Internal Financial Control

Internal Financial Controls-

Audit Check Point

‘Internal Financial Controls’ means the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including

  • Adherence to company’s policies
  • Safeguarding of its assets,
  • Prevention and detection of frauds and errors,
  • Accuracy and completeness of the accounting records, and
  • Timely preparation of reliable financial information.
Income tax

Auditing has three main phases:

  • Planning
  • Execution
  • Wrapping up

Initial Phase of Audit will include as below

  1. Scope Agreement with the client for the Audit
  2.  Business Process, Modus Operandi & Time Line  to be finalized with clients
  3. Key Business Owners identified with respective Processes.
  4. Document of the current business processes in a  narrative or a flowchart form
  5. Determination of relevant risks w.r.t to the functioning of the business.
  6. Tests for the controls to be covered under given Audit
Certicom - A Group of Chartered Accountants - Articles
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Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.

Certicom Consulting

Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.