ACCOUNTING & ASSURANCE SERVICES

Assurance Service

Providing essential evaluations and validations to ensure the integrity and accuracy of financial and operational information. Here’s what we offer:

  • Financial Statement Advisory: We offer financial statement review and analysis by thoroughly examining and evaluating Balance Sheets, Statement of Profit & Loss, Cash Flow Statement, Statements of Shareholders’ Equity and other notes to the Financial Statements. Our goal is to ensure that most important outgo of an entity are accurate and compliant.
  • Assurances & Reviews: We specialize in providing comprehensive Independent Assurance services that help organizations build trust, enhance transparency, and strengthen their overall governance framework.
  • Corporate reporting: under corporate reporting, we cover the process of presenting financial and operational information to stakeholders, often through documents like Financial Statements, Income statements, Management Information Systems (MIS), and periodic/annual reports.

Agreed Upon Procedures Management Reporting

Agreed Upon Procedures (AUP) Management Reporting involves executing specific, client-approved procedures to review certain financial or operational aspects without providing an overall audit opinion. our AUP engagements, we can target specific financial or non-financial information, including examining financial records, operational efficiencies, internal controls, conducting due diligence, compliance, and projections and forecasts.

International Financial Reporting Standards (IFRS) & IND-AS Implementation

IFRS is a set of accounting rules for the financial statements of public companies that are intended to make them consistent, transparent, and easily comparable around the world. The IFRS is issued by the International Accounting Standards Board (IASB).

In 2015, the Ministry of Corporate Affairs (MCA) introduced the Companies (Indian Accounting Standards (IND AS)) Rules 2015, outlining a phased implementation of IND AS starting with the Financial Year 2016-17.

To support IFRS and Ind AS implementation, we can provide expert advisory on compliance requirements, assist with gap analysis to identify and address discrepancies, offer tailored training programs for staff, and help in the development and integration of new accounting policies and procedures. Additionally, we can provide ongoing support during the transition phase to ensure smooth adaptation to the new standards.

Accounting Advisory Services

Our Accounting Advisory Services (AAS) offer the expertise and support necessary to tackle accounting and reporting challenges that businesses might face. We specialize in offering the following services:

  • Accounting Health Check
  • Accounting Support
  • Virtual CFO
  • Transaction Accounting
  • Audit Support and Due Diligence Services
  • Statutory Compliance

Financial Statement Preparations

Companies in India adopted Ind AS through a phased implementation. In parallel, companies around the world are transitioning to IFRS. Given that Ind AS and IFRS are evolving sets of Generally Accepted Accounting Principles (GAAPs), reporting challenges are inevitable. Our financial statement preparation services thoroughly tackle the operational difficulties encountered by companies with international operations. We are adept at handling the intricacies of varying accounting standards across borders, managing the impact of fluctuating exchange rates, and navigating diverse tax regulations.

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