Audit and Assurance

Armouti-Group > Our Services > Audit and Assurance

Independent, quality financial statement audits

Independent financial statements audits enhance the reliability of the information provided by companies to investors, creditors and other stakeholders. Armouti Group Audit provides both independent assurance and insight that goes beyond the audit opinion.

Our risk-oriented audit approach is based on a comprehensive understanding of the business activities of our clients, of the resultant business risks, and their implications for the annual financial statements and the management report.

This approach includes an assessment of the internal control system. We provide the management and supervisory body of the company with an extensive report on the findings of our audit.

The audit and assurance landscape is changing. Regulatory requirements, coupled with increased stakeholder demands for greater transparency are putting more pressure on organizations. As a result, the issue of audit and assurance is high on the agenda for many boards Our audit teams consist of experts with a significant array of domestic and overseas accounting and auditing practices, enabling us to respond quickly to revisions of accounting systems and laws.

In Armouti Group, we believe in the concept of Innovation, which help us in responding to the unprecedented challenges and opportunities we face as auditors. Core to our mission is acknowledging the responsibility we have as auditors to society and the capital markets. Innovations that lead to enhanced audit quality.

Financial Statement Audit

Armouti Group Jordan audit team consist of professionals who are independent and competent in performing audit services, we achieve the valuable goal of being a trusted intermediary between the providers of business information and the users of that information through providing different types of audit services including financial statements with varied frameworks with excellent efficiency and effectiveness, such as:

Statutory Audit

Audit of Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS).

Audit of Financial Statements under Jordan Securities Commission regulations (JSC).

Audit of Financial Statements under Jordan Central Bank of Jordan regulations (CBJ).

Audit of Financial Statements under Insurance Commission regulations (IC).

Non Statutory Audit

Financial Statement Audits of Companies to which Statutory Audits are not applicable.

Audit of Financial Statements prepared in accordance with Special Purpose Framework .

Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement.

Other Services

Accurate information is crucial for business decisions and business leaders need assurances beyond that provided by

financial statement audits.

Deciding which risks to take is a challenging task. It can be even more difficult if you’re concerned about systems or processes that are inaccurate, ambiguous or even unknown. Without the necessary assurances, you can’t be sure you have the right level of governance and risk management.

At Armouti Group, our assurance service will help your business mitigate risk and capitalize on new opportunities. We take a rigorous approach to the areas of your business that can be difficult to quantify or measure. We deal with complex situations and provide assurance where there is uncertainty.

Internal Audit

Carrying out planning and preparing internal audit programs in accordance with the requirements of our clients based on their risk assessment and the evaluation of periodic reports on their activities, which include observations and recommendations that we come out with through the implementation of the internal audit plan and programs in order to achieve the preservation of the company’s assets and assets, and to improve its internal control and control systems to achieve its objectives In addition, we have sufficient experience in establishing internal audit departments for companies, preparing manuals, work procedures, and written audit programs, with training for company employees on them.