A financial statement audit is conducted to determine whether the overall financial statements are stated in accordance with specified criteria such as Indian Accounting Standard or IFRS or US GAAP. We apply a holistic technique which involves a deep knowledge of the business that gradually inflate audit efficacy. We employ a risk-based audit technique that is in complete agreement with the ISAs. Our technique is based on cycles and includes:

• A clear comprehension of the business as well as an understanding of pertinent industry factors

• Evaluating the risks involved and developing a desired approach

• Concise registering of review procedures, audit planning and implementation

• Direct and communicative process, offering added benefits with stronger internal controls

• Ensuring higher professional benchmarks with quality control processes

This kind of audit is specifically designed to enhance a firms functioning. It assists an institution in achieving its goals by ushering a methodical system to inspect and better the efficiency of risk evaluation and management. It has a widened scope within an organisation and may incorporate spheres like effective functioning, accuracy of financial collaterals, inspecting and discouraging frauds, protecting assets, and productive usage of the company resources that is in agreement with the company’s rules.

Financial institutions are expanding their credit to entities based on their stocks or book debts. This could either be done on the basis of overdraft, cash credit limit, etc. It then becomes crucial to have checks at regular intervals to establish the status of current assets, accurate attestation for statutory compliances and debt turnover scrutiny..

Major decisions regarding crucial business undertakings are taken by the highest authorities in the company. However, after a period of time, it is necessary to conduct an evaluation of their proficiency by an independent agency. This maintains optimum independence in analysing the concerned individuals’ skills and capabilities in managing his area of operations. For this kind of audit, it is mandate that a person has great inert-personal skills and maturity level.

This helps in discerning revenue leakages. It could either be due to deficiency of internal control policies, frauds or errors by the personnel. It is generally conducted once or twice a year. Our firm possesses expert skill in this section.

Salaries are always the content for analytical examinations. Different frameworks are taken into consideration while regulating a Payroll Audit; such as authentication details of employees, updated information about the personnel, time worked and salary scale of employees, etc. Additionally, an introspection of the amount to be reimbursed is also a major criterion that falls under payroll audit.