Mostafa Shawki & Co.'s auditing and business advisory services go far beyond the basic attesting function. Our business-oriented approach is aimed to help clients achieve their corporate objectives and goals, to strengthen management processes, and to improve profitability. We provide auditing and business advisory services to a diverse range of companies, business organisations and government bodies. Our core practice area is the statutory annual audit required by Egyptian company, investment and tax laws. The following section outlines our approach to conducting audit work. Our primary goal in performing audit engagements is to render an opinion on the financial statements in accordance with international and Egyptian auditing standards. In addition, consistent with our commitment to offer a complete business consulting service, we seek to add value to our audit services by effectively communicating the business implications of our audit findings.

Client service planning during which we work closely with client management to reach a mutual understanding about the objectives of the audit, the scope of work, and client service expectations.

Assessment of the risk factor by understanding the company's control environment and identifying specific risk factors and their relationship to accounts and potential errors.

Develop an audit plan based upon our risk assessment.  Create an individual plan for each audit location and involve the appropriate personnel in each planning phase.  Reach an up-front agreement on scope, timing, and responsibilities.

Perform the audit work in accordance with international and Egyptian auditing standards, giving close consideration to the internal control structure. This involves the control environment, the accounting systems being used, and a review of the control procedures implemented by management.

Conclude the audit and report to management which involves performing a subsequent review of events, obtaining management representations, and preparing an audit summary memorandum. We issue our report on the financial statements and communicate to management any business recommendations or information on deficiencies detected while performing our audit. Since our audit approach is based upon the effective assessment of risk and the evaluation of controls with specific industry emphasis, we believe we are particularly well-suited to provide a meaningful report on our audit findings that addresses each of these questions.

Our computer specialists have significant experience in many related areas of computer systems consulting. They have audited systems ranging from large back-to-back mainframes to single personal computers, as well as mini-computers, networks and more. Our wide range of experience crosses many industries, including manufacturing, retail, banking, insurance, hotels, distribution and agencies. We would like to mention that our team has been performing IT audit services since the mid '80s with local employees. We also have certified employees in this area (CISA holders) In addition to these services, we also provide technology support to businesses in the following areas:

• Security Review
• General IT controls Review
• Contingency Planning and Disaster Recovery
• Application Systems Management
• Specialised Tailored Services

We provide advice on the appropriateness and application of accounting principles and policies for any particular business situation.  By closely coordinating our efforts with our Worldwide Services Industry Programme, we can also provide advice on specific industry practices and procedures as well as developing accounting procedures and management reports.

We have helped companies develop workable internal control systems.  We can help develop a system of internal control to suit clients' present needs.  More importantly, we can work with our clients to setup the system and once clients' current needs have been addressed, the system can be enhanced over time to ensure that controls are sufficient to meet  future needs as they grow.

For further information please contact Eissa El Refai.