Orbit Bureau provides auditing services according with the International Auditing Standards for various companies and organizations by using a qualified staff, proper planning and work structure for each activity.
As part of the audit process, we exercise professional conclusion and maintain the application of the principle of professional skepticism in all aspects of the audit, in addition to identifying and assessing material misstatement of the financial statements of risk, whether due to fraud or error, as well as the design and implementation of audit procedures that respond to those risks, and obtaining sufficient and appropriate audit evidence to provide a basis for our opinion. The risk of non-discovery material misstatement resulting from fraud is higher than the risk of error, and that fraud may include collusion and fraud, or deliberate deletion and misrepresentations, or bypass the internal control systems.
Getting an understanding of internal control systems relevant to the work for the purpose of checking design audit procedures that are appropriate in the circumstances, and not for the purpose of expressing an opinion on the effectiveness of internal control systems in the company.
Evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates and related notes prepared by the management of the relationship.
Orbit Bureau provides an Internal Auditing Services, as we take over establishing the internal auditing function for companies in order to provide comprehensive internal auditing services linked directly with the management requirements.