Audit & Assurance

“Audit and Assurance” refers to a set of services provided by auditing firms to assess the accuracy, reliability, and integrity of financial information and processes within an organization. Here’s what each component entails:

Audit: An audit involves the systematic examination and verification of financial records, transactions, statements, and internal controls of an organization to ensure compliance with accounting principles, regulations, and standards. External auditors, typically certified public accountants (CPAs) or chartered accountants, conduct audits independently to provide an objective assessment of the organization’s financial health and performance. The audit process includes gathering evidence, performing analytical procedures, testing internal controls, and issuing an audit report with findings and recommendations.

Assurance: Assurance services go beyond traditional financial audits to provide stakeholders with confidence and assurance regarding various aspects of an organization’s operations, processes, and controls. These services may include reviews, compilations, agreed-upon procedures, and other engagements tailored to address specific concerns or objectives of stakeholders. Assurance engagements aim to enhance transparency, reliability, and credibility of information provided by the organization, giving stakeholders greater trust and confidence in its activities and financial reporting.

Overall, Audit and Assurance services play a crucial role in promoting transparency, accountability, and trust in financial reporting and organizational performance. By providing independent assessments and assurance, auditing firms help stakeholders make informed decisions, mitigate risks, and uphold the integrity of financial markets and institutions.

At T.V. Harikrishnan & Associates, we excel in delivering meticulous Audit and Assurance services, meticulously tailored to suit our clients’ diverse needs. Our array of services encompasses a comprehensive spectrum, including:

Statutory Audit: As seasoned auditors, we conduct thorough examinations of financial statements to ensure compliance with statutory regulations and accounting standards. Our Statutory Audit services provide stakeholders with the assurance they need regarding the accuracy and reliability of financial reporting.

Tax Audit: With expertise in tax laws and regulations, we meticulously review financial records to verify compliance with tax laws and regulations. Our Tax Audit services help clients navigate complex tax requirements and mitigate risks associated with non-compliance.

Internal Audit: Our Internal Audit services focus on evaluating the effectiveness of internal controls, risk management processes, and governance practices within an organization. By identifying areas for improvement and providing recommendations, we assist clients in enhancing operational efficiency and accountability.

Bank Audit – Statutory and Concurrent Audit: We specialize in conducting both Statutory and Concurrent Audits for banks, ensuring compliance with regulatory requirements and evaluating the effectiveness of internal controls. Our Bank Audit services provide stakeholders with confidence in the integrity of banking operations.

Due Diligence: Our Due Diligence services involve comprehensive examinations of businesses and transactions to assess risks, identify opportunities, and provide informed decision-making support. Whether for mergers, acquisitions, investments, or other transactions, our Due Diligence services help clients mitigate risks and maximize value.

Trust T.V. Harikrishnan & Associates to be your reliable partner in ensuring transparency, compliance, and integrity in your business operations. Contact us today to learn more about how our Audit and Assurance services can benefit your organization.

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