Statutory Audit & Assurance

Statutory Audit & Assurance Services

Independent, rigorous audit services that build trust with shareholders, donors, regulators and lenders — conducted by ICPAK-licensed professionals in Thika, Kenya.

20+Years of Audit Experience
ISAInternational Standards Followed
100%Independence Guaranteed
ICPAKLicensed Auditors
Audit team reviewing documents
About This Service

Independent Audits That Stakeholders Trust

A statutory audit is not just a legal requirement — it's a statement to your stakeholders that your finances are transparent, accurate and well-managed. Our certified auditors conduct thorough, risk-based audits that go beyond compliance.

  • Annual statutory audits for companies, NGOs and societies
  • Donor and grant audits for development organisations
  • Special purpose and agreed-upon procedures audits
  • Review engagements and compilation of financial statements
  • Audit reports accepted by KRA, NGO Board, county governments
  • Management letters with actionable control recommendations
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What's Included

Our Audit & Assurance Services

Comprehensive audit solutions across entity types and regulatory frameworks in Kenya.

Company Statutory Audit

Annual audit of financial statements for limited companies as required under the Companies Act 2015 — issued to shareholders and filed with the Registrar.

NGO & CBO Audit

Audit of NGO financial statements as required by the NGO Co-ordination Board — including donor-specific audit annexures and narrative reports.

Donor / Grant Audit

Project-specific audits for USAID, EU, UN, bilateral donors and embassies — prepared in donor-required formats with full expenditure verification.

Sacco & Society Audit

Audit of savings and credit cooperatives (SACCOs), investment clubs, chamas and professional associations in compliance with SACCO Societies Act.

Special Purpose Audit

Targeted audits for specific transactions, balance sheet items or periods — commonly required for loan applications, mergers, due diligence or disputes.

Review Engagements

Limited assurance engagements providing analytical review and management inquiry — a cost-effective alternative when a full audit is not required.

Agreed-Upon Procedures

Factual findings on specific financial data as requested — creditors, debtors, payroll verification or stock counts — reported to named parties.

Management Letters

Detailed reports on internal control weaknesses and operational improvements identified during the audit — a roadmap to a stronger organisation.

Our Standards

How We Conduct Our Audits

Every audit we conduct follows internationally recognised frameworks adopted in Kenya.

ISA

International Standards on Auditing

All our statutory audits are conducted in full compliance with ISAs as adopted by ICPAK — ensuring consistency and credibility.

IFRS

International Financial Reporting Standards

Financial statements are prepared and audited in compliance with IFRS and IFRS for SMEs as applicable to your entity.

IPSAS

Public Sector Accounting Standards

For county governments, state agencies and public bodies, we apply IPSAS as required by the Public Finance Management Act.

ICPAK

Professional Ethics Code

Our auditors adhere to the ICPAK Code of Ethics — including independence, objectivity and professional scepticism requirements.

The Audit Process

How We Conduct Your Audit

A structured, transparent process designed to minimise disruption to your team.

1

Planning & Risk Assessment

We understand your business, assess risks and design an audit strategy.

2

Interim Fieldwork

Testing of internal controls and systems — often done mid-year.

3

Year-End Procedures

Substantive testing of year-end balances and transactions.

4

Clearance & Reporting

Findings discussed, draft report issued and management responds.

5

Signed Audit Report

Final signed auditor's report with management letter issued.

Why Choose MMA for Your Statutory Audit?

Independence matters. As an ICPAK-licensed firm, we bring genuine professional scepticism and objectivity — not just a rubber stamp. Based in Thika, we serve clients from Murang'a, Kiambu, Nairobi and across Kenya.

About Our Firm
  • True Independence — Objective auditors with no conflict of interest, ever
  • On-Time Delivery — We commit to audit completion dates and meet them
  • Plain-Language Reports — Findings communicated clearly to management and boards
  • Local Expertise — Deep knowledge of Kenya's regulatory and tax environment
Common Questions

Frequently Asked Questions

Who is legally required to have a statutory audit in Kenya?
All registered limited companies, NGOs registered with the NGO Board, SACCOs, and public sector entities are required by law to have annual audits. Some donor grants also require mandatory external audits regardless of entity type.
How long does an audit take?
A typical SME statutory audit takes 2–4 weeks from receipt of complete records. NGO and larger entity audits may take 4–8 weeks. We agree on a clear timeline at engagement and keep you updated throughout.
What records do you need from us?
We provide a detailed audit requirements list upon engagement. Generally this includes trial balance, bank statements, board minutes, contracts, payroll records and fixed asset register. We'll guide you on format and delivery.
Can you audit accounts prepared by another accountant?
Yes. We frequently audit financial statements prepared by in-house accountants or other firms. Independence protocols are maintained regardless of who prepared the books.
Do you conduct donor audits for international funders?
Yes. We have extensive experience with donor audit requirements from USAID, EU, DFID/FCDO, UN agencies and bilateral funders. We prepare audit reports in donor-prescribed formats and work directly with program staff.

Ready to Schedule Your Audit?

Contact our audit team today. We'll scope your engagement and provide a transparent fee proposal within 48 hours.