Public Sector

Government departments and public sector bodies require confidence in audited financial statements, particularly as:

• Significant decisions are made on foot of such audits
• The reputations of the departments or organisations concerned can be adversely affected if standards fall below what are expected (reputational risk)

At FGS, we are market leaders in providing audit services to public sector bodies in Ireland.

Audit methodology

What distinguishes FGS’s audit services for public sector clients are:

• Our thorough audit methodology
• The manner in which our partners and senior audit specialists engage with public sector officials

Following appointment, FGS will conduct a detailed initiation session with the public sector client to determine needs, expectations and professional service requirements. This meeting is led by an audit partner who is available to the client throughout the course of the assignment.

The audit team’s role is to help identify major risks beyond the traditional financial reporting function. We look at the systems and internal controls in place, to determine the reliability and accuracy of all financial information.

Risk assessment

Risk assessment and risk analysis are important parts of the process, as are recommendations on improvements in reporting and accounting systems to eliminate further potential problems.

All audit work is conducted in accordance with international auditing standards. FGS also supports the work of audit committees within public sector bodies.