Certification services involve the independent verification of specified financial or non-financial information and the issuance of certificates for use by banks, financial institutions, government departments and other stakeholders. Certificates are prepared on the basis of examination of underlying records and documents.
Common Types of Certificates
Typical certifications include:
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Net worth certificates
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Turnover and revenue certificates
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Working capital and solvency certificates
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Certificates for bank facilities and project finance
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Special purpose certificates required under statutes or contracts
Process
The certification process comprises:
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Understanding the purpose and format of the required certificate
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Examination of supporting books, records and documents
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Application of necessary verification procedures
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Issuance of the certificate in the prescribed form
Standards Applied
Certificates are issued in accordance with applicable professional standards and the specific requirements of the requesting authority.