Statutory & Tax Audit
Our approach to carrying out a Statutory Audit and/or Tax Audit
The auditing sector has been under tremendous scrutiny recently, with the government calling for reform following the collapse of high-profile firms whose audits have been called into question. Clearly it’s vital that auditors recognise and report on any issues that emerge from the auditing process, so that any problems in the business can be addressed.
A statutory audit is key to sustaining confidence in both your company and the financial system at large. It must keep pace with a fast-evolving corporate reporting environment – one characterised by investor scepticism and the 24/7 scrutiny of corporate information including non-financial information, while also meeting investor expectations with the completeness, accuracy and fair presentation of information in your financial statements and disclosures.
At Finsurety Advisors, we work hard to provide an exceptional audit service, developing a deep understanding of individual businesses and offering proactive advice and insight that goes beyond the basic requirements while also meeting the timelines.
With our team of professionals, who have a deep understanding of the requirements and reporting requirements under the Companies Act, 2013, The Income Tax Act, 1961 just to name a few, we ensure that the audits are performed with utmost professionalism while covering all the aspects as required by the said laws.
Our aim is to have as minimal impact as possible on the client’s day-to-day business, while maintaining a thorough approach that includes:
- Inspecting documents
- Re-performing calculations
- Sending questionnaires, surveys, checklists
- Reviewing and reporting on controls and systems
- Timely filing of various Forms & Returns
Ultimately, this is a positive process that helps ensure best practice and future growth of an organisation.