Audit and Assurance

Audit and Assurance

We believe Audit and Assurance service is much more than just a procedural formality. Be it statutory Audit or internal, our core focus is to bring value addition to the assignment in a manner that highest client satisfaction is obtained in terms of assuring true and fair disclosures, identifying risks, evaluating systems, providing cost benefit analysis etc. In our opinion, Audit when carried out as per client needs, becomes a window of opportunity rather than an overhead.

We carry out cost effective audits and have over the years acquired an expertise in effectively executing special Audit assignments. Our endeavor is to ensure adherence to statutory & regulatory requirements and provide constructive & value addition to the Audit function.

We consider Audit function not only as a tool to ensure compliance and regulations, but consider it as an activity that would be useful to our clients in obtaining accounting opinions, establishing internal controls, establishing standard operating procedures, using it as risk management tool etc. Our Audit and Assurance services include:

  • Statutory audits :
  • An auditor is required to express an opinion on the true and fairness of the financial statements of every Company registered in India as per the Generally Acceptable Accounting principle in India.

  • Tax audit:
  • Every business whose turnover exceeds Rs.200 lakhs or an a professional whose gross receipts exceeds Rs.50 Lakhs, is required to get his accounts audited as per the provisions of Indian Income Tax laws.

  • Limited Reviews:
  • Every Company who is listed on the Stock Exchange of India is required to get a quarterly limited review Audit conducted.

  • Internal/System audits:
  • This audits aims to review the effectiveness of internal controls as a tool for risk mitigation. We have extensive experience in handling internal audits and opining on the Internal Financial Controls (IFC) assignments. We also extend our professional experience in developing Standard operating procedures. Our firm employs professionals like CISA, DISA for conducting such specialized audits.

  • Management Audits/ Operational Audits:
  • This involves Audit of specific management functions wherein we assist the management in improving the overall operating effectiveness by conducting Audit of management functions.

  • IND AS / IFRS Convergence:
  • As India is adopting accounting system that requires convergence of Indian GAAP into IND-AS, we have a separate vertical to take care of such requirements. With a vast practical experience of IND-AS convergence we are well suited to take such assignments.

  • Management Information System (MIS) development:
  • We assist the Companies to develop MIS reporting which would help the managements to take informed and timely decisions.

  • Due diligence reviews:
  • Due diligence is an extremely important and core part of any M&A Activity. We have a specialized team who has worked in reputed MNC firms who conduct due diligence assignments on behalf of the clients.

  • Forensic Audit / Investigation Audits:
  • The Audit involves in detecting or mitigating the chances of fraud or misappropriation of resources.

  • Certification:
  • For registration and other compliance procedures clients require CA certification. We assist clients in obtaining timely certificates.