N-24, GF, Sriniwas Puri, New Delhi-110065, Delhi, India
Audit & Assurance
Providing assurance services under various laws across different industries
RISK ADVISORY, INTERNAL AND MANAGEMENT AUDITS (A) Risk based internal audit helps the risk management function/management by providing assurance about the risk mitigation and provides assurance that risk management processes are effectively managing risks. (B) Careful evaluation of internal controls and processes in organization and recommending areas for improvement. (C) Experienced audit professionals follow a systematic approach that involves risk assessment of the entity’s business & its key business process. (D) Approach comprises of a completely independent process, and information technology (IT) internal audit sourcing capabilities that use industry leading practices and deep technical and analytical skills related to core process and related control assessments
AGREED UPON PROCEDURES (AUP) (A) Agreed-upon procedures are performed in relation to financial information in line with SRS 4400 issued by ICAI. (B) Procedures & tests are sufficiently detailed so as to be clear and unambiguous, discussed and agreed in advance with the engaging parties so that the factual findings are useful to client. (C) AUP Report does not express any conclusion, and hence it is not an assurance engagement in the technical sense.
FORENSIC AND INVESTIGATIVE AUDIT (A) To take up the Forensic & Investigative Audit on specific request of the management, private equity funds or regulators to detect fraud, misappropriation of resources, bribery, misconduct or other irregularities. (B) Experienced and qualified subject matter experts are capable of handling forensic and investigative assignments with prodigious ability. (C) Forensic practice offers advice, helping clients deal with various complicated business situations and always keeping them on top of the critical risks.
INTERNAL FINANCIAL CONTROLS (IFC) (A) IFC's main benefits include – Definition of clear accountability and Transparency, opportunities to plug gaps, streamline & standardize controls and enhancing governance framework. (B) Testing of design & operative effectiveness of organisation's processes & entity level controls. (C) Help organization's transition to a process based approach for financial control compliance, identifying effective ways to appropriately reduce effort through better risk assessment, scoping & use of technology. (D) Approach & methodology is oriented towards a consultative and collaborative model, bringing industry understanding on the table.
FINANCIAL STATEMENTS AUDIT (A) Assurance services include carrying out Statutory and Tax Audits to ensure that financial statements present a true and fair view of financial positions and operational results of the organization are in accordance with the guidelines issued by the regulator. (B) Experienced in providing assurance services under various laws across different industries for the past one decade. (C) Audit reports are prepared strictly in accordance with the rules and regulations defined by the Government agencies. The complete audit process is IT enabled and review and documentation is carried out through software. (D) Continuous knowledge enhancement is ensured through internal publications, trainings and seminars.