in listening to our stakeholders, and embracing data analytics and new processes that are enabling us to make audit more relevant and continue to raise the bar on quality.
Innovation is not a concept traditionally associated with audit. But it is at the heart of our strategy in responding to the unprecedented challenges and opportunities we face as auditors. Core to our mission is acknowledging the responsibility we have as auditors to society and the capital markets. Innovations that lead to enhanced audit quality, like our application of LEAN and SMARTER methodologies to the audit, are important to the organizations we serve.
High quality, independent financial statement audits are essential to maintaining investor confidence. MQuad professionals are committed to the public interest. These experienced professionals seek to challenge assumptions and unlock valuable insights based on a thorough understanding of an organization’s business and industry, and innovative audit methodologies and approaches.
Our data analysis raising the bar on audit quality by enabling us to test complete data populations and understand the business reasons behind outliers and anomalies. Automated audit capabilities let our people focus on the higher risk areas of the audit. And the enhanced business insights our audit teams bring to the audit help you see your business from a new perspective.
To recognise the business result presented in your Annual Report and also inform your stakeholders whether you did have a good year, Corporate reporting is evolving to provide investors with a broader perspective on business performance to address these questions. Whether you’re trying to stay ahead of reporting requirements, or just want to give a better account of your business’s performance, MQuad can help you to align your reporting with what’s important to your business.
Narrative reporting content in Annual Reports is receiving growing focus from investors and regulators alike. Preparers are increasingly being asked to focus on the matters most relevant to the future of their business, rather than following a list of prescribed disclosures. The result is much greater emphasis on the business model and strategy as a basis for reporting. But building a report around your business strategy can be daunting without the comfort-blanket of a disclosure checklist. For those that succeed, the potential reward is a more concise report that is focused on the key drivers of business value – one that is better equipped to support an effective investor dialogue. We look at what makes a good report.
Financial statement audits
In a fast changing, technology-driven world, building and maintaining trust has never been more important or challenging. Providing trust over financial reporting is a big responsibility, and it lies at the heart of everything we do.
Regulatory compliance and reporting
Regulatory compliance is not just about playing defence. It also offers an opportunity to consistently strengthen your organisation through strategic, proactive measures — measures that can uncover value, even as they help assure compliance.
The business environment is rife with risk. The challenge lies in staying ahead of those risks and preparing accordingly. Insight and independent assurance provide an invaluable safeguard in today’s complex operating environment. We can help you protect and strengthen every aspect of your business, from people to performance, systems to strategy, and business planning to business resilience.