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| Audit |
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| We provides a full range of financial statement services including audits, reviews and compilations. These services provide the key to truly understand the dynamics of any business. Our audit approach emphasizes a thorough understanding of our client’s business philosophy, personnel and operating systems. |
| Our audit approach, at the leading edge of best practice, is tailored to suit the size and nature of your organisation and draws upon our extensive industry knowledge. Our deep understanding of regulation and legislation means we can also help with complex reporting issues involving Sarbanes- Oxley (SOX) and International Financial Reporting Standards (IFRS). |
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| Concurrent Audit |
Concurrent audit is similar to internal audit, carried out mostly for banks & financial institutions, insurance & asset management companies.
Concurrent audit is conducted regularly (at pre-defined intervals) to monitor the efficiency in routine operations & compliance with statutory pronouncements from time to time. |
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| Internal Audit |
Internal auditing is an independent & objective assurance designed to add value and to improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic & disciplined approach to evaluate and improve the effectiveness of risk management, control and management. Internal audit plays a pivotal role in improving an organization’s effectiveness and efficiency by providing reasons for deviations from the laid down internal control procedures & effective measures to overcome them.The scope of internal auditing within an organization is broad and may involve areas such as the efficacy of operations, the reliability of financial reporting, deterring and investigating fraud, safeguarding assets, optimum utilisation of the organisation’s resources and compliance with laws and regulations.
We has catered to a number of clients from different sectors over the period of time by helping them in strengthening existence, operation & adherence to their internal control system & bringing about an all-round development. |
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| Inventory Audit |
| Traditionally, banks are extending line of credit to Small & Medium Enterprises against their Stock or Book Debts, it may either be a Overdraft Facility or Cash Credit Limit, whereas new age banks extend Buyers Credit, Packing Credit etc. by taking various other collateral securities. It becomes necessary to have independent checking at regular intervals to ascertain the existence of assets, debt turnover analysis as well as proper certification for certain statutory compliance. We thus conduct such audits across all major locations of India through our branches for various banks (the customers’ accounts). |
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| Statutory Audit |
Every company registered / established under the Companies Act, 1956 in India has to get its accounts audited every year. It is directed to verify whether the company is adhering to all the compliance procedures applicable. In statutory audit, the statutory auditor has to report on the financial statements of the company for the given period as to whether they represent a true & fair view of the state of affairs of the company. Statutory audit report serves as a significant tool of measure to all the stakeholders / general public in assessing the viability of the company in future with respect to their dealings.
We have a strong team of Chartered Accountants who are well-equipped with the auditing framework in India & are capable of conducting the statutory audit as per the global reporting standards. We have separate dedicated teams at different branches for conducting the statutory audit of various clients located across different cities. |
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| Compliance Audit |
A compliance audit is carried out to determine whether the organization is following specific procedures, rules or regulations set by a higher authority.
Compliance audits could include determining whether accounting personnel are following the procedures prescribed by the company, examining contractual agreements with bankers and other lenders, compliance with stock exchange directives, central bank directives or governmental regulations.
Typically, results of compliance audits are reported to the specific persons or authority seeking an assurance in the concerned matter rather than a broad spectrum of users. |
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