Audit & Assurance
We view audits not as an overhead or necessary evil, but as a great opportunity to
review your business. Our auditing services begin with reviewing the internal controls
and testing by gaining a deep knowledge on the selected transactions. Earlier where
looking at the check- books were liable enough to know the current financial status,
has now been possibly replaced by auditing services.
Broadly, Audit involves the following:
- In-depth study of existing systems, procedures and controls for proper understanding. Suggestions improvement and strengthening.
- Ensuring compliance with policies, procedures and statutes.
- Preparation of financial statements in compliance with Company law.
- Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/ IFRS.
- Checking the genuineness of the expenses booked in accounts.
- Reporting inefficiencies at any operational level.
- Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
- Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
- Issue of Audit Reports under various laws.
Our team will work closely with you to get to know your business. We use the latest
computerised systems, based around a detailed analytical review of the accounts.
This enables us to offer an objective view of your business so we can advise you of
any potential problem areas.
The firm provides a complete suite of professional services including:
- Statutory Audit
- Internal audit
- Limited scope reviews