Risk advisory
Risk management services have become central to a company’s decision-making process as it enables the company to consciously and proactively navigate through market changes. Our experienced team members bring in a systematic and disciplined approach to evaluate and improve the effectiveness of the Risk advisory services.
Our Offerings
Internal audit
- The role of internal audit is to provide independent assurance that an organisation’s risk management, governance and internal control processes are operating effectively. It helps to evaluate a company’s internal controls, including its corporate governance and accounting processes. It helps to ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection.
- Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
- Our internal audit professionals will work with you to understand your business strategy and its associated business drivers, and how that strategy is delivered through an appropriate operational business plan and process framework. Your stakeholders will benefit from experienced independent professional evaluations and a review of the quality and effectiveness of the control environment within your organisation
Implementation of Internal Financials Controls over Financial Reporting (ICOFR)
“
- As per guidance note issued by ICAI on Audit of Internal Financial Controls Over Financial Reporting Internal Financial Controls Over Financial Reporting (ICFR) shall mean:
– “A Process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles”.
- This includes ensuring orderly and effective conduct of business together with regulatory compliance by putting into operation such policies and procedures, covering controls over reliable reporting of financial statements.
- Our firm has shall provide services of implementation of such internal financial controls in the organisation.
”
Financial & operations process review and documentation
- An operational review allows your company, division or department to evaluate your practices. Such reviews build stakeholder confidence by documenting the function’s commitment to quality and best practices, and to the profession. Obtaining an operational review also provides evidence to your board, management, and staff that your departments are concerned about improving the organization’s processes.
- Documentation of all processes of the Company provides a standardised approach towards the functioning of the business and supported operations. Auditing the process becomes a subsequent task thereafter.
- Our firm shall assist clients in process documentation, process reviews and audits. In the current evolving era, process improvisation plays a key role in the growth of the business.