In addition to the submission of our auditor’s report to shareholders as require by law, we also prepare, as a normal part of our audit, management letter, which would include comments on deficiencies we have observed in internal controls and possible ways to improve upon the efficiency of our clients’ operations. It is our practice to discuss our comments on such matters with the appropriate level of management.
Quite apart from carefully determined engagement team for each audit, quality control is exercised as a complementary function by a partner.
It is our policy to assign to audit engagement only professional staffs who satisfy the profession independence requirements applicable to the particular engagement.
It is our policy to adopt financial statements on which we give an opinion, a presentation that best meets the operational and managerial requirements of the client. However, in all cases, we ensure that the presentation is consistent with generally accepted accounting standards and show a true and fair view of the state of affairs of the client’s business and the results of its operations.