AUDITING & ASSURANCE SERVICES
Our professional accountants offer auditing services, thereby, assisting organizations in their operational and financial reporting. Effective Audit is conducted in accordance with Standard Auditing Practices. We undertake Internal Audit, Concurrent Audit, Management Audit, Stock Audit, Tax Audit & all Statutory Audits.
What are Audits?
Organization present various reports to third party users, who make major investment and other decisions based on what these reports convey. Auditors conduct a study of all the reports presented by the organization to third party users. The audit needs to be absolutely thorough and objective.
- The auditors have to make sure that the company’s financial statements conform to accounting principles.
- The auditors need to ensure the accuracy of the reports and financial information presented to third party users.
- The auditors can also review proposals that are to have an impact on future financial results.
THE AUDITS THAT WE CONDUCT INCLUDE:
Productivity and efficiency of management are key determinants of an organization’s success. Our procedures aim to maximize management performance by focusing on improving processes within the organization.
Operations and Efficiency Audit:
Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value. We focus on streamlining processes, minimizing waste and objective measurement of management and staff performance.
Internal Audit/Concurrent Audit:
Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures.
Special Investigative Audit:
Despite designing and installing high quality control systems, organizations do face situations involving fraud and financial impropriety. We have assisted clients in unearthing such situations and taking remedial action.
Due Diligence Review:
We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.
Costing and Accounting System Design and Review:
Accurately measuring and managing cost and accounting data is critical for management decision making and reporting. Our assistance in developing and installing these systems help management their decision making process.
Compilation of final accounts as per accounting standards of US GAAP:
We assist clients in compilation of final accounts as per US GAAP standards which help companies to compete effectively and efficiently in global market.
- Compliance with management controls
- System and process improvements
- Financial impropriety and fraud audits
- Due diligence for acquisitions and investments
Accurate information is crucial for making business decisions and business leaders need assurances beyond those provided by financial statement audits. Deciding which risks to take can be a challenging task. It can be even more difficult if there are concerns about systems or processes that are inaccurate, ambiguous or even unknown. Without the necessary assurances, businesses cannot be confident that they have the right level of governance and risk management.
We follow detailed risk management procedures designed to safeguard the professionalism and independence of our internal and external Audit teams, a matter which we take very seriously.
Our services include:
Reporting prospective financial information: We develop and report prospective financial information in line with local and international regulations. These services are typically provided to existing and new audit clients who need prospective financial information to obtain financing from a bank or through an offering of securities. The services generally relate to the development, presentation, and reporting on prospective financial information, and provide either a report to a regulator or a report to other parties prepared under regulations provided by the regulator.
Assurance on finances, operations and internal controls: We apply our diverse industry expertise to obtain deeper understanding of clients’ issues and develop recommendations, which can add value to their business.
Transactions assurance: Our teams provide assurance on forecasting methodology and views on risk and value during transactions including mergers and acquisitions. We strive to ensure stakeholders’ rights are protected, whilst utilizing the benefits of such transactions.
IFRS reporting services: We help clients to apply, conform and accurately report under International Financial Reporting Standards (IFRS), when required and as appropriate. KPMG has a team of technical accounting specialists to provide services to clients in the following areas: new standards impact analysis, advice and step plans relating to transactions, financings and internal reorganizations, informal advice or formal opinions on accounting treatments; accounting policy analysis, financial information/statements compilation/review, technical accounting training.
KP Kini&Co Certified Public Accountants, is a full-service accounting firm that has been serving clients throughout India.
31, Nandagokul, HMT Layout RT Nagar
Bengaluru – 560032
Mobile: +91 9892948984
Mobile: +91 3845935989
10AM to 6PM