• Audit And Assurance

Statutory Audits

Statutory audit is an esteemed service which provides stakeholders with an assurance on entities’ historical financial statements. The audited financial statements are highly relied upon by various stakeholders like investors, government, bankers, creditors etc. Ergo, the integrity of entities’ financial data and information is very critical. In that sense, high quality audit service becomes very crucial for building and preserving trust in entities’ financial reporting process.

Our risk based international audit approach, robust and transparent process, technology-based audit tools and highly skilled professionals ensure timely delivery of globally consistent quality audit services.

At the outset of audit assignment, we obtain an understanding of nature of client’s business, the environment in which it operates including internal control and its risk profile. This understanding enables us to:

develop a responsive and adaptable audit procedure in consonance with client’s sui generis business complexities;

identify events and transactions which are expected to have considerable effect on financial statements;

offer opinion and thoughtful recommendations on improving client’s internal controls, business strategies and management information systems;

provide bespoke solutions to meet client’s immediate and future business requirements in accordance with its business objectives; and

provide client an updated intuitive understanding of its business by which it could identify potential threats and opportunities which may be taken into consideration for its future business plan.

We conduct audit by maintaining the highest standard of professional ethics and independence.

Our accomplished audit team has vast experience in conducting audit of big corporate group (including listed companies) present in diverse sectors.

We ensure that audit is conducted in an immaculate manner and meet the regulatory requirements of relevant statute under which the audit is conducted.

Attestation Services

Besides statutory audit, we also provide following attestation services:

Audit under various provisions of Income Tax Act, 1961 (viz.; Tax Audit u/s 44AB, Transfer Pricing Audit u/s 92E, etc.);

Special purpose management certificates;

Certificates under different statues.

Convergence / Adoption of Ind-AS

Financial reporting framework has undergone a tremendous change with the onset of International Financial Reporting Standards (‘IFRS’). The Ministry of Corporate Affairs in 2015, had notified the Companies (Indian Accounting Standards) Rules 2015, which stipulated the adoption and applicability of Indian Accounting Standards converged with IFRS (Ind AS) in a phased manner beginning from the Accounting period 2016-17.

Convergence of Indian Accounting Standards with IFRS needs expertise, multi-disciplinary approach and changes in reporting framework.

Our dedicated and experienced team can help you in sailing through the complexities of reporting standards and transform existing reporting process to meet reporting process as envisaged in Ind AS.

We provide Ind AS services to both audit clients and non-audit clients on recurring and event driven basis.

Internal Audit

Internal Audit plays a critical role in evaluating and improving the effectiveness of risk management, control and corporate governance in an organization. It is also concerned with ensuring compliance with relevant statutes and accurate and timely financial reporting.

We undertake internal audit function or help clients in augmenting and enhancing its existing internal audit capabilities by deploying experts having experience in multidisciplinary domain. We also provide attestation services in the area of audit of internal financial controls as a part of the normal statutory audit as well as a special assignment which includes analysis of existing internal control systems at the client and identifying risk prone areas and thereafter suggest remedial measures to mitigate the identified risk.

We offer services associated with COSO framework compliant internal controls over financial reporting.

Financial Analysis and Due Diligence

Financial due diligence is 360-degree appraisal which allows the buyer to assess in particular all financial aspects of a potential acquisition of business / investment and to determine its underlying benefits, risks and opportunities. In conjunction with other forms of due diligence it is generally the best way to ensure what you pay is justified.

Our services in relation to due diligence assist organizations that are contemplating investments, strategic partnerships, mergers, and acquisitions or that are looking to enhance organizational effectiveness in an existing business unit or portfolio company. The objective of our services is to preapare a valuable due diligence report and conduct comprehensive financial analysis for our clients which drive their decision-making and negotiation processes.