To implement and develop techniques for thinking and managing strategically.

Accounting, Audit & Assurance
 

Accounting

The very foundation of the operations of any organization is the effective capture of its transactions. Accounting thus forms the core of any organization’s effective performance. Our firm has continued to provide accounting and related solutions to clients across various industries, complexities, and of varying sizes in operations.

Our dedicated team of accounting professionals are specifically trained and equipped to provide services to our clients based on their specific needs.

This can include the provision of complete accounting solutions and manpower support to an organization, beginning from entry of transactions through the preparation of financial statements and reporting for management.

In addition, we also provide specific accounting support as required by clients, such as Accounts Payable management, Treasury Management (management of banking transactions, and related accounting transactions), and Compliance management (reporting to statutory authorities on monthly, quarterly basis).

Our ability to cater to the differentiated services of our clients has continued to help us remain competitive and equipped to meet the ever changing requirements of business and clients alike.

Audit and Assurance

Audit is a key to sustaining confidence in both your company and financial system at large. Our audit team's consists of professionals who have more than 25 years of experience in conducting statutory audit, internal audit and due diligence. Their approach is based on understanding your business, the industry in which your company operates, the risk your company faces and the latest regulatory standards that are applicable.

Statutory Audit:

  • Understanding whether the company's internal practices agree with industry guidelines and regulatory criteria
  • Performing procedures like vouching, preparing checklists, questionnaires and request letters
  • Understanding the internal controls
  • Testing of controls and corporate procedures for fraud or error prevention or agree with industry standards
  • Performing tests on account balances to ensure whether financial statements are not materially misstated.
  • Compliance of financial statements with generally accepted accounting principles, industry standards and other regulatory standards.
  • Obtain details of account to submit u/s 44AB
  • Preparation of financial statements including Balance Sheet, Profit & Loss Account, Statement of Cash Flows and Statement of Shareholders Equity.

Internal Audit:

  • Establish an understanding of internal control policies and procedures.
  • Conduct walk through test to understanding the company's internal control process
  • Preparation and distribution of internal control questionnaire and obtain feedback
  • Perform audit sampling and prepare vouching checklist.
  • Perform vouching of invoices and documents
  • Identification of internal control weaknesses, non-compliances and over-riding of policies and procedures.
  • Evaluating the cost of procedures and analysis of cost with benefits
  • Meet with the company officials and discuss the audit findings.
  • Preparation and submission of internal audit report to management.

Due Diligence:

  • Gathering necessary information from documents and conduct interviews with company personnel.
  • Analysis of bank statements and other records for discrepancies
  • Analysis of prior year's financial statements and tax returns
  • Analysis of company's debt position, availability of working capital and submit report