We provide efficient, effective and high quality audit and assurance services for you to meet your specific requirements. We conduct our audit and assurance services in accordance with the relevant standards issued by the Institute of Chartered Accountants of India and our audit methodology. In particular, we provide the following audit and assurance services:

Statutory Audit

The Companies Act, 2013 mandates all the companies registered in India to audit their books of accounts by a registered Chartered Accountant as per the CA Act, 1949.

Scope:

We conduct the audit as per the standards on auditing issued by ICAI for giving an opinion on the financial statements.

Internal Audit

Our firm is specialized in Internal/Management Audits which are primarily conducted in order to provide the client’s management a clear, comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvements. We strongly believe in Internal Audits being a value addition exercise rather than a mere compliance exercise.

We firmly believes in providing value added services through highest levels of professional competency and integrity to its clients. Our Internal Audit services are designed to suit the individual client specific needs. It provides assistance to clients in managing their key business concerns, be it achieving strategic business goals, meeting operational challenges, complying with regulatory norms or managing reporting requirements.

Keeping in mind the Risk Management framework, our internal audits adopt “Risk Based Audit” (RBA) approach and other tools and techniques for accomplishing the audit objectives.

The firm has vast & varied experience in conducting all types of Audits for large & medium sized business entities. The firm also has the expertise to prepare financial statements not only in accordance with international accounting standards (IAS) but also in compliance with the generally accepted accounting principles (GAAP). Our Internal/Management audits focus on:

• Critical evaluation of internal controls adopted by organizations and suggesting areas for strengthening.
• Review of existing business processes, policies and practices with a view to suggest best practices, including a thorough benchmarking exercise.
• Review of Risk Management Framework and its effectiveness with a view to provide suggestions for strengthening the same.
• Constructive review of operations by keeping the client's business needs in focus.
• Identification and recommendation of areas for cost reduction, revenue optimization and improvement in operational efficiency followed by assistance in their implementation.
• Providing result oriented and practical solutions followed by support for its implementation.
• Confirmation of proper compliance with the various regulatory provisions and operational manuals.
• Assisting in meeting the clients Corporate Governance requirements.

Our services include:

• Complete outsourcing of internal audit function.
• Compliance with management controls.
• System and process improvements.
• Financial impropriety and fraud audits
• Due diligence for acquisitions and investments.
• Co-sourcing and supplementing internal audit function along with the existing capabilities of the client organization.
• Deputation of personnel to strengthen the internal audit function of client organization.
• Conducting concurrent audits with dedicated teams for more focused transaction audits as well as on-line auditing/pre-payment audits.
• Conducting operational audits through review of business operations, activities, etc.
• Conducting special purpose investigative audits.

Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value.

Inventory Verification

The core purpose of inventory verification is to support the value of inventory as shown in financial statement along with verifying the accuracy of stock records, disclosing the possibility of fraud, theft or loss, or deterioration thereby revealing the weakness of the system, if any. It could be done at periodic intervals or at the end of specified period (periodic verification), throughout any period (perpetual verification), and any point of time as the management deems fit (surprise verification).

Our firm provides both human and technological inputs for inventory verification of material received, material in process, semi-finished goods, finished goods, warehouse inventory and goods in transit at multiple locations like manufacturing plants, warehouses, trading sites, project sites etc.

Fixed Asset Management

Our firm deal with your fixed assets as usual and simply give us the inputs that will be reflected in the databases immediately. Our fixed asset management service include but not limited to:

• Physical Verification of fixed assets.
• Capitalization & Valuation.
• Barcode numbering including location, type of product, tag ID, value and other necessary information.
• Software support and training.
• Maintaining database and updating these with reports.

Management Audit

Audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting, mergers, acquisitions etc.) wherein we closely work with the management in improving overall efficiency.

Agreed up on procedures

Agreed upon procedures are the procedures that are agreed between an entity and a third party to produce factual findings about financial information or operational processes. Such procedures may include:

• Review of historical financial statements.
• Reasonable and limited review engagements.
• Other assurance engagements.

Certification services

Generally, CA certification is required for various purposes under different rules and regulations. Certificates are needed by businesses to claim the privileges available under the law, financial arrangement with the financial institution, benefit and deductions to be claimed under statue and periodical compliance of relevant rules and regulations.