Audit & Assurance
PwC professionals provide a broad range of Audit and Business Advisory Services to:
- manage business, financial and controls risk;
- enhance financial management; assist with corporate transactions;
- assist with corporate transactions;
- enhance shareholder value and improve competitiveness;
- help clients plan for legislation and regulations that may affect their operations; and
- provide attest and attest-related services.
Audit and Assurance
Audit services are an important element of our Bermuda practice. Our Audit and Assurance group is divided into specialized industry service teams meeting the needs of our local and international (exempted) company clients. Our Bermuda client base is, we believe, unparalleled. Our exempted company clients vary from small captive insurers to multi-billion dollar, multinational insurance companies headquartered in Bermuda, from small investment funds to large corporate holding companies. Locally, we have a strong presence, auditing more than half of the local companies listed on the Bermuda Stock Exchange.
In addition to various attest services, our audit professionals provide advice on accounting issues, SEC reporting, merger and acquisition due diligence and a range of other matters.
Accounting Services
Our Accounting Services Group provides various levels of accounting services to small and medium-sized local and international clients who wish us to maintain their day-to-day records and prepare periodic unaudited financial statements. Our experienced team of accountants offers an efficient value-added service which can range from preparing financial statements to fully outsourcing accounting and payroll services.
- Actuarial Services
- Internal Audit Services
- Systems and Process Assurance
Actuarial Services
Our actuarial services team helps clients act decisively on their most important issues. We apply our risk and analytical skills to turn complex data into the predictive insights that inform practical business solutions.
Internal Audit Services
Enhancing your Internal Audit (IA) capabilities to give you the power to see risk differently and the confidence to move faster in an uncertain world.
Systems and Process Assurance
Around the world, companies are taking a fresh, hard look at risk-redefining the role of risk management in achieving performance objectives and ultimately driving shareholder value. The main goal is not to eliminate risk, but rather to proactively assess and manage it to their advantage.
In today's business world, IT and financial reporting environments are becoming increasingly complex while even greater reliance is being placed on the information produced by these systems and processes. In addition, new regulations in many countries have put a greater emphasis on internal controls and often require independent assessments of the effectiveness of internal controls.
Attention to the design, documentation and operation of controls is critical to ensuring the accuracy and timeliness of information used for financial reporting and management decision-making.
If this is your situation
- You need confidence in the quality of the information produced by your IT systems.
- You need assistance in documenting or testing your internal controls over financial reporting.
- You need an independent review of your control structure, including identification of weaknesses and possible design enhancements.
- You rely on financial information from a third party and need independent assurance on that information.
- Your organisation provides services to a company and you've been asked to provide a SAS 70 report.
- You are implementing—or have just implemented—a new IT system and want a review of the controls.
- You are entering into a joint venture or other transaction and need due diligence on systems and controls.
How PwC can help you
Our Systems and Process Assurance (SPA) practice provides services related to controls around the financial reporting process, including financial business process and IT management controls. Serving both audit and non-audit clients, SPA provides:
- Financial and operation applications/business process controls reviews
- Database security controls reviews
- IT general controls reviews
- Infrastructure security reviews
- Third party assurance and opinion services
- Sarbanes-Oxley readiness, process improvement and sustainability services
- Compliance with other regulatory requirements (e.g., Turnbull, Basel II, King)
- Due diligence on systems and controls
- Pre- and post-implementation systems reviews
- Project assurance services
- Data services (e.g., CAATs, data quality reviews)
- Computer security reviews
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