Audit and Assurance

Audits are retrospective, independent checks on an organization’s financial situation. They are often a legal requirement and are usually carried out as part of a team at the client’s premises.

Partner Led Approach: Our partner-led approach allows each of our clients to be associated with a partner who has expertise in their line of business thereby establishing a clear client-partner relationship. This partner is the main or lead, point of contact for the client within our firm and makes it his or her business to get to know the client and to establish who best, in our firm, should carry out each element of the work.

Internal Audits Management Audits Financial Audits Special Audits

Internal Audits

  • “Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve organization’s performance. It helps an organisation accomplish its objectives, by bringing a systematic, disciplined approach to evaluate and improve effectiveness of risk management, control and governance processes.” – IIA.
  • Our services are custom built based on the specific requirements of the management and the business environment.
  • Our comprehensive, systematic and disciplined enterprise-wide approach that yields practical solutions, provides you the insight and foresight across your business as a whole.
  • It helps you to integrate compliances, controls and risk management with your mission, vision, values and stakeholder expectations.
  • Based on needs all or selected modules of service in Financial, Operational, Project management, Risk assessment, SOP Reviews and Fraud detection areas can be taken for specific focus in different phases of building inner strength of your business.
  • Call on us for review and understanding to have customized service solution.

Management Audits

  • Management Audit' is a systematic examination of decisions and actions of the management to analyze the performance.
  • These business check-ups provide timely, critical information to leadership on how the organization is performing relative to goals and objectives, as well as benchmarking best practices from industry leaders.
  • The objective of a management audit is not to appraise individual executive performance, but to evaluate the management team in relation to their competition and the best standards of business practices.
  • Management Audits extend to major or all functionalities starting from Production Process to sales and distribution, financial function, human relations, purchase and inventory, information technology and fixed assets management.
  • In each area of functionality, the real time conduct of the business is evaluated, critically analyzed for gaps and improvements, clear defining of performance standards in each area to serve as a benchmark tool for measuring the improvement, all such efforts get driven from the core center of the organization through this advisory service.

Financial Audits

  • Financial audit is an independent assurance that the financial statements fairly present, in all material respects, the company’s financial position and performance.
  • While companies prepare their financial statements in accordance with a framework of generally accepted accounting principles (GAAP) relevant to their country, the fair presentation of those financial statements is evaluated by independent auditors using a framework of generally accepted auditing standards (GAAS).
  • With confidence, courage and integrity, we provide a timely and constructive challenge to the management and transparent information for the stakeholders and investors in the present increasingly complex and broadening regulatory requirements and stakeholder demands.
  • We provide our financial audit services to all types of constitutional entities viz., Corporate, Proprietary, Partnerships, Trusts, Societies, and PSUs.
  • We have rich experience and expertise in audit of regulatory compliances in the Banking sector and Insurance sector.

Special Audits

  • Under Audit and Assurance, various confirmatory processes like stock audit, fixed assets verification, receivables reconciliation are taken up as independent tasks in this category.
  • When the management and financial institutions require third party verification of the value of different items of assets of the organization, systematic and detailed procedures aimed to positively confirm the existence and valuation of the assets are undertaken as part of such special audits.
  • Mostly customized, these works are executed with the backup of rich and relevant industrial exposure.