Our Assurance and Compliance division has developed a strategic methodology in carrying out cost-effective audits for large and medium sized companies in the manufacturing, trading and service sectors. Our audit approach is based on regular interactions with clients' management to provide constructive and value added feedback, not merely on the business of the client, but also on the industry.

In order to meet statutory compliance requirements of our clients, a yearly schedule is defined setting out the blueprint of activities for each client. We have an operational quality assurance program.

Assurance

Compliance Assurance:

Statutory Audits
Reviewing compliance with accounting procedures, provisions of company law, tax laws and other related laws, standards and guidelines as recommended by the Institute of Chartered Accountants for India in line with international accounting norms. Besides we analyse and report on the performance of the company to the board of directors through meaningful ratios, cash flows and other analysis tools.

Tax Audits
Auditing the accounts of the organisation in accordance with the specified provisions of the Income tax laws of India and providing disclosures of relevant information in specified formats.

Special Purpose Audits

  • Management Audits: Audits requested by the management from time to time viz. reviewing special purpose accounts, etc.

  • Operational Audits: Analysis of transaction flows in business operations viz. inventory, finance, receivables, etc.

  • Internal Control Reviews: Reviews conducted in order to provide assurance to the management on the error free running of the business systems by evaluating existing controls of an organisation and suggesting improvement.

  • Investigation Audits: Audits carried out at the request of the management to investigate issues like suspected fraud, misappropriation, etc.

MIS and Reporting
Developing a meaningful system of reporting to the management and identifying key analysers to be adopted for effective business decisions.

Regulatory Approvals
We assist in processing various government clearances for our clients entering the Indian market. We arrange for the complete set of regulatory approvals ranging from Reserve Bank of India (RBI), Secretariat of Industrial Approvals (SIA), Foreign Investment Promotion Board (FIPB), Registrar of Companies (ROC), Foreign Contribution Regulation Authority (FCRA) and other concerned authorities.


Compliance:

Tax Withholding / Tax Deduction At Source
Planning, compliance and representation in connection with tax withholding on salary, contractor, rental, royalties / technical services, interest, dividend and professional payments.

Payroll Management
Review, preparation and maintenance of employee payrolls.

Accounting
We develop and maintain accounting systems that meet management's internal as well as statutory requirements.

Secretarial Services
Advise and provide assistance in maintaining all statutory records as specified under the Indian Company Law.

Representation
Representation before the Registrar of Companies and the Company Law Board.