Audit and Assurance - Quality and integrity

Our audit philosophy

Auditing is a highly complex process, and the importance of auditors as a vital link in the financial reporting chain and their role as trusted advisors has increased manifold in the present era. Mak & Co. provides a range of audit and advisory services to assist clients in achieving their business objectives, managing their risk and improving their business performance. Using our state-of-the-art tools enables Mak& Co. audit professionals to deliver the assurance service quality and excellence that is implicit in the Mak& Co. brand and that the financial community and public expect.

Within Mak & Co. we have robust audit tools, resources and procedures to provide the means for our professionals to deliver high-quality audit services. In delivering these services we adhere to the highest standards of independence, professional objectivity and technical excellence. Our international audit approach is applied consistently around the world, while providing the flexibility to serve the unique circumstances and complexities of our clients. Our audit approach focuses on understanding the clients' global business and control issues from the inside out. It combines a rigorous risk assessment, diagnostic processes, audit testing procedures as well as a continuous assessment of our clients' service performance.

We provide our clients top notch assurance service complying International and Local Auditing standards.

Audit and Assurance - Quality Control System

We have a very strong quality assurance system in place, the policies adopted in this respect include involvement of an additional partner as advisory partner in every major audits, dedicated team for specified sector specialized training courses, engagement quality assurance review programs and a formalized consultative framework. We bring to every aspect of our service the highest levels of commitment, professionalism, energy, and enthusiasm.

We have the vision of being auditors of the large number of companies in Bangladesh, including the largest bank in the country, the largest listed company in terms of market capitalization, and several other reputable entities including public sector entities.

Key components of quality control

Global Client Service Standards

We have service standards we use to monitor and evaluate the quality of service.

Client acceptance and continuance

To ensure that we do not incur unacceptable risks, we have rigorous client acceptance and continuance procedures, which require review by a special quality-control group.

Commitment to training and specialization

Our extensive curriculum covers ethics, independence, core and advanced technical matters, and a variety of business advisory and management programmes.

Internal practice reviews

To help maintain a high level of consistency, partners and senior managers periodically review the quality control standards and audit work of colleagues.

Engagement quality control reviews

A member who is not directly associated with the engagement but who is knowledgeable about the client's industry reviews financial statements and deliverables we issue and selected work papers; this individual then consults on any technical accounting issues or significant audit judgments.