Financial audit - Mazars - Tunisia

Expressing our opinion on the sincerity and regularity of financial statements from our clients, our audit assignments are of great significance to those who use the financial information (shareholders, financial investors and management) and they require adherence to the principles of professional ethics as well as integrity and independence.

To this end, Mazars conducts a questionnaire of acceptance for each assignment and has a charter of conduct for objectivity and independence which allows us to avoid conflicts of interest.

There are two types of service offered by Mazars within this framework:

• Contractual audit: consisting of an optional audit requested by the companies, not based on a legal obligation.
• Statutory audit: an engagement which fits within the framework of a legal obligation applying to specific entities. The statutory audit concerns companies in both the private and public sector.

These two types of engagements are carried out by highly experienced professionals who have an established experience in the auditing of many companies operating in various sectors. These audits are carried out in a specific manner consisting of the due care approach, according to Mazars' auditing standards, which are largely inspired by the International Standards for Auditing of IFAC and which respect local professional standards and legal obligations of the relevant regulators.
Mazars's approach is founded on a permanent cycle of improvement, reducing the risk of audit and increasing the effectiveness and the added value of the audit. This includes the three following phases:

• Phase 1: General awareness and adaptation of the strategy of audit;
• Phase 2: The review of the administrative and accounting procedures as well as internal system of audit;
• Phase 3: Audit of financial accounts

Moreover, our work is structured according to the requirements of our audit software, which integrates all the phases of the audit process (planning, analyses, documentation, extraction, review) and which is constantly updated in order to integrate the innovations in particular as regards to standards of audit.

In addition, the firm has, for a few years, specialized in the audit of projects which involves giving an opinion about the use of funds granted by international organizations such as the European Community or the World Bank to public organizations in Tunisia and in neighbouring countries (such as Algeria).