The challenges of international competition and ever increasing complexity of information flows have increased the financial and business risks faced by companies. With increasing regulatory requirements, the need for greater transparency in operations and disclosure norms, stakeholders require assurance beyond the traditional numbers.
Globalization of the Indian Corporate world has been a key driver in harmonization of accounting practices in financial disclosure norms. Shareholding pattern in Indian Corporates’ is fast changing its form to strategic investors, private equity investors and Foreign Institutional Investor’s, demanding transparent financial statements.
Our attestation services includes:
The principal objectives of the Statutory Audit is to ensure that the financial statements i.e. the Balance Sheet, Profit & Loss Account and Cash Flow Statement give a true & fair view and are free from any material misstatements. In the case of companies, the statutory audit is governed by Companies Act, 2013.
Our approach to Statutory Audit of the financial statements is to provide reasonable assurance that the accounts have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and are free of any misstatements, errors and discrepancies. In addition to the traditional statutory audit, we also help the clients by monitoring organizational ethics, conducting effective reviews of operational and financial performance, assessing the quality, economy and efficiency of their operations and suggesting continuous improvement strategies.