Audit & Assurance

Auditing and Assurance Services in Bangalore

We give far-reaching inspecting and affirmation administrations to customers in various circles of business. Our services include:
  • Statutory Audit : of both Public and Private Companies, Banks, Financial Institutions, PSU’s, firms and Sole-Proprietor’s
  • Internal Audit : Center is to guarantee solid inside control frameworks to limit the danger of coincidental or consider blunders and exclusions. Shielding of advantages, satisfactory division of specialist over key control ranges and consistence with interior working arrangements and rules are different concentration regions.
  • Tax Audit : To prepare report in Form 3CA/3CB including annexure in Form 3CD as per Section 44AB of the Income-Tax Act
  • Process / Transaction: An audit process is an examination of results to decide if the activities, assets, and behavior that reason them are being managed proficiently and successfully.
  • Management Audit: To assess the systems, methods, and policies followed by an entity’s management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement.
  • Investigation: is carried out when a lapse already exists in an organization in order to pinpoint the reason and person involved in it so that responsibility for such lapse could be fixed
  • Stock Audit: The stock audit is completed on behalf of banks and financial firms. The goal is to guarantee that the security against which stores are loaned by the bank is sheltered and esteemed accurately.
  • Due Diligence: – We help customers in directing budgetary, legal and accounting audits if there should arise an occurrence of mergers, acquisitions, and ventures. A sound comprehension of local laws, directions, and accounting practices empowers us to vet every single basic issue in detail.

Addressing the present financial challenges and enhancing partner certainty is vital destinations of the Assurance Services.

We look to cut through the clutter & Complexity to maintain consistency and thus build trust with internal & external stakeholders in the setup.

The financial and reporting condition is reshaped, bringing about significant difficulties for administration, boards, review panels and evaluators.

We can enable you to comprehend and address the present most critical financial and reporting issues with major areas as

Accounting change with IFRS / Ind AS
Corporate governance

Accounting Change 

The IASB and FASB have undertaken a number of ambitious standard-setting projects to improve both IFRS and US generally accepted accounting principles as well as to work to achieve convergence.

It stipulates a technique for organizations to report money related information in view of guidelines called bookkeeping benchmarks. India has so far taken after Indian Generally Acceptable Accounting Principle(IGAAP).

 

However, from FY17, Organisations will follow Ind-AS wherein the principles are closely based on the international accounting system, IFRS. This will increase comparability of Indian companies with their international counterparts.

IFRS 

We help encourage India’s responsibility regarding meeting with International Financial Reporting Standards (“IFRS”) drew a stage nearer with the production of 35 Indian IFRS principles (“Ind AS”).

  • The thought is to construct a typical financial reporting language.
  • Meet with new guidelines for financial instruments, income acknowledgment, and renting.
  • Follow critical changes in financial statements according to most recent developments.

Corporate Governance 

Corporate governance is the system by which organizations are directed and controlled.

It encompasses the relationship between the board of directors, shareholders and other stakeholders, and the effects on corporate strategy and performance.

The corporate administration is imperative since it takes a gander at how these leaders demonstration, how they can or ought to be observed, and how they can be considered answerable for their choices and activities.

 

It is a continuous exercise as they emphasize on

–        Board of directors having a balanced structure,

–        Need for non-executive directors,

–        Robust procedures in relation to the appointment of board members, and their remuneration.

–        Need to monitor the effectiveness of internal controls.

–        Demand Appropriate  Disclosure in Annual Report.