Statutory & Tax Audit
Opinion on true and fairness of financial statements as required under the statute, accounting standards, IND AS, guidelines by the regulator, income tax provisions and disclosures in the specified formats.
- Internal Audit: Evaluating company's internal controls, corporate governance and accounting processes to improve overall efficiency. An effective internal audit is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organization. Organizations are increasingly leveraging internal audit as a strategic resource, recognizing that internal auditors’ broad and deep perspective of operations, risks and potential opportunities can help inform business decision-making. All organisations are subject to fraud risks and there have been several instances when frauds have disgraced organisations as a whole.
- Forensic Audit: To detect, improve or mitigate chances of fraud or misappropriation of resources/ funds.
- Cost Audit:Audit of business operations, processes and transactions, identifying loopholes and providing suggestive cost effective measures.
Management Audit
Audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting, mergers, acquisitions etc.) wherein we closely work with the management in improving overall efficiency.
- Preparation and Implementation of Policies, SOPS, BPN, RCM: Assistance in preparation of Standard Operating Procedures (SOP), Business Process Notes (BPN), Risk Control Matrix (RCM) etc.
- Audit support: We also provide assistance in audit process thereby improving efficiency either independently or along with your existing teams. We offer unparallel support to auditors with a team comprising experts from several domains on every process.
Our audit methodology
It includes making recommendations for improvement, not just to express numbers and ensure compliances. The recommendations are realistic because we want you to implement them. We also ensure our clients are updated all around the year of accounting, financial and regulatory developments that may impact their business. Working in the capacity of an internal auditor, we provide following services:
- Risk Assessment and development of risk based audit plan;
- Evaluating the adequacy of the system of internal controls;
- Recommend improvements in controls;
- Assess compliance with policies and procedures and sound business practices;
- Assess and ensure compliance with legal and contractual obligations.