Audit and Assurance
An audit is a proven way to establish a company’s credibility and build its reputation. It involves an independent assessment of an organization’s financial report. Our audit teams’ experience, spanning various industries and sectors, enables us to focus on key risk areas, the adequacy of internal controls, and potential fraud risks.
Discover our comprehensive auditing and assurance services below, designed to meet your financial and regulatory needs.
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Financial Statements Audit & Attestation Services
All companies registered in India are required to have their financial statements audited by Chartered Accountants under the Indian Companies Act. Additionally, companies with a turnover above a specified threshold must have their records audited by Chartered Accountants under the Indian Income Tax Act. Our partner-led approach allows us to offer industry-specific, risk-based auditing, assurance, and attestation services.
Internal Financial Controls
The Companies Act 2013 now requires auditors to also opine on whether a company has an adequate internal financial controls (IFC) system in place and assess the operating effectiveness of such controls. Reporting on IFC marks a significant shift from the reporting previously required under CARO. We assist in analyzing and evaluating the effectiveness of your organization’s internal financial controls. We support your organization’s transition to a process-based approach for financial control compliance through improved risk assessment and the use of technology.
Risk Advisory
Our risk advisory consultants understand the unique nature of each client’s needs. Business risks can be classified into categories such as transaction risk and strategic risk. We provide risk advisory services through the following four steps:
- Risk Analysis and Planning
- Risk Assessment and Mitigation
- Risk Management and Advisory
- Revenue Leakage Assessment
Internal and Management Audits
Internal and management audits are conducted based on varying client requirements, but the primary objective is to provide a clear, comprehensive, and unbiased analysis of the organization’s functional efficiency while suggesting possible areas for improvement. We adopt a “Risk-Based Audit” approach, which involves a fully independent process, along with deep technical and analytical skills related to core processes and associated control assessments.
Forensic and Investigative Audits
With the recent rise in financial frauds and white-collar crimes, the demand for forensic accounting, fraud detection, and forensic audits has increased. We undertake these audits at the specific request of management, private equity funds, or regulators to detect fraud, misappropriation of resources, bribery, misconduct, or other financial irregularities.
Specific Purpose Audits
We also undertake various specific-purpose audits, each with a definitive objective tailored to meet our clients’ unique requirements. These include Stock and Receivables Audits, Compliance and Regulatory Audits, Operational Audits, Bank Audits, and more.