AUDIT & ASSURANCE SERVICES

The advances made in communications & technology has led to a more globalized market and companies today must embrace this rapid change. While globalization has increased opportunities for businesses, it has also exposed them to risk at every turn. The business environment today thus, requires a skill set that enables the companies to operate across cultures within India and abroad.

 

Owing to this, reactions to the lack of transparency in businesses have also grown significantly. This has compelled organisations to make a paradigm shift in their business structures as well as in the accuracy of the information gathered by them; moving from the Industrial Age towards a more Knowledge Age. The criticality and the relevance of information is impacted not only by its content, but also by the timeliness and efficiency with which it is used. Thus making it imperative for the audit and assurance model to keep pace with it.

 

Our high-powered team of more than 20 motivated professionals, with a combined experience of more than 150 man-years, has redefined the way our clients view audit and compliance. A more holistic approach to our model that fits the Knowledge Age compared to the traditional one-size- fits-all approach is the primary driver of our success.

 

We are sector-agnostic and strive to ensure consistent value addition for our clients. Besides ensuring statutory compliances and reporting on financial statements, we provide expert opinion and insights about areas such as internal controls, legal interpretations, processes and polices and risk management. This brings about a more realistic picture for clients to improve their business practices. Our audit practice has been subjected to peer review process of ICAI since inception i.e. since last 12 years.

 

Our systemic approach to reporting, and providing relevant and authentic solutions enables clients to make better decisions through up-to- date information on value drivers, business objectives and success factors. We go beyond the call of duty by converting audit and compliance services into a profit centre for clients. We achieve this through a continuous process of simplifying the complexities and providing authentic solutions to mitigate risks, which in many cases helps save money for clients.

STATUTORY AUDIT

Businesses have traditionally seen statutory audits as a burden. With rapid changes in the environment, skepticism is at an all-time high and so are stakeholder expectations. We go beyond mere statutory compliance. Our clients’ audited statements have not only withstood detailed and stringent scrutiny, but have also become pillars of transparency.

 

We pride ourselves in providing qualitative suggestions, inputs and insights based on our sound technical knowledge & experience.

 

We proactively keep clients abreast of the latest updates and trends to keep pace with their dynamic requirements. We have sound research capabilities for proper interpretation & application of various Generally Accepted Accounting Principles (GAAP).

 

Offerings:

 

MANAGEMENT AUDIT FIRMS

The rapid change in the business environment is fuelled by political, economic, social, cultural and technological changes. Managements, of start-ups and mature organizations, need to recognize, adapt and change.

 

Management audits play a pivotal role in assisting the leadership to strengthen its processes. Our evolved methodologies not only provide qualitative assessments of risk that highlight fundamental causes of performance gaps, they also provide authentic and relevant solutions to prevent repeats. Our early warning reporting provides indicators of a probable fraud and accounting irregularities. All this helps to improve the profit earning-capacity of our clients.

 

Offerings:

MANAGEMENT AUDIT FIRMS

Market conditions are constantly changing and this in turn on various occasions restricts an organization’s ability to conduct business efficiently and effectively. The changing market conditions have not only propelled organizations to go above & beyond but also implement proactive structures that not only detects risk, but also enhances the strategic and operational foundations of one’s business.

 

We, at N. A. Shah Associates, understand this to the core and our collaborative approach makes us an extended arm to support management bandwidth. Our primary focus has always been to use our knowledge & experience to understand the needs of the client and provide simple yet intelligent solutions. Our flexibility & adaptability in difficult and complex situations has helped us surpass client’s expectations.

 

Offerings:

Investigation Services

 

Globalisation has increased competition and this has given rise to a fierce market place where organizations are constantly fighting each other to gain the upper hand. And whilst organizations focus on winning the race over their competition, the situation has also given rise to fraud and misconduct which may not only drain out significant financial resources from an organization but also damage reputations and put the overall public trust in the marketplace at risk.

 

Our experienced team of professionals have helped organizations, where their critical fact finding suggests a need, to conduct internal investigations or to examine allegations of wrongdoing.

 

Our eye for detail investigation has helped various organizations identify critical indicators and red flag areas for evidence gathering. Our ability to understand the mindset, go beyond & behind the reason for the fraud and employ investigation methodologies that are in sync with the legal strategy has helped organizations reduce the damage caused.

 

Fraud risk assessment

 

Having a reputation of integrity is crucial to safeguarding market confidence and public trust. Unfortunately, fraud and misconduct can seriously undermine such efforts, exposing an organisation to legal, regulatory, or reputational damage. Over the last 50 years, we have built a strong reputation of being able to successfully guide our clients out of various situations, particularly when the level of scrutiny is high and the margin for error is low.

 

Our ability to punch holes, identify vulnerable areas and provide a robust mitigation plan including insights on early indicators has been crucial for a number of our clients to avert any major crisis they face. Our focus has been to provide a strong safety net for preventing frauds by accurately mapping risk controls and gaps.

 

Customised Management Services

 

Time is the scarcest resource in any company today and the price of misused executive time is very high. The impact of always-on communications, the growing complexity of global organizations, and the pressures imposed by profound economic uncertainty have all added to a feeling among executives that there are simply not enough hours in the day to get things done.

 

Our focus at N. A. Shah Associates has been to deep dive into our client’s business to understand what is a catalyst & what is being the obstacle to growth. Our customised special reviews / services are specifically designed to help free management’s time, for them to focus on their core competencies. Our single approach has been to help management gain confidence in its support systems.

CUSTOMIZE MANAGEMENT SERVICES

Time is the scarcest resource in any company today and the price of misused executive time is very high. The impact of always-on communications, the growing complexity of global organizations, and the pressures imposed by profound economic uncertainty have all added to a feeling among executives that there are simply not enough hours in the day to get things done.

 

Our focus at N. A. Shah Associates has been to deep dive into our client’s business to understand what is a catalyst & what is being the obstacle to growth. Our customised special reviews / services are specifically designed to help free management’s time, for them to focus on their core competencies. Our single approach has been to help management gain confidence in its support systems.