In the early stages of a company’s life cycle, as a rule, the owners are directly involved in the management process, the processes are not formalized, their control is situational, and full-fledged management and control systems have not developed. In these conditions, the subject area of internal audit turns out to be very narrow: The…
Today’s world places us in front of great challenges, such as frauds in business. To prevent this from happening efforts, planning, analysis, and awareness are needed. Fraud, from a broad context, includes deception to configure it as a crime, through which a profit is obtained. Institutions, companies, organizations, society do not escape from it and…
Corporate auditing firms in India as an independent form of financial control are today the only tool for providing reasonable guarantees regarding the reliability of accounting (financial) statements to all interested users, one of which is the state. Audits are an integral part of the activities of any self-respecting company, the results of audits are published…
Every organization requires prevention from risks and errors from time to time. To ensure that situations like facing tax fines never arise, zealous business owners conduct a preventive tax audit with the help of audit firms in India which diagnose all errors and shortcomings of accounting and tax accounting and suggest the best ways to eliminate them….
The purpose of Physical Verification of Fixed Assets is to check and form a reasoned opinion on the reliability and completeness of information on fixed assets reflected in the financial statements of the audit and explanations to it. Physical Verification of Assets is an important control procedure. The auditor needs to make sure that the verification is carried…
We all feel that this is an era of transformation. Change has become the norm. And today, corporate auditing firms in India are experiencing one of the most dramatic moments in their history. What used to make internal audits successful will no longer work. See how you change; how do you adapt? And do you adapt at…
Even when the management of fixed assets is done through specific software, they are sometimes so numerous and so old that a company requires a Physical Verification of Assets. Which business owner has never asked his manager to confirm the existence of an asset, a telephone for example, at the time of its replacement to learn…
One of the means to fulfil the accountability of a company is financial statements. This financial report must be valid and reliable because it will be reported to stakeholders, such as the government, creditors, funders, administrators, and employees. Therefore, a thorough examination of the financial statements must be carried out by top audit companies in India so…
A competent audit of the company’s economic activities is the basis on which the company’s management makes managerial decisions and develops a business development strategy. Due diligence provides a comprehensive study of the company’s work and directly affects the prospects for the development of the organization. An audit of the financial and economic activities of…
When a general audit of an enterprise is carried out, the physical verification of assets is part of it. But very often this type of audit is ordered by large industrial enterprises, where a significant part of the property falls to the share of fixed assets. A timely audit of the correctness of taxation, accounting, and the…
