Audit
Auditing plays a pivotal role in the financial maintenance of a company. It can be seen as the analysis of a company’s accounts to ensure that it complies with the laws of the land, that is undertaken independently.
From small businesses to multi-national juggernauts, tracking and keeping records of all the financial activities is a challenging proposition. Audit firms have become an irreplaceable part of the modern business landscape. But why would one consult an audit firm? What do the cream of the crop offer for business? Read on to find out more.
Audit
Internal & Management Audit
Stock Audit
Fixed Asset Audit
Concurrent Audit
System Audit
Product Costing
Documentation Works
Frame Internal Controls
Analysis Of Debtors & Creditors
Internal & Management Audit
Stock Audit
Fixed Asset Audit
Concurrent Audit
System Audit
Product Costing
Documentation Works
Frame Internal Controls
Analysis Of Debtors & Creditors
Scope of Audit Services
Internal Controls
Internal Controls Are Designed To Provide Reasonable Assurance Regarding The Achievement Of Objectives In The Following Categories:
Internal Audit Assists The Company In Maintaining Effective Controls By Evaluating Their Effectiveness And Efficiency And By Promoting Continuous Improvement As Part Our Internal Auditing And Consulting Activity.
Finance and Accounts Controls
How it Works
Stage 1
Stage 2
Stage 3
Stage 4
Stage 5
Stage 6
Compliances of Statutes
Fixed Asset Controls
Analysis of Various general Ledger Transactions and Balances
CKM Group of Business India Team and Process
Various Internal Controls
Preventive Controls
Segregation Of Duties: Duties Are Segregated Among Different People To Reduce The Risk Of Error Or Inappropriate Action. Normally, Responsibilities For Authorizing Transactions (Approval), Recording Transactions (Accounting) And Handling The Related Asset (Custody) Are Divided.
Approvals, Authorizations, And Verifications: Management Authorizes Employees To Perform Certain Activities And To Execute Certain Transactions Within Limited Parameters. In Addition, Management Specifies Those Activities Or Transactions That Need Supervisory Approval Before They Are Performed Or Executed By Employees. A Supervisor’s Approval (Manual Or Electronic) Implies That He Or She Has Verified And Validated That The Activity Or Transaction Conforms To Established Policies And Procedures.
Security Of Assets (Preventive And Detective): Access To Equipment, Inventories, Securities, Cash And Other Assets Is Restricted. Assets Are Periodically Counted And Compared To Amounts Shown On Control Records.
Detective Controls
Detective Controls Are Designed To Find Errors Or Irregularities After They Have Occurred. Examples Of Detective Controls Are:
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We offer services ranging from accounting services to level expertise or accounting systems integration for small to mid-size firms. Let us manage your account payables through forecasting so you can focus on growing your business.
Our team of professionals possess extensive knowledge of industry best practices and performance measures that you can leverage to move your business forward.
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