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A financial audit is conducted to provide an independent assessment of the company’s financial information and accounting records.Seven Stones Indonesia will review the company’s financial statements and supporting accounting documentation, including the general ledger, trial balance, bank records, accounts receivable and payable, sales and expenses, fixed assets, payroll, tax records, loans, shareholder transactions, and other relevant financial information.Where applicable, the audit will also examine dividend distributions, including the calculation and allocation of dividends to shareholders, supporting payment evidence, shareholder approvals, and related tax documentation.The audit procedures are designed to identify material inconsistencies, unsupported transactions, accounting discrepancies, documentation gaps, and other matters that may require management’s attention.The scope and depth of audit procedures may vary depending on the company’s circumstances, the availability and quality of accounting records, transaction volume, and the agreed engagement scope.KEY CHARACTERISTICS & FEATURESIndependent Financial Review: An independent review of the company’s financial information and accounting records within the agreed audit scope.Financial Statement Examination: Review of the company’s financial statements and underlying accounting records to assess their consistency and supporting documentation.Transaction & Ledger Review: Examination of selected accounting transactions, trial balances, general ledger accounts, and supporting documentation.Bank & Cash Verification: Review of bank statements, bank reconciliations, and relevant cash movements to identify discrepancies or unreconciled balances.Receivables & Payables Review: Review of accounts receivable and accounts payable listings and supporting documentation.Tax & Payroll Review: Review of relevant tax reports, tax payments, payroll records, and supporting documentation as part of the agreed financial audit scope.Asset & Liability Review: Review of fixed assets, loans, shareholder-related balances, and other material balance sheet items.Dividend Review: Where applicable, examination of dividend calculations, shareholder allocations, payment evidence, approval resolutions, and related tax documentation.Identification of Discrepancies: Identification and reporting of material inconsistencies, unusual items, missing supporting documents, or accounting matters requiring further attention.Audit Findings & Recommendations: Communication of significant findings and practical recommendations based on the audit procedures performed.COVERAGEThe Financial Audit Service may cover the following areas:Financial statementsTrial balance and general ledgerBank accounts and bank reconciliationsCash and cash equivalentsAccounts receivableAccounts payableRevenue and sales transactionsOperating expensesFixed assetsPayroll and employee-related expensesLoans and financingShareholder-related transactionsTax reports and tax paymentsAgreements and contracts affecting financial transactionsDividend calculations and distributionsShareholder ownership and allocation of dividendsDividend payment evidenceShareholder / General Meeting approvalsDividend-related tax documentationPrevious audit findings, where a previous audit report is availableThe specific procedures and testing performed will depend on the agreed audit scope and the company’s circumstances.SERVICE EXCLUSIONSUnless specifically included in the engagement letter or quotation, the following are excluded:Forensic audit or fraud investigationLegal due diligenceComprehensive tax auditTax dispute or tax litigation representationAccounting/bookkeeping reconstructionPreparation of missing accounting recordsReconstruction of missing invoices or financial documentsPreparation or correction of historical financial statements outside the agreed scopeCompany restructuring or corporate legal servicesValuation servicesBusiness valuationAsset appraisalIndependent legal opinionsBank confirmation fees or other third-party chargesGovernment fees and penaltiesNotarial feesTranslation or sworn translation feesAdditional audit procedures requested after commencementExtensive investigation of suspected fraud, misconduct, or irregularities unless separately engaged