In line with changes in the business environment over the last decade, there have been significant changes in auditing practices. Where possible the move has been away from substantive testing of financial statements towards compliance testing and analytical reviews. However, these new techniques need a high level of assurance of internal controls, something that is not necessarily obtainable in Zimbabwe. Our clients are increasingly under pressure to curtail costs in today 's economic environment. They want more focus on their particular needs and the cost effectiveness of their audits.
Audits have to create value over and above the signature on the financial statements.
Auditors are expected to make use of the knowledge they have gained while performing the audit to provide feedback that will help clients improve their businesses. In other words, clients want business advisers. The focus of our audit work is not just on the numbers, but on each client's entire business. Instead of directing our attention only to how risk areas should be audited, we look at the underlying root causes. The emphasis is on fixing what's broken.