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Our Services
Audit and Attestation Services
- Statutory Audits
Conducted in accordance with applicable laws to provide true and fair views of financial statements.
- Taxation Audits
Audits under Income Tax Act provisions to ensure proper disclosures and compliance.
- Compliance Audits
Reviews to assess adherence to legal, regulatory, and internal policies.
- Special Investigation Audits
Focused reviews for fraud detection, financial irregularities, or regulatory inquiries.
- Corporate Governance Certification Services
Evaluation of governance structures and practices to certify good governance.
- Risk Consulting Services
Including Internal Audit and Management Assurance to evaluate and strengthen internal control environments.
Our Audit Methodology
Key Steps in Our Methodology:
1. Initial Business Understanding
- Conduct meetings with heads of key functional areas
- Understand industry dynamics, business objectives, and operational risks
2. Risk Analysis and Process Assessment
- Analyze business processes and identify critical risks
- Map risks to internal controls
3. Evaluation of Internal Controls
- Assess the design and operational effectiveness of entity-level and process-level controls
4. Audit Planning Based on Control Evaluation
- Tailor audit procedures based on control effectiveness
- Determine the Nature, Timing, and Extent (NTE) of procedures for efficiency and cost-effectiveness
5. Execution and Reporting
- Perform audit procedures
- Present key findings and improvement areas to Audit Committee and Management
Our Audit Process Cycle
Planning and Understanding Phase
- Business Understanding Document
- Minutes of Opening Meeting
- Approved Audit Scope
- Risk Assessment Presentation
- Minutes of Discussions with Process Owners
- Statutory Audit Plan & Strategy
- Team Meeting Minutes
Fieldwork and Evaluation
- Walkthrough Samples
- Data/Documents Received from Process Owners
- Copies of All Reviewed Documents
- Minutes of Meeting with Client
- Risk and Control Analysis for Each Core Business Process
- Control Mapping & Design Deficiency Identification
- Approved Audit Program
- Control Test Matrix & Test Summary
Reporting and Closure
- Summary of Issues and Findings
- Copies of All Samples and Supporting Data
- Evidence of Sample Selection from Pre-defined Universe
- Minutes of Final Issue Discussion with Client
- Statutory Audit Report Cross-Referenced to Working Papers and Annexures
- Management Representation Letter (MRL)
- Final Meeting Minutes
Flow Chart
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