Why COMPASS, COMPlete Audit Support Services ?
COMPASS can act as your technical advisor for any significant, difficult, or contentious issue identified during planning or throughout the statutory audit engagement.
Why not engage to COMPASS’ collective experience and expertise to reduce the risk of error and improve the quality of audit engagement performance?
A consultative environment improves the audit practice’s learning and development process and adds strength to the audit practice’s collective knowledge base, quality control system, and professional capabilities.
Just like a compass provides direction, orientation and triangulation, so does the professional advice being offered to all different sizes of audit firms. Compass approach is geared to provide independent external reviews to audit practitioners and to train them attain higher levels of quality in their methodologies. This is carried out by continually assisting auditors address complex situations whilst providing them with the tools needed to ensure compliance.
It is reassuring to have COMPASS by your side!
Plan routes – determine directions and distances to travel on a map
Tells which direction you are travelling – your heading
Tells which direction an object is from you – its bearing
Provides triangulation – determining your location with a map
Orients a map – aligning a map with the actual land
Keeps you following a straight line of travel
Credo
COMPASS understands that audit reviews are personal. COMPASS does not hold a portfolio of clients, is free of conflict of interest, and is held to a high standard of objectivity.
COMPASS is not connected in any way with any auditor, audit firm or accountancy entity nor does it hold a portfolio of these clients. COMPASS’ decision making is driven by three key values of Independence, Competence and Professionalism. Here is COMPASS’ (COMPlete Audit Support Service) Credo.
Independence
1. To maintain high level of independence by not holding a portfolio of audit or accountancy clients.
2. To avoid conflict of interest, by not being connected in any way with any auditor, audit firm or accounting practice.
3. To respect the confidentiality of the working relationship.
Competence
4. To honorably serve the needs of auditors by providing professional services.
5. To support your audit practice in the specialised areas of accounting or auditing, and other related services.
6. To deliver tailored solutions that suit the practice’s requirements.
Professionalism
7. To show you courtesy and respect at all times.
8. To deliver the services with agreed timeframes.
9. To inform you in advance of the fees to be charged for the services provided through the terms of engagement.
10. To be proactive in identifying and addressing your needs; and in sharing and collaborating with you.
Vision
To nurture the growth of audit support service in Malta and abroad for all auditors irrespective of their structure, size and expertise.
Mission
To be committed to service excellence in assisting auditors to find the best solutions to their needs.
COMPASS
REVIEWER
focused
experienced
competent
reputable
au courant
responsive
VALUES
independent
ethical
reliable
confidential
sincerity
REPUTATION
command of area
engaging with auditors
professionalism
high quality
well versed
Reviewing
REPORT
factual
balanced
in-depth analysis
rated
priorities
delivered on time
COMMUNICATE
direct involvement
listen to concerns
advise
TOOLS
compliant
manuals
checklists
supportability
knowledge base
Training
ON-SITE
known environment
relaxed demeanour
daring questions
practical
active participation
CONTENT
fits your needs
flexible
CPE certificate
tailored
endless possibilities
LEARNING EXPERIENCE
expanding your skill sets
a partner, not a number
powerful learning
Assisting
AUDIT & ASSURANCE
command of area
technical backing
documented advice
reliability
accountability
DIRECT
phone
e-mail
technical report
DYNAMISM
changes in profession
regulatory reforms
industry specific
global trends
compliance
