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Audit and Assurance
Audit and Assurance
A corporate’s journey to success is governed by increasingly complex and broadening regulatory requirements. We can assist you meet these demands by providing a timely and constructive challenge to management, a robust and clear perspective to audit committees, and transparent information to your stakeholders and investors. As a firm, we have expert knowledge and extensive experience to help with complex reporting issues involving IND-AS, IAS, US-GAAP and IFRS. Key industry sectors that we cater to comprise financial services such as commercial banks, insurance companies, non-banking financial companies, cooperatives, pensions funds, mutual funds, private equity/venture capital/alternate investment funds, manufacturing companies, oil & gas, FMCG, hospitality, healthcare, etc.
Our range of services include
Statutory Audits and review of financial statements
Whether annual and consolidated accounts or special audit services and certifications, having the objective judgment of external auditors makes information more reliable for all decision makers. Our audit approach, is tailored to suit the size and nature of any organization and draws upon our extensive knowledge and talent, understanding of laws, regulations and legislation.
Internal Audits
Internal audit is an independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system. We provide accounting and auditing guidance which constitutes valuable insights for audit committees, chief financial officers, controllers, financial reporting groups, and internal audit directors.
Internal financial controls
We help you identifying risks as well as giving you the certainty that you are making the right decisions for the future of your business. We review the Risk control matrix and suggest the process and operational improvements. We assist in implementing new processes and controls or enhancing existing processes and controls. We also perform independent testing for management and report to the management with the customized action plan
Stock and fixed assets audits
Stock and fixed assets Audit is also an area of specialization and core competence for Nangia & Co. Stocks and physical assets such as raw materials are critical real assets and needs systematized management. As a large number of companies are operating across the borders through multiple locations and channel partners, making asset management a challenge. We aim at delivering focused services to companies to keep their physical assets check intact.
Financial Accounting and advisory services
We can assist you anticipate the impact of key business decisions on your accounting and financial reporting. We have a multidisciplinary team of accounting, tax, and IT professionals with deep, sector-specific experience in managing the implementation of accounting changes, ranging from a single accounting standard to the full project planning. We can assist you in preparation of accounting manuals, IPO advisory, Training on audit & accounting matters etc.
Knowledge Process Outsourcing
We provide our clients with all of the accounting and bookkeeping services they need. We can assist you with setting up a bookkeeping system and producing efficient accounting records, such as journals, ledgers, and financial statements. We review financial records, provide advice for money management, help with budgeting, and offer advice on any financial decision. We virtually operate as your back office for all your bookkeeping and accounting services.