Edmonton · Canada
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Cases · Tax, finance & assurance · Audit, assurance & financial integrity
A business requires fraud-risk control testing
Usually led by Audit, with Accounting and annual filings and Anti-bribery, sanctions and compliance. WONE Global brings the areas of expertise and countries together, with a named professional in each market where one is published.
The situation
What is happening
Statutory audits, assurance for lenders and investors, and reviews of controls.
The first questions
- Which audit or assurance is required, and by whom?
- Which auditing standards and licences apply?
- Is the auditor independent of other work you receive?
- What is the deadline?
Who faces this
- Boards
- Audit committees
- Investors
Cross-border complications to check
- Audit licensing & independenceAudit work requires jurisdiction-specific licensing and independence checks · Audit & Assurance
- Ultimate beneficial ownershipLayered ownership complicates identifying the persons behind a counterparty · Risk, Compliance & Financial Integrity
- Sanctions conflictsParties are subject to differing sanctions and licensing regimes · Risk, Compliance & Financial Integrity
The solution
How WONE Global handles it
Usually led by Audit, with Accounting and annual filings and Anti-bribery, sanctions and compliance.
How WONE Global usually approaches audit, assurance & financial integrity
- 01Confirm the requirement and the licensed auditor needed in each country.
- 02Check independence before anything is agreed.
- 03Coordinate audit or assurance work across entities.
- 04Address findings and control gaps.
General guidance for this subject. The route for your case depends on the countries, the deadlines and what you already hold.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Audit, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Canada WONE Global Partner Chris T.H. Heo · Partner Brief this Partner →
- Colombia WONE Global Partner James Tamayo Puerta · Managing Partner Brief this Partner →
- Ecuador WONE Global Partner Pablo Andres Guerra · Country Managing Partner Brief this Partner →
- Hong Kong WONE Global Partner Yvonne Chow · Partner Brief this Partner →
- Kenya WONE Global Partner Abdul Bagha · Managing Partner Brief this Partner →
- Mexico WONE Global Partner Miguel Angel Asencio Asencio · Founder, Managing Partner Brief this Partner →
- Saudi Arabia WONE Global Partner Abdullah Yousef Alhussaini · Founding Partner Brief this Partner →
- United Arab Emirates WONE Global Partner Priju Dominic · CEO & Founding Partner Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Singapore On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
- United States On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Edmonton · Canada
Medellín · ColombiaWONE Global Capability Partner · Colombia
James Tamayo Puerta
Quito · EcuadorWONE Global Capability Partner · Ecuador
Pablo Andres Guerra
Experienced Partner with a demonstrated history of working in the accounting industry. Skilled in International Tax, External Audit, Generally Accepted Accounting Principles (GAAP), Income Tax, and Tax. Strong entrepren…
Kowloon · Hong KongWONE Global Capability Partner · Hong Kong
Yvonne Chow
Ms. Chow, our director, graduated from Smith College (US), and obtained her master's degree in Religion from Yale University. She is an associate member of Hong Kong Institute of Certified Public Accountants and Institu…
Nairobi · Kenya
Mexico City · MexicoWONE Global Capability Partner · Mexico
Miguel Angel Asencio Asencio
Miguel has more than 30 years of experience with national and international exposure, 19 years with Deloitte Mexico from February 1998 through November 2016, serving multinational clients on different industries such as…
Discover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets
Services and subject
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
Audit, assurance & financial integrity
Related cases
Are our controls abroad strong enough before we grow further?Our business requires its first statutory auditAn audit opinion has been qualifiedThe audit committee needs an independent controls reviewA lender wants assurance over financial informationOur overseas subsidiaries need coordinated audit workA transaction requires audited carve-out financial statementsWe need assurance on an agreed set of financial proceduresThere are unexplained inconsistencies in inventory recordsOur charity needs an independent financial audit
WONE Global Intelligence
Ask about doing business across borders
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.
UNIONE™ · Before You Arbitrate™
If this becomes a dispute, test it first.
Test the claim or the defence, the evidence, the exposure and the settlement options before committing to formal proceedings.
01 · Before signatureBefore You Sign™Get the dispute clause, governing law, seat, notices and escalation steps right while the contract can still change.Review the contract 02 · A dispute is emergingBefore You Arbitrate™Test the claim or the defence, the evidence, the exposure and the settlement options before committing to formal proceedings.Test the claim 03 · A binding decision is neededArbitrationStart, answer or run an administered arbitration under the UNIONE™ Rules, with procedure sized to the value, urgency and evidence.Open arbitration 04 · Before enforcementBefore You Enforce™Plan recognition, assets, jurisdiction and security, including State and State-owned parties, before committing to enforcement.Plan recovery
For this moment
Before You Arbitrate™Independent Assessment™Claim Viability™, Defence Exposure™, Evidence Gap Map™ and Settle or Proceed™, before money is committed to proceedings.Before You Arbitrate™Structured Resolution™Mediation, neutral evaluation and expert determination, run to a timetable.
UNIONE™ is the UNBOUNDED™ Global Ecosystem's institution for cross-border dispute prevention, resolution, arbitration and enforcement. Like WONE Global, it is part of the ecosystem, and the two work as one. Links open theunione.org. Visit UNIONE™ · Disputes with WONE Global and UNIONE™