In order to maintain a professional relationship with our clients and abide by our philosophy in providing our services, we set forth below a set of quality standard conditions, to define the precepts of our engagements. Note that these conditions are applicable in the instance that it is not stated otherwise in a written agreement.
CONFIDENTIALITY AND PROFESSIONAL STANDARDS
- Our Group undertakes and agrees to keep secret and confidential knowledge and information made available to it by the client or any other related party.
- All professional services provided by our Group are carried out as per the International Financial Reporting Standards (IFRS or IAS), International Standards on Auditing (ISA), Internal Auditing practices, the Lebanese Association for Certified Public Accountants by laws, and the local Tax Code guidelines where applicable.
- Our Group undertakes to carry work at a professional standard of skill, care and diligence and in accordance with internationally accepted standards.
GENERAL CONDITIONS
- All of our Partners, Group Consultants, Managers, Staff and Associates are under professional obligation not to
disclose to a third party any information confidential to the client. Similarly, reports issued by our Group are for the use of the client alone and are not disclosed to third parties without prior written consent. - Our Group undertakes not to seek employment of any member of the client’s staff associated with assignment.
Similarly the client undertakes not to seek employment of any of the Consultant’s staff concerned with the assignment either during the assignment or after.
QUALITY ASSURANCE
- Once appointed our Team will commence to plan the audit engagement, request necessary documentation for review and analysis.
- Upon conclusion of the review and analysis stage our Team will then propose a plan of action and sample selection process upon which to gather sufficient information to constitute an audit opinion in accordance with the ToR. Thereon the team will proceed with the actual fieldwork.
- Findings, if any, will then be noted and subjected to scrutinized review and if valid presented, where appropriate, in either the Audit Report or Management Letter.
- After satisfactory completion of the fieldwork, the findings will be subjected to review; afterwards, the Audit Report and Management Letter are prepared in draft form and submitted to the proper authority for review and discussion before presenting them in final form.
- Each of the above steps will be subjected to constant review, follow up and consistency with audit procedures by the Partners in charge for quality assurance.
