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Assurance

Assurance

Assurance

Assurance

Our assurance services include Statutory audit, Tax audit, Special audits and Investigations. Our Assurance assignments are conducted in accordance with the engagement standards issued by the ICAI. Our Audit Methodology is based on the Auditing Standards issued by the ICAI which are converged with the International Auditing Standards. As part of such audit assignments, we assess the adequacy of internal controls and our audit findings also reflect suggestions for improvement of such controls. We also assist in conversion of accounts in accordance with IFRS/ Ind-AS. We offer the following Assurance services:

Types of audits:
Statutory Audits
  • Industries: We work with public and private sector companies, closely held businesses, and non-governmental organizations/ not-for-profit sector. We have experience in a wide range of industries, including:
    • Textile and Textile products
    • Print media
    • Sugar and Co-generation of Power
    • Malting
    • Automotive
    • Fertilizer
    • Publishing and Distribution
    • Banking/ Insurance/ Non Banking Finance Companies
    • Commodities Trading
    • Telecom
    • Healthcare
    • Media & Entertainment
  • Special audits and investigations: The objective such audit is to critically review the operations at various levels of the management to ensure flawless process and effective control.
  • Special audits in respect of entities/ projects funded by multilateral lending agencies: The firm has experience in conducting special audits entities which are funded by multilateral agencies.
  • Tax Audits: The firm provides services as required under the Income tax Act 1961
  • Opinions on accounting and auditing matters: This consists of opinions on accounting and auditing matters in respect of applicability and interpretation of accounting standards issued by ICAI/ notified by Central Government and in relation to auditing standards and requirement of corporate laws in connection with statutory audit.
  • Conversion of financial statements to IFRS/ Ind-AS:
    • Conversion of financial statements prepared under Indian GAAP to IFRS for the purpose of reporting overseas to parent company and/ or foreign investors.
    • Conversion of financial statements prepared under Indian GAAP to Ind-AS
SCV & Co.
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