Audit & Assurance have wide range of scope from defined & mandated by the
regulatory bodies on disclosure & reporting, measure of management
performances, mitigation of risks to evaluation of internal control & efficiency.
In this, our competencies are on:
a. Statutory Audit
As per statute, particularly The Companies Act, has prescribed multiple types of audit like Statutory Audit, Internal Audit, Tax Audit, etc. and in association with other regulatory bodies, have defined the mandatory disclosure requirements on certain activities/transactions.
Our uniform audit methodology & procedures are based on, apart from, the Guidelines & Procedures suggested by ICAI, standard global practices for commenting on the true & fair view of the financial statements of business units. Our audit process is based on analytical & detailed review of transactions/activities, regulatory requirements & mandatory disclosures.
Our uniform audit methodology & procedures are based on, apart from, the Guidelines & Procedures suggested by ICAI, standard global practices for commenting on the true & fair view of the financial statements of business units. Our audit process is based on analytical & detailed review of transactions/activities, regulatory requirements & mandatory disclosures.
b. Internal Audit
With a formal recognition to the function of Internal Audit for certain companies by the Companies Act, 2013, it has, indeed become a requirement to evaluate the effectiveness of governance, risk management, control processes & operational efficiency.
Our solutions are designed based on individual client needs and provide assistance to clients in managing key business risks, review operational efficiencies, compliance & regulatory norms and of course, governance. Our approach covers, broadly, evaluation of internal controls, constructive review of operations with a specific focus on business needs, identification of risks & their mitigation, areas for cost reduction, revenue optimisation and operational efficiency.
Our solutions are designed based on individual client needs and provide assistance to clients in managing key business risks, review operational efficiencies, compliance & regulatory norms and of course, governance. Our approach covers, broadly, evaluation of internal controls, constructive review of operations with a specific focus on business needs, identification of risks & their mitigation, areas for cost reduction, revenue optimisation and operational efficiency.
c. Other Audits
Apart from the above major regulatory requirement, there are other audits which are generally used to measure the performance of management controls, referred to as 3E’s, viz., Efficiency, Effectiveness and Economy.
Our solutions are designed based on individual client needs and provide assistance to clients in managing key business risks, review operational efficiencies, compliance & regulatory norms and of course, governance. Our approach covers, broadly, evaluation of internal controls, constructive review of operations with a specific focus on business needs, identification of risks & possible mitigation, areas for cost reduction, revenue optimisation and operational efficiency.
These include:
- GST & General Compliance Audits
- Management Audits including Fraud Investigation
- Operational Performance Audit
- Due Diligence Review
Our solutions are designed based on individual client needs and provide assistance to clients in managing key business risks, review operational efficiencies, compliance & regulatory norms and of course, governance. Our approach covers, broadly, evaluation of internal controls, constructive review of operations with a specific focus on business needs, identification of risks & possible mitigation, areas for cost reduction, revenue optimisation and operational efficiency.
d. Audit of Banks/Financial Institutions & PSUs & Corporations:
These audits are primarily performed on standard set of scope defined by
the concerned clients based on their operations, geographical network &
regulatory requirements. We execute them with our dedicated team. These
audits include:
- Concurrent Audit of Banks
- Concurrent Audit of Stock broking firms
- Statutory Audit of Banks
- Internal Audit of Corporations
- Statutory Audit of PSUs
- Audit of Trusts/non-profit organisations