Audit | Business Function



World Class Business

Vital to the financial reporting chain, Deloitte’s Audit professionals perform high quality independent audits of an entities’ financial statements in accordance with relevant standards. In addition, they provide a wide range of quality-focused attest, advisory, and assurance services to assist Deloitte’s clients (in both financial and non-financial matters) in achieving business objectives, managing risk, complying with regulatory requirements, and improving business performance.

Financial Statement Audits


Financial Statement Audit practices provide attest services to assess and express an opinion as to whether an entities’ financial statements are presented fairly, in all material respects, in accordance with the identified financial reporting framework. It can also include an Integrated Audit that comprises an audit of internal control over financial reporting that is integrated with an audit of the financial statements (e.g., an audit in accordance with the US PCAOB Auditing Standard No 5).



Advisory practices provide accounting advisory and other advisory services in support of Deloitte’s clients’ access to securities markets and security commissions reporting, International Financial Reporting Standards (IFRS), and Generally Accepted Accounting Principles (GAAP) accounting assistance, and due diligence support. Examples: IFRS and offering services (including IFRS implementation services, reporting advisory services, and cross-border offerings services), regulatory advisory, event consultation, finance transformation, and treasury advisory.

Other Assurance Services


Assurance Services practices involve engagements resulting in independent opinions that help decision-makers make more informed choices. This would include assurance on many of the accounting and advisory services mentioned above. Examples: agreed-upon procedures, internal controls assurance, regulatory reporting, reviews.

Professional Administrative Services


Professional Administrative Services practices provide outsourced professional services directly to Deloitte’s clients to assist them in running their business. Examples: administrative support, bookkeeping, accounting services.