Audit and assurance

Statutory audit and commissariat aux comptes in Djibouti

An independent opinion that strengthens the confidence of your shareholders, banks, supervisory authorities and partners.

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Chartered accounting Statutory audit Contractual and internal audit Donor project audits Tax and payroll Advisory

Companies that exceed the legal thresholds, banks and insurers, public enterprises and many foreign owned subsidiaries must appoint a statutory auditor. AXIAL Advisory and Audit carries out these mandates in accordance with the International Standards on Auditing, with a method designed to disturb your teams as little as possible and to deliver reports on time for your general meeting.

Our partners have audited banks, public utilities, port and logistics companies, donor funded projects and foundations in Djibouti. This experience of regulated and sensitive environments translates into precise risk assessment, documented work and recommendations that management can actually use.

Our audit services

Statutory audit mandate

Certification of annual accounts, general report to the shareholders, special report on regulated agreements and attendance at the general meeting.

Regulated institutions

Audit of banks, microfinance institutions and insurers, including the specific reports expected by the Banque Centrale de Djibouti and the supervisory authorities.

Contributions, mergers and transformations

Reports on contributions in kind, mergers, capital increases and company transformations, delivered within the deadlines imposed by corporate law.

Our audit approach

Who appoints us

Limited companies above the thresholds, banks and insurance companies, public and parastatal enterprises, free zone companies whose licence renewal requires audited accounts, subsidiaries that must report to a parent company abroad, and foundations or associations whose statutes or donors require an audit.

Acceptance and planning

Independence checks, understanding of the business and its environment, materiality and risk assessment, audit plan shared with management.

Interim work

Evaluation of internal control, tests of procedures on purchasing, sales, payroll and treasury, early identification of adjustments.

Final work

Substantive testing of balances, confirmations from banks, customers and lawyers, review of estimates, events after the closing date and going concern.

Reporting

Closing meeting, general and special reports, letter of recommendations to those charged with governance.

Frequently asked questions

Answers to the questions we are most often asked before an engagement.

Public limited companies and companies exceeding the thresholds set by law, as well as banks, insurers and regulated institutions. We check your situation free of charge during the first meeting.

For a medium sized company, the interim phase takes a few days before the year end and the final phase one to two weeks after the accounts are available. Reports are issued at least fifteen days before the general meeting.

No. Independence rules prohibit it. If AXIAL keeps your accounts, we will recommend another registered auditor for the mandate, and vice versa.

We discuss them with management first. Corrected before the closing, they do not affect the opinion. If they remain, the report is qualified and explains the reasons, as the standards require.

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