Auditing & Assurance
The purpose of Audit & Assurance in business
In today's business landscape, auditing and assurance services are more critical than ever. These services are essential for verifying the accuracy and reliability of financial information, providing stakeholders with confidence in the integrity of the data. By ensuring compliance with legal and regulatory requirements, auditing services help companies mitigate the risk of fines, penalties, or legal disputes. Auditors also play a crucial role in identifying potential risks and weaknesses in internal controls and processes, aiding businesses in risk management and operational efficiency. Overall, auditing and assurance services are indispensable for promoting transparency, compliance, risk management, and stakeholder trust in today's complex business environment.
Our Support
At Bindra & Associates, our approach to audit and assurance services is grounded in a commitment to delivering comprehensive insights and value beyond compliance. We understand that audits are not just about crunching numbers; they are opportunities to gain a deep understanding of our clients' businesses. Our dedicated team identifies inefficiencies, gaps, and areas for improvement and help optimize processes and enhance performance. Our focus is not only on ensuring accuracy and compliance but also on empowering you with actionable insights to make informed decisions and drive growth. You can trust that our audit and assurance services will not only meet regulatory requirements but also add strategic value to your business.
Our Audit and Assurance Services
- Statutory Audits, Reviews & Compilation of financial statements
- Tax Audits
- Internal Audit functions, Internal control reviews throughout the year.
- Stock/Assets Audit
- Inspection and investigation Audits
- Reviews and compilations and attestation services
- Establishing procedures and reviewing internal controls
- Defining standard operations processes
- Statutory bookkeeping
- Consolidated & continuous financial reporting
- Monthly and quarterly assistance in preparing output accounting reports
- Accounting reconciliation
- Maintaining statutory records and accounting records across the year
- Undertaking compliance adherence for procedures involving withholding Tax/TDS, GST, etc.
- Physical inventory maintenance and its periodic/consistent update, as required
- Financial analysis of reports to identify areas of improvement and growth
- Monthly payroll management for the client & statutory compliance of labour laws covering ESI/PF/CTC.
- Accounting policy and procedure manual development
- Constant updates on special reporting requirements for the client to ensure a head-start
- New accounting pronouncements and standards implementation
- Assistance and support for start-up, expansion and acquisition transactions
- Preparation of forecasts and projections to help in scaling business growth on a consistent basis
- Monthly financial statement preparation