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Our Services
Assurance Services
  • Statutory and Tax Audit
  • IFRS Convergence and Reporting
  • Due Diligence and Special Audits
  • Financial Due Diligence
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    Risk Advisory
  • Internal and Management Audit
  • Concurrent Audit
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    Out Sourcing
  • Accounts Processing
  • Payroll Processing
  • Knowledge Process Outsourcing
  • Compliance: Taxation and Legal
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    Taxation Advisory
  • Direct Tax compliance
  • Indirect Taxation
  • Personal Tax Planning
  • Transfer Pricing
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    INTERNAL AUDIT AND MANAGEMENT AUDIT
     
    An effective internal audit service can make a immensely contribute to the management of risk and the smooth operation of the business, delivered through an appropriate operational business plan and process framework. The stakeholders will benefit from independent evaluations by experienced professional and the review of quality and effectiveness of the control environment within the organization.
    nternal audit serves as a tool to streamline and strengthen the Supply Chain, Sales, Procurement, Treasury and IT system in the organization through the delivery of solutions geared to meet the organization's need. Our methodology is designed to support your needs at any stage, whether it involves setting up and delivering an entire Internal Audit function or building on work already performed and providing the resource to complete the strategic audit plan you may already have in place.
     
    Our services include:
    • Setting up of Internal Audit function and designing the organization's Standard Operating Procedures (SOPs).
    • Evaluating the key structures, dynamics and processes required to enhance efficiencies in operations.
    • Undertaking internal audit risk assessments and developing risk-based assurance plans.
    • Identifying and monitoring Key Risk Indicators (KRI) and Red flags through continuous monitoring.
    • Assisting with change management and strengthening of business processes through training and guiding organization's system and staff in the evolution of internal controls and reporting.
    • Forensic audits and investigations.
     
    Our Approach
     
    • Obtaining a detailed and comprehensive understanding of the operating environment and existing processes to analyze the inherent risk.
    • Testing the controls in place to evaluate their robustness.
     
    • Identify gaps in control design and/or operating effectiveness.
    • Zeroing in on the improvement opportunities.
     
    • Providing our insights on the findings and discussing the same with the management.
    • Developing a robust practical control system in consultation with the management.
     
    • Submitting our written reports outlining procedures performed and a draft of the Standard Operating Procedure (SOP).
     
    • Implementation of SOP through flow charting & benchmarking.
    • Provide periodic progress updates and assessments.
       
    Select Professional Experience in Internal Audit
    • Currently engaged by the company to conduct internal audit of all sales depots in the entire North India region since.
    • Audit covers over 50 sales depots in Punjab, Haryana, Rajasthan, Delhi, UP etc. with a combined turnover of !1,500 crores and stock value of ~100 crores in FY 2012-13 and also a manufacturing unit located in Haryana.
    • Engagement scope includes risk assessment and management of critical areas namely - sales, inventory and warranty claims.
    • We have assisted in enhancing the company's value chain and provided inputs for increasing efficiency in its operations .
       
    • Audit of the tiles and bathroom division - H&R Johnson (India) covers over 5 sales depots and 5 branch offices located in North India.
    • Engagement scope includes risk assessment and management of sales and inventory.
    • We have assisted the company in streamlining the operations of each unit and the third party service providers to comply with the group policies and standards set by the management.
       
    Select Professional Experience in Internal Audit
    • Asian Oilfield Services Limited (AOSL) is engaged in providing geophysical, drilling and well services to customers across the Indian sub-continent. AOSL has evolved over the past 20 years via progressive organic growth and is currently driven by a dynamic management team, focused on quality and performance.
    • We have assisted the management in undertaking a comprehensive review of its operations, policies and procedures to ensure that the managements goals and objectives to improve economy and efficiency in operations are met.
    • For achieving the same we gained an in-depth knowledge of the industry to grasp the "big picture" and understand diverse operations and made recommendations.
       
    • Currently engaged by the company to conduct the internal audit of its manufacturing Units and its Corporate Office since 2002-03, covering 3 manufacturing Units, 3 Co-gen Units and a distillery Unit located in Western UP and its Corporate Office (combined turnover of INR 1350 crores).
    • Engagement scope includes risk assessment and management of critical areas namely – cane, sales, inventory, procurement etc.
    • We have also assisted in assessment of controls over fixed assets and provided inputs for increasing efficiency in operations.
       
    Select Professional Experience in Internal Audit
    • Currently engaged by the company to conduct the internal audit of operations of the Company since October, 2011 (Company turnover during 2012-13 INR 22 crores).
    • Engagement scope includes risk assessment and management of critical areas namely – procurement, inventory, sales.
    • We have assisted in enhancing the company's value chain and provided inputs for increasing efficiency in its operations .
       
    • Currently engaged by the company to conduct the internal audit of all CNG stations and Operations of the Company since 2011-12.
    • Audit covers sales through 14 CNG stations, domestic, industrial and commercial customers in UP with a combined turnover of Rs. 168 crores in FY 2012-13.
    • Engagement scope includes risk assessment and management of critical areas namely – sales, inventory, procurement, projects and operations & maintenance.
    • We have assisted the Company in inventory management, asset management and provided inputs for increasing efficiency in its operations.
    		 
         
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