Audit Services
The objectives of conducting audit are to express an opinion on financial statements prepared by clients in order to meet regulatory and mandatory compulsions. Our approach is to plan well before the year end by liaising with the management, testing and relying on the control systems in vogue and performing a fair portion of the work well before the year end in order to identify potential difficulties as early as possible and reviewing our findings with the management. This makes it possible for us to revert to the management with realistic and practical recommendations for increasing the efficiency and effectiveness of our clients' controls and procedures. In fact, we are in constant touch with the management on Acounting, financial, tax and corporate law related matters. Audits conducted by us cover almost all types of industries and business house. The Partners have had substantial experience of audits of various types of industries including trading , manufacturing, construction, shipping, travel trade, hotels, airlines, banks, insurance, financial corporations, fabrication, ship repairing, publishing, erection and commissioning industry, advertising, export houses, power plants, agriculture, entertainment business, societies and trusts.
Management & Information Systems Audit
Ever-changing business environment and commercial needs, increasing costs, pressure on margins and modified corporate objectives necessitate business houses to review their operations objectively on a continuous basis. Impartial objective criticism, we believe, provides an impetus to any business organisation, provided it is accompanied with appropriate practicable suggestions. This is the underlying philosophy of the management audits that we execute. Our approach to any management audit is to define the scope of the assignment after understanding the specific requirements of a client and superimposing thereon the requirements of a business organisation as we perceive of them. We document and present to the management our methodology and estimated time of completion of each sub-activity. Our management audits have provided the management with requisite information to enable it to make hard core decisions as also to assist in its daily operations.Information Systems audits are aimed at determining the level of effectiveness and reliability of computerisation programme and security of data, while simultaneously providing suggestions for improvements.
Corporate & Exchange Control Laws
Having realised that no business can function without the constraints of law, we provide clients with regular advice,
assistance and opinions on the various laws that would apply together with seeking and obtaining approvals where
necessary, be it
- the Companies Act
- Laws relating to issue of capital
- Laws relating to Human Resources
- Law affecting partnerships, contracts and business.
- Exchange control laws.
We represent our clients before appropriate authorities, file petitions and attend hearings.
Computerisation
Rapidly changing technology both in terms of hardware and availability of more productive software solutions require business enterprises to upgrade existing systems. We assist in determining information needs and providing user interface in order that decision on hardware and platforms can be frozen and to enable specialist software professionals to provide solutions. We assist in implementation of software and test for compliances.
Due Diligence Reviews
Clients often require due diligence exercises to be conducted, be it for obtaining comfort on the reasonableness and reliability of data and operating results of an entity, for entering into business arrangements, preparatory to valuation of business or in contemplation of take over or investments.