Transaction Audits:

  • A selected number of different types of transactions are tested to see if controls put in place by management are performing as desired.
  • Adequacy of controls will also be reviewed and recommendations firmed up.
  • The risk attached to non-compliance of laid down control procedures are highlighted and transmitted to the person whose transactions are audited in addition to the management.

    Internal Audits

    • Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors, missions and fraud.
    • Safeguarding of assets, adequate delegation of authority over key control areas and compliance with internal policies and standard operating procedures are other focus areas covered by our audit.

    Statutory Audits

    • The Firm believes in communicating with the client throughout the course of the assignment on various aspects of the audit. We believe this will add value and also ensure that there are no last minute surprises.
    • The methodology adopted by us in audit assignments is :
      1. understanding the business of our client
      2. assessing the control environment
      3. agreeing the audit testing plan with the client
      4. performing early substantive tests
      5. compliance of regulatory requirements
      6. carrying out the final audit