Audit Approach

The Nexia International Audit Manual sets out the principles by which all member firms are required to carry out their audit work. The manual is compliant both with International Standards on Auditing and the ethical requirements of the International Federation of Accountants.

The approach focuses on the following areas:

  • Gaining a thorough understanding of the client’s business
  • Assessing where there is a risk of material mis-statement in the financial statements subject to audit and considering the client’s controls to address those risks
  • Planning and performing audit tests designed to obtain evidence of the key financial statement assertions
  • Review and quality control procedures that ensure the planned work has been carried out and that appropriate conclusions have been reached
  • Forming an opinion and reporting that opinion.



Nexia International is a worldwide network of independent accounting and consulting firms. It does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members.
Membership of Nexia International does not constitute any partnership between members, and members do not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, other members.