We deliver tailor-made assurance services to our clients in local and global marketplace to help its stakeholders rely on their Financial Statements audited in accordance with the latest accounting and auditing standards and regulations . Our team uses an intelligent, effective, risk based approach while planning and conducting an audit.
We have always maintained highest level of quality and have provided independent & professional opinions that has reduced the information risk.
The basic principal of statutory auditing is to ensure that the financial statements such as the Balance Sheet, Profit & Loss Account and Cash Flow Statement give a true & fair view and are free from any material misstatements.
Our audit approach comprises of deep understanding of your business and the industry in which you operate to enable us to design an effective audit plan.
Our Audit Methodology has been designed to comply with the International Standards on Auditing, current statutes, Indian Accounting Standards and the guidelines issued by the regulatory board from time to time.
Tax Audit is an examination of an entities tax affairs to check whether the transactions undertaken by them are as per the prevailing tax laws like declaration of all the assessable income or are they entitled to certain tax reductions or any tax offsets which they had claimed in their tax return.
Our specialized taxation advisory team is well conversant with the tax laws of India and they are presently assisting many of our clients to file their tax audit returns within time.
IFRS is becoming the global accounting reporting standard among more than 100 countries, however, many companies seem unaware or unprepared for the complexities this change represents. Conversion/transition/Business transformation to IFRS affects almost all the business functions of an enterprise such as, Organisation structure, Legal contracts, accounting and finance, taxation, corporate responsibilities and executive compensation.
We at NKRJ & Associates aim to add value to this conversion process and help our clients realize many of the opportunities that this change presents by assessing the likely impact of this conversion across all the business functions and to help develop plans for implementing the necessary changes.
As per the new requirements of Companies Act 2013, the statutory auditor is required to state in his audit report whether the company has adequate internal financial controls system in place and the operating efetiveness of such controls.
Our dedicated team of internal auditors help assist our clients to understand the various aspects of this new reporting requirements and undertake the testing/audit of internal financial controls over financial reporting.