At Cheror Lagat and Associates, we deliver audit services that go beyond ticking compliance checklists. Our audits are designed to provide independent assurance, uncover hidden risks, strengthen governance, improve internal controls, and build long-term trust with your stakeholders.

We don’t just prepare reports; we empower your management, board, and partners with insights that improve decision-making and reduce risk exposure.

We Offer Three Core Audit Types

Statutory Audits

A statutory audit is a legal requirement for many companies, SACCOs, and institutions in Kenya, especially those that exceed certain thresholds of size or complexity. We conduct these audits annually in line with the International Standards on Auditing (ISAs) and ensure compliance with International Financial Reporting Standards (IFRS).

Beyond compliance, our statutory audits give you:

• Financial statements that meet regulatory and investor requirements

• Confidence when applying for government or donor tenders

• Proof of accountability to regulators, boards, and shareholders

• Reduced risk of penalties and disputes with the Kenya Revenue Authority (KRA) or other regulators

We ensure your statutory obligations are met — but we also highlight ways to improve reporting efficiency and accuracy.

Internal Audits

Internal audits go deeper into your systems and processes. Our independent evaluations help you:

• Test internal controls for strength and reliability

• Identify fraud risks or loopholes in processes

• Ensure compliance with company policies and industry regulations

• Improve efficiency and cost-effectiveness across departments

• Provide assurance to boards and oversight committees

Whether monthly, quarterly, or annually, our internal audits strengthen accountability and discipline within your organization, helping management make informed, risk-aware decisions.

Targeted Audits

Sometimes your organization doesn’t need a full statutory or internal audit, but instead a focused review of high-risk areas. That’s where targeted audits come in.

We conduct procurement audits, payroll audits, donor compliance audits, fraud investigations, system audits, and project-specific audits. These give management precise assurance where it matters most.

For NGOs and donor-funded projects, our donor compliance audits ensure that funds are used as intended, donor reporting requirements are met, and future funding opportunities are protected.

Why It Matters

Audits are not just for regulators, boards, or donors — they are powerful tools for strengthening business strategy.

A well-executed audit can:

• Identify gaps in financial systems and processes before they become costly errors

• Improve transparency and boost confidence among directors, investors, and donors

• Support funding applications, donor grants, and tender opportunities with credible, verified accounts

• Protect directors and managers from legal, tax, and compliance liabilities

• Help management make better strategic decisions based on reliable information

• Detect fraud, revenue leakages, or inefficiencies early

In today’s environment, where compliance and accountability are non-negotiable, audits are a safeguard for growth and trust.

Our Approach

We don’t believe in one-size-fits-all audits. Every organization is different, and so is every audit we perform.

Initial Engagement & Scoping

We begin by engaging your leadership and finance teams to understand:

• Your organization’s structure and industry

• Key risks and challenges you face

• The goals and expectations of the audit

This allows us to design an audit plan that is focused, relevant, and efficient.

Risk-Based Methodology

We adopt a risk-based audit approach — concentrating on areas with the greatest risk of error, fraud, or regulatory exposure. This ensures we provide maximum value while keeping audits efficient and cost-effective.

Document Review & Fieldwork

Our team reviews your financial records, accounting systems, policies, and controls. We test transactions, verify reconciliations, and analyze data while keeping communication transparent to avoid surprises.

Findings & Recommendations

We don’t just flag problems; we provide practical, prioritized recommendations that management can act on immediately. This makes our reports tools for improvement rather than just compliance.

Post-Audit Support

Unlike many auditors who leave after submitting the report, we remain available to:

• Explain findings in plain language to management and boards

• Guide your team in implementing corrective measures

• Help prepare for future reviews, growth, or regulatory inspections

What Sets Us Apart

• Contextual Understanding: We know that an NGO’s audit requirements differ greatly from a SACCO or family-owned business. We adapt our process to your context.

• Modern Tools: We leverage digital tools such as Zoho Books, QuickBooks, Excel analytics, and audit software to test large datasets quickly and accurately.

• Professional Standards: All our audits comply with ISAs and IFRS, and we uphold the strict integrity, independence, and confidentiality standards of ICPAK.

• Transparent Process: We keep you updated throughout the audit to avoid last-minute surprises or disruptions to operations.

Who We Work With

Our experience spans multiple industries and organizational types:

• SMEs in retail, consultancy, logistics, and services

• NGOs and CBOs requiring donor-compliant reviews

• SACCOs and financial institutions protecting member funds

• Educational and faith-based institutions with governance and donor obligations

• Startups preparing for investor due diligence

• Family-owned businesses formalizing financial systems for growth

This diverse portfolio means we understand the unique risks and expectations across sectors.

When to Call Us for an Audit

• You should consider an audit if:

  • You are approaching the end of your financial year

  • You are preparing funding, grant, or investor applications

  • You suspect fraud, revenue leakage, or inefficiency in your systems

  • You’ve recently expanded, scaled, or changed financial systems

  • Your board or regulator has requested an independent review

  Being proactive with audits gives your business a reputation for transparency, accountability, and professionalism.

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  Our Reports Speak to People — Not Just Accountants

  Audit reports are often filled with technical jargon. At Cheror Lagat and Associates, we believe reports should be clear, actionable, and easy to understand.

  Our audit findings are explained in simple, practical language that boards, donors, investors, and staff can easily grasp. This ensures recommendations are not only understood but also implemented.

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  An Audit Should Strengthen, Not Scare You

  At Cheror Lagat and Associates, we see audits as strategic tools for growth, governance, and compliance — not as punishments.

  Our team delivers thorough, respectful, and insightful audits that protect your organization while uncovering opportunities for improvement. If you’re seeking an audit partner who combines technical expertise with business empathy, we’d be glad to work with you.

  Frequently Asked Questions About Audit Services in Kenya

  1. What types of audits does Cheror Lagat & Associates provide?
     We offer statutory audits, internal audits, and targeted audits such as payroll, procurement, donor compliance, and fraud investigations, tailored to your organization’s needs.

  2. Who is required to have a statutory audit in Kenya?
     Companies, SACCOs, and institutions that exceed certain size or revenue thresholds are legally required to undergo annual statutory audits in line with ISAs and IFRS.

  3. What is the difference between internal and statutory audits?
     Statutory audits focus on compliance and financial reporting for regulators, investors, or donors. Internal audits evaluate your internal controls, risk management, and operational efficiency for management insight.

  4. Can audits help detect fraud or financial mismanagement?
     Yes. Our audits test internal controls, review processes, and identify loopholes or discrepancies that could indicate fraud, inefficiencies, or revenue leakages.

  5. Do you conduct audits for NGOs and donor-funded projects?
     Absolutely. We provide donor-compliant audits to ensure funds are used appropriately, reporting obligations are met, and future funding opportunities are protected.

  6. How do you ensure audits add value beyond compliance?
     We provide practical recommendations, highlight process improvements, strengthen governance, and deliver clear, actionable reports that management can implement immediately.

  7. When should a business or organization schedule an audit?
     Consider an audit at year-end, before seeking funding or grants, after system changes, or if there are suspicions of fraud, inefficiency, or financial discrepancies.

  8. How does your risk-based audit methodology work?
     We focus on areas with the highest risk of error, fraud, or regulatory exposure, ensuring audits are efficient while delivering maximum insight and assurance.

  9. Do you assist organizations after the audit is completed?
     Yes. We provide post-audit support, helping management understand findings, implement corrective actions, and prepare for future audits or inspections.

  10. Which industries or organizations do you work with?
      We serve SMEs, startups, SACCOs, NGOs, CBOs, educational institutions, faith-based organizations, and family-owned businesses across Kenya, adapting our audits to each sector’s unique risks and requirements.