Audit & Assurance:

Audit brings to business and the wider economy by instilling trust and confidence in companies’ financial statements. We also believe that it engenders wider ‘intangible’ benefits in terms of imposing discipline on companies, deterring fraud and giving comfort to other stakeholders that businesses are going concerns. It provides comfort that the company’s own internal accounting staff, processes and systems are generating reliable information which assist the management in their corporate governance responsibilities and statutory duties under various laws.

At SURESH & CO., The Engagement Partner has the required expertise and knowledge in the specific industry and business. We understand the complexity of audit process. Our network of audit professionals provides independent, efficient, effective and comprehensive audits. Audit consists of auditing financial statements and our opinion, as independent CAs on the presentation of financial positions and operating results.

Our emphasis lies on quality audit procedures and objective reporting.

  • We have a well-framed methodology of audit procedures, which are modified to the needs and size of each client.
  • Our audits are Risk-based and Controls-oriented, and this approach identifies risk areas and the level of controls associated with it and then decides on the audit program.
Our audits are led by professionals who are heavily involved in the engagements and staffed by individuals with appropriate skill and knowledge of our client’s businesses. ​
  • We provide hands on approach to advising your business, whether it is large or small, taking the time to know the individuals involved as well as gaining valuable insight into the industry and the marketplace in which your business operates.
  • We keep you updated with the relevant financial reporting related, legislative and technical changes throughout the annual cycle.

Statutory Audit:

With our statutory audit services, we ensure that everything is in compliance with the law.
  • We audit and provide review of IGAAP/ Ind AS financial statements. Audit of internal control over financial reporting is performed by our experts. And comment on the “True & fairness” of the financial reporting of our “second opinion” gives our clients an assurance.
  • Compliance reviews and consolidation of accounts is reviewed in a way as prescribed by the rules.
  • We advise on new accounting pronouncements where our services guide you in anticipating the impact of business decisions on Company’s accounting and reporting.
  • We engage our audit tool to help our audit team comply with the audit checklist. The tool helps our teams to document, evaluate and test internal controls, and design improvement strategies.
  • Challenging questions posed by us from an independent perspective and subsequent responses by management gives clients assurance of the thoroughness and completeness of the company’s financial reporting and internal audit processes.
  • Our Management Letters are your “eyes and ears on the ground” which brings to your attention pertinent issues affecting your business from a governance, risk management and internal control perspective. Our feedback on management’s finance team is useful; including issues relating to their competence, level of co-operation and assistance; and any understaffing conditions that we have noted.
  • Our Inputs on foreign operations and internal practices identifies challenges in operating in new emerging economies.
  • We provide early warning on new and proposed financial reporting standards and provide an analysis of their impact on the company’s financial statements
  • Our recommended significant Closing Journal entries are reviewed By Senior Audit members
Our team of auditors carry out a professional audit which includes minute examination of financial documents, accounting records and inventory. Using our years of professional experience, we ensure that all information collected and stored during the interim audit process make our final audit smooth and simple.

Internal Audit:

Overview

  • Organizations must identify, assess and address emerging risks without losing sight of their existing business and control environment.
  • Management, audit committees and boards of directors rely on Internal Audit to provide assessments and assurance around the effectiveness of controls and company processes, while also providing support in a diverse array of risk and business process improvement areas.
  • It is critical not only to manage risks but optimizing the business and operational performance.
  • Intention of adopting the internal audit is to provide the professional service with broader coverage in the accounting system, compliance with statutory provisions and internal controls of the organization.
  • Challenging questions posed by us from an independent perspective and subsequent responses by management gives clients assurance of the thoroughness and completeness of the company’s financial reporting and internal audit processes.

Services

We have an integrated perspective on all aspects of organizational risk and continue to expand our capabilities in other areas of risk, including governance, risk and compliance.
  • Our firm employs dynamic workforce with deep experience and domain expertise, who can help solve problems with the right solutions, contemporary processes and methodologies and superior tools and technologies.
  • We help clients improve their quality and effectiveness of the internal audit process with the following:
    • Advising and assisting in the development of internal audit and risk management methodologies
    • Assessing the effectiveness of the internal audit function
    • Advising right processes to keep track of what is changing in the business and external environment (industry, customer, competitor)
    • Designing and aligning business processes and information systems to meet information requirements
    • Assess fraud risks and implement solutions to better manage these risks and lead investigations into financial irregularities.
SURESH & CO., has been nurtured and grown over 50 years to deliver high quality, high value, timely, unique solutions for overcoming Business and Regulatory challenges.

Contact info

Address: #43/61 Surveyors Street Basavanagudi Bengaluru.

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