AUDIT ASSURANCE AND CERTIFICATION

Statutory Audit:
The service we deliver is a blend of our knowledge and ethical values. As we have experts of audit methodology and techniques, it supports in bringing precision and economy to the audit. We recommend undertaking the audits as per Indian Auditing guidelines and practices.
We engage in the following category of statutory audits:

  • Audits under Companies Act 2013;
  • Audits required under Income Tax Act, 1961;
  • Audits required under Good and Service Tax Act, 2017;
  • Public Sector Units;
  • Specific purpose audits.

How we can support:

  • Conducting audits in a way that fulfills all the statutory obligations under various national and international accounting standards and statutes;
  • Preparing management letter for areas of improvement;
  • Assist in making well-informed decisions regarding company’s long-term growth and success;
  • Support to present financial statements with a true and fair view

Our team is very well aware of the value of statutory audit of financial statements which gives true and fair view and assurance to outside world that financial statements depicts the correct picture and complies with all statutory requirements.
Internal Audit:
Our internal audit services are intrinsic for sound governance and accountability where the Client can rely on us to provide oversight and assurance over operations, delivery of services, and use of public funds.
Potential Challenges:

  • Absence of objective insight that may lead to conflict of interest;
  • Ineffective and inefficient internal controls system;
  • Inability to evaluate risks and protect assets;
  • Non-compliance with relevant laws and regulations.

How we can support:

  • Finding an internal audit approach appropriate for your specific needs;
  • Providing you with individual resource needs with specific technical knowledge;
  • Continuous evaluation of the internal audit process;
  • Meeting timelines through flexible staffing and scheduling;
  • Coordinating with external auditors to proactively close any internal control issue encountered.

Forensic Audit:
Our forensic advisory professionals can support you investigate the flow of funds and determine whether illegal transactions have occurred, bringing the clarity you need to manage adversity, protect value and return to normal operations.
We can support you deal with a wide range of financial irregularities, securities fraud, misconduct & business disputes; and deliver clear, logical analysis and factual reports. We utilize the accumulated experience and insight gathered from working across different industries and geographies to support our clients conduct fraud risk assessments and develop effective anti-corruption programs.
 Potential Challenges:

  • Financial reporting and securities fraud;
  • Bribery, corruption and money laundering;
  • Employee fraud, misappropriation, and embezzlement;
  • Regulatory investigations and insurance claims;
  • Shareholder disputes and post-acquisition disputes and tax controversies;
  • Intellectual property and business valuation.

How we can support:

  • Identifying if any fraud was committed;
  • Determining when and how the fraud was committed and concealed;

Management Audit:
Management Audit is the study of an organization from the highest level downwards to determine whether fair and reasonable management prevails throughout, thus promoting the most effective relationship with the external world and the most efficient administration and smooth operations internally.
Potential Challenges:

  • Ineffective discharge of management duties;
  • Lack of coordination between various departments;
  • Weak relations of management with employees and other stakeholders;
  • Inadequate preparation of budget of different departments/units.

How we can support:

  • Ensuring independent examining the organizational structure, objectives, procedures and systems;
  • Reporting on the weaknesses and irregularities observed;
  • Enhance the productivity and performance of the management

Special Audit:
Our special audit experts have vast and extensive experience of circumstances that require audits and organizations of all types and sizes. The scope and focus of a special audit are agreed upon with the client organization on a case-by-case basis.
Special audits are needed when it is suspected that laws or regulations have been violated in the financial management of an organization.
Certificate & Attestation:
Attestation services are usually suitable for customers who have reporting needs that don’t need an audit of financial statements. We examine, review and apply agreed-upon procedures to the subject matter. Our professionals have in-depth knowledge of the certification requirements for different types of companies/organizations.
Certifications Engagements:

  • Certification as required under Income Tax Act 1961;
  • Certification as required under RBI regulations;
  • Certification as required under Companies Act 1956;
  • Certification as required under other various statutes.

How we can support:

  • Give you assured certification with agreed-upon procedures;
  • Clear articulation and communication of objectives to ensure alignment of activities;
  • Establishing, documenting and communicating certification process broadly across the organ.