Assurance Services
Indian economy has been a witness to harmonization of accounting practices due to globalisation. The increased complexity of information flows have widened the financial, operational, economic and business risks faced by companies. Competitive pressures and increased attention to corporate governance worldwide and in India has enhanced the importance of enterprise risk assurance function. Increasing regulatory requirements, disclosure norms and the need for greater transparency in operations, stakeholders’ require assurance beyond the traditional critique of number. The shareholders have become more sophisticated, aware and demand greater transparency and uniformity in presentation of financial statements making Assurance a necessity.
In a time when audit practices are essentially undertaken as an obligatory compliance mechanism or simply a number crunching practice by various firms, we take the liberty of using our auditing and assurance services to evaluate existing financial procedures of a business and gain extensive insight to help our clients. This allows us to holistically understand a business’s functionality and operations, thereby allowing us to develop better financial reports/analysis, maintain more accurate records, and bridge gaps faster so that fiscal planning procedures become more efficient over time.
Our services include:
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Statutory Audits of
- Corporates
- Banks
- Societies and Trusts
Tax Audits under the Income Tax Act ,1961
Internal Audit
Stock Audits
Systems Audit
Revenue and Expenditure Audits
Agreed-upon procedure reports
Internal control reviews throughout the year
Provision of services for internal audit functions
Constant updates on special reporting requirements for the client to ensure a head-start
New accounting pronouncements and standards implementation
Attestation services