Statutory Audit
The businesses worldwide are changing rapidly, together with dynamic laws, regulations and economic environment. This places significant importance to statutory audits under various statutes, especially audits mandated under corporate and tax laws. Various statutes demand extensive disclosures that require detailed analysis of the Financial Statements of the organisations on an independent basis.
We, at KSKV & Associates, ensure that the Financial Statements are analyzed after proper understanding of the business and market factors affecting the organisation and the audit approach is customized to suit the client needs. Our audit services extend beyond the conventional financial reporting function. We believe that audit must not restrict itself to review of historical data; it must also provide reasonable information about impending risks.
Our services in relation to Assurance also include Financial Due Diligence, which would be carried out at the instance of the potential investor at the time of acquisition
Management Audit
Understanding the business is the key to success in management audit and at KSKV & Associates we ensure understanding of business as management and review the processes as auditor to provide the best value to the client.
The complex business scenario, increasing regulations and governance, globalisation and increased competition in the markets have increased the complexity of business. The complexity is further intensified by the complex regulations in India and world over, pervasive nature of Information Technology, various risks posed to the business including Financial Risk, Business Risk and Governance Risk, and shortage of skilled professionals. Risk management is a big concern for both audit committees and senior management in corporations internally.
Our professionals approach the assignments with a risk-based approach to help the Company in effective evaluation of transactions, business, internal controls and assets, along with ensuring solution based, precise reporting.
The advantage is a well trained and experienced team to verify the effectiveness of management and controls from macro as well as micro level. We ensure evaluation so as to provide precise assessment useful from the board rooms to the lowest levels in the organisation’s hierarchy.
