Work Approach

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Testing

Test Operating effectiveness through Test of Controls and other audit procedures

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Comparative Analysis and Evaluation

Compare the existing practices and industry best practices to identify scope of improvement
Evaluate and assess the impact of evidence and Identification of root cause

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Discussion

Discussion with process owner on the deficiencies and on proposed recommendations.

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Reporting and communication format

Issue/Observation
Root cause
Implication with quantification impact if any
Recommendations
Management comment and proposed action plan

Mapping of taxes against each balance sheet and profit and loss items.
Preparation and execution of Job under secured IT environment.
Independent review of tax workings and validation under existing tax laws.
Validation of details from Tax portal ( Income Tax /GST)

Timely communication to client of GST/TDS/Income tax returns for their approvals and pay-outs.
Timely updates to clients on recent changes in direct/indirect tax laws.
Timely communication to clients on tax implications on issues observed.

High involvement of Partners to ensure quality.
Frequent communication to directors/owners by Partner in personal meetings.
Focus is on timely appropriate tax compliance with true tax outflows.

  • Deputation of experienced person post approval from Company Management.
  • Full time support and review from qualified CA/Partner on issues faced while accounting. .Monthly onsite review and Management meet to ensure quality delivery.
  • Monthly balance sheet, profit and loss review done by engagement manager.
  • Engagement manager is involved for fruitful conclusion of external audits.

  • Accounting and supervision is done by experienced semi qualified/ chartered accountants and Partner respectively.
  • Monthly/Quaterly returns prepared and reviewed by independent team members.
  • All accounting and communication done in safe IT environment.
  • As per the scope - Monthly MIS provided to management.

  • Services are offered only by experienced CA
  • Monthly accounting , Direct tax and Indirect tax compliance reviewed and communicated to Director and Owners.
  • Banking, Financial, Operational decisions appropriately evaluated for management decision making.
 
     
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