The auditing and assurance services are another aspect of accounting and bookkeeping services that are designed to give you with a quality product that meets your demands, offer helpful suggestions to assist improve your operations, provide financial guidance where appropriate and provide a level of service that will result in a long-term partnership.
What are the Types of Auditing and Assurance Services?
Auditing and assurance services used by organisations in India offer a vast variety of utilities for the availing companies, which must adhere to the auditing standards set in place in the country. Other auditing and assurance standards for accounting and bookkeeping may be utilised if deemed acceptable for the sorts of audits being conducted.
These auditing and assurance services include various aspects of auditing and consultancy to meet the organisation’s objectives and maintain its integrity. These are:
1. Assurance Services
Assurance services involve impartial assessments conducted by our team to provide independent opinions or conclusions. These evaluations include operational, financial, compliance and information technology audits. The scope of assurance services is broad, including:
- Operational Efficiency and Effectiveness Review
- Reliability of Financial and Operational Systems
- Assessment of Policies and Procedures Adequacy and Clarity
- Adherence to Policies and Legal Regulations
- Asset Protection Evaluation
- Achievement of Objectives and Goals Verification
- Other Agreed-upon Procedures
2. Consulting and Advisory Services
StartupFino also offers consulting services aimed at enhancing processes, procedures and controls to mitigate risks and achieve objectives. These services include:
- Providing Expert Counsel and Advice
- Facilitating Process Design and Improvement
- Collaboratively Defining Scope and Nature of Consulting
It's important to note that while adding value, StartupFino refrains from assuming management responsibilities to ensure objectivity and independence.
3. Special Investigations using auditing and assurance services
In cases of alleged fraudulent practices or misconduct pertaining to financial or operational matters, special investigations are conducted. These investigations ascertain the validity of allegations, prevent future occurrences and maintain the organisation's integrity.
4. Follow-up Engagements
Follow-up engagements focus on evaluating the implementation of corrective measures for previously identified issues. These measures arise from completed audits and investigations. The objective is to verify the effectiveness of plans and actions taken to rectify previous conditions.
5. External Audit Coordination
External Audit Coordination services facilitate interactions between the organisation's employees, resources and external auditors or regulators. This collaboration ensures smooth auditing processes and prevents redundancy between internal and external efforts. Regular communication with the organisation also guarantees that StartupFino remains informed about emerging issues.
Why Choose Startupfino for Auditing and Assurance Services for your Company?
Startupfino is a company that specialises in offering complete services for auditing and assurance for your organisation. We can help you with everything from providing advice in the initial phase to ensuring that you meet all the necessary requirements and compliances.
Our auditing and assurance services include the following below mentioned services:
- Offering comprehensive assurance evaluations including financial, operational, compliance and IT audits to ensure compliance with Indian regulations.
- Providing expert consultancy services to enhance processes, procedures and controls, adding value to business development in India.
- Ensuring clear coordination with external auditors and regulators in the country, simplifying audit efforts and preventing redundancy.