Audit and Assurance
In today's changing global economy, before any business can create value, it must create trust - businesses need trusted advisers. We believe that assurance goes beyond our statutory responsibilities to report on a company's accounts, which is why Audit & Assurance is one of our firm's core service lines.
Our audit & assurance experts take the time to understand your business as well as the sectors in which you operate. We can help you identify major risks and opportunities over and above performance of the traditional financial reporting function. Supported by advanced technology, we are constantly looking for ways to improve efficiencies and enhance client service.
Our audit and assurance services include the following:
The key to maintaining trust between a company and its stakeholders is undoubtedly a credible audit. Evolving regulatory requirements, coupled with growing stakeholder demands for transparency and accountability, are requiring companies around the world to reinvigorate the importance of audits and auditors in the financial reporting chain. But the concept of audit goes far beyond mere compliance elements and is a prerequisite for strong and sound financial management. The auditor’s report aims to highlight whether the financial statements prepared by an organization give a true and fair view of its position and whether they are prepared in accordance with an appropriate reporting framework
At ARJ Auditing, we customize our audit services to meet the specific needs of each client. Our experienced team of audit professionals have a thorough understanding of relevant reporting frameworks and auditing standards, ensuring our audit reports are highly valuable and reliable.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Internal audit provides an unbiased, independent reviews of systems, business organization and processes. Internal audit enables the management of an organization to obtain an understanding regarding the following:
- The organization's risk
- Control Environment
- Operational Effectiveness
- Compliance with applicable laws and regulations
Our internal audit team offers a dedicated commercial approach to help you control and improve your business. Independent assurance from us should enhance your business and its reputation with existing owners, potential new investors and providers of finance.
Our independence enables us to stand back and provide impartial advice. At the same time we hope to become a valuable part of your team, providing constructive and commercial input
- We analyze, in depth, the internal controls and accounting policies.
- We provide regular reports on on-going performance of the company.
- We verify transactions and report compliance with respect to the company's policies & procedures
- We ensure early detection of fraud and mitigate its effect on the business.
The state of affairs, books of accounts, financial statements, and business practices must always be thoroughly investigated whenever a corporation detects any nefarious activity or fraud within the enterprise. One of the biggest risk that any company faces is fraud, which can have negative consequences like damage to the company's reputation, financial loss, and other losses.
This is when the function of investigative auditors, who work independently of the company and conduct a thorough, impartial inquiry, comes into picture. To determine the precise degree of a committed fraud, a fraud investigation is necessary. Finding the flaws or inadequacies that allowed this fraud to occur is also crucial. A fraud investigation would assist a business in determining the actual loss suffered by that business in terms of both financial and non-financial components. If there is a legal action taken against it, a thorough fraud investigation report along with evidence collected will be helpful.
At ARJ Auditing our team of qualified professionals can help you with fraud investigation. Our expertise includes looking into the theft of money, assets, or other financial resources from the business.
A stock audit program’s goals are to confirm the existence, accuracy, and ownership rights of the items in the company’s inventory as well as their realizable value. A robust bookkeeping system and MIS reporting depend on precise inventory accounting. Since there is a lot of movement in the inventory during business hours, routine physical verification requires careful planning, the deployment of resources, and subject-matter expertise.
Our team of specialists can help you with inventory auditing and verification and properly reconcile your current stock records. We can determine whether there is an excess or deficit of stock on hand as well as any outdated or damaged stock through our inventory verification and valuation services. In addition to reducing wastage and losses brought on by fraud or damage, effective stock audit services assist management in improving internal control over the inventory counting process.
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