Company Audit

At Kelliher O’Shea we put emphasis on the planning stage of the statutory audit process in order
that we concentrate our efforts on the significant audit risk areas. Our audit methodology is
governed by a three step process. We plan the audit process, we execute the plan and we
communicate our findings to management and shareholders.

Systems and Procedures Audit

We have undertaken independent reviews of systems and procedures for companies who wish to
obtain a report detailing our observations and recommendations. The scope of our review is agreed
with management prior to the commencement of the engagement. All observations are given a
rating (high, medium, low) to indicate the level of risk we believe they pose to the company.

Agreed upon procedures

From time to time companies require an auditor to carry out agreed upon procedures and to issue a
factual findings report. We have experience in carrying out such agreed upon procedures as set out
by various bodies including Enterprise Ireland, Broadcasting Authority of Ireland and the Commission
for Energy Regulation.