Auditing & AssuranceOur Auditing & Assurance services are customized to help clients meet their financial and non-financial assurance needs. These services include:
| Financial Statement Audits | Operational Audits |
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Statutory Audits |
Systems Audits |
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Compliance Audits |
Due Diligence |
Our Audit Approach
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Navy and Yan’s (N&Y) Audit Services make sense of the new and increasingly complex risks existing in today’s business world and how these risks can be reflected in an organisation’s performance.
We emphasise on developing a comprehensive understanding of our client’s business and on how management operates and controls the various business processes. This approach focuses on performance indicators that drive the organisation. As part of our planning procedures, we aim to gain a thorough understanding of the business including its strategies, risks and controls. This understanding allows focusing on critical areas, thus performing an effective and efficient audit.
Our audit methodology complies with International Standards on Auditing (ISA) and is tailored specifically to the business and regulatory market environment in which our clients operate. As part of the audit process, we create a business model that represents the foundation for our audit. This model is used as a blueprint for identifying and assessing risks that may threaten the achievement of the objectives of the organisation.
As a by-product of our audit, we offer, as far as possible, recommendations for the improvement of business processes and operational as well as financial controls. We also offer advice with regards to compliance with International Financial Reporting Standards and Companies Act.

Countrywide Financial reports 3Q loss of $1.2B on mortgage woes, expects profits in 4Q, 2008
The largest U.S. mortgage lender, Countrywide Financial Corp. lost $1.2 billion (€830 million) in the third quarter amid the country's housing woes, but its shares soared it said it expects to be profitable this quarter and next year.
It was Countrywide's first quarterly loss in 25 years.
But the Calabasas, California-based company said Friday it will be profitable in the fourth quarter and in 2008, as it restructures its business to take advantage of the current market.
"We continue to be bullish about the longterm prospects of both Countrywide and our industry," Chairman and Chief Executive Angelo Mozilo said during a conference call with Wall Street analysts.