Extensive audit procedures will depend on a thorough understanding of the Company's operations and processes. At the same time, we help the Company minimize and manage business risks by identifying weaknesses noted during the audit process that the Board of Directors needs to pay attention to.

CPA HCM's audit method is based on risk assessment, so it focuses on the main issues that need attention. We note the level of materiality and pay attention when assessing the general environment as well as risks related to special items of financial reports.  Our approach always puts efficiency first and finds every way not to increase costs for the Company related to unnecessary work.

More simply, CPA HCM's audit method focuses on reviewing compliance with principles and processes (if necessary) and evaluating the Company's business management.

A central part of our audit approach is audit planning combined with the support of the Company's Board of Directors. This directs audit efforts to areas of high business risk. During the audit process, key issues and risks will be identified and thereby determine the necessary audit procedures to check and review to achieve assurance about the data of the reports. Financial accounting is prepared.

Specifying our audit method to achieve the set goals, our audit method is divided into the following stages:

Stage 1: Audit planning and strategy

• Conduct an audit before the fiscal year to learn about the Company's business environment and operating system.
• Assess business risks and possible errors.
• Initial assessment of the internal control system.
• Recommend audit approaches and prepare audit programs including specific steps to perform audit procedures.

Stage 2: Perform audit procedures to collect audit evidence

• Re-evaluate the internal control system.
• Confirm audit methods and specific audit programs.
• Carry out audit procedures to collect audit evidence.
• Evaluate the audit evidence collected.

Stage 3: Review and report

• Collect feedback from the Company's Board of Directors, select and combine opinions if necessary and revise the draft Audit Report. On that basis, prepare the official audit report;
• The Audit Partner and the audit director jointly review the audit evidence collected and issue a final audit opinion on the financial statements.
• Prepare a management letter that includes the Board of Directors' response to the issues raised.

Stage 4: End of audit and meeting to learn from experience

• Organize a summary meeting with the Company's Board of Directors to discuss the main issues arising from the audit;
• During this meeting we will collect feedback from all parties to ensure that the requirements have been met and especially that the Company's Board of Directors feels satisfied with the results of the audit. . Issues that need improvement are also mentioned to ensure that the audit for the following years will be conducted more effectively and better.
• Discuss with the Company's Board of Directors about changes, if any, in the scope of work for the next audit.