Financial Health Check
Financial health check-up is an activity to perform exhaustive checking of the books of accounts for the selected tenure/time period in respect of compliance part to ensuring about the completeness for compliance.
IND-AS, IFRS & US GAAP Advisory
Advising and assisting clients in respect of accounting under various GAAPs which involves assistance in implementation of identified changes for convergence, assisting in compilation of financial statements, providing adequate staff trainings and consultancy on technical issues. Proactively monitoring new accounting rules, alerting our clients to dynamic requirements and offering assistance with addressing complex accounting or reporting challenges. Certified technical teams with proven skills provides all the guidance to the entities about the evolving global financial reporting framework ensuring that the reporting requirements are complied
Internal Audit Services
The end result of an internal audit is no longer limited to focusing on the processes and controls surrounding financial reporting. Internal audit now has a more strategic role. It can create value by identifying enterprise-wide risks, leveraging synergies, monitoring and providing early warning of new risks; and improving processes/ efficiency. Ahuja Valecha & Associates LLP provides a platform to its clients to achieve more from the business by providing internal audit services of highest standard on timely basis.
Internal Financial Controls
Testing of design and operative effectiveness of organisation’s process and entity level controls. We Help organization transition to a process-based approach for financial control compliance, identifying effective ways to appropriately reduce effort through better risk assessment, scoping and use to technology. Our Approach and methodology is oriented towards a consultative and collaborative model, bringing to table good understanding of your industry. Benefits of IFC include – Definition of clear accountability and Transparency, opportunities to plug leakages, streamlining & standardizing controls and enhancing governance framework.
Risk Assessment is the identification and analysis of risks that influence the accomplishment of an organization’s objectives, and determining the risk management processes. Risk assessment involves determining the operating objectives, systematic identification of activities/ events that could prevent a business unit from achieving its objectives. At Ahuja Valecha & Associates LLP, we aim at creating an analytical tool that maps out the potential alarming glitches and the preventive measures to avoid those glitches.
Standard Operating Procedures (SOPs) is a mandatory component of any business model. SOPs act as the process book that describes a set of procedures and protocols for a particular action. Standard Operating Procedures describe how processes execute as well as detailing the roles and resources that are involved in a particular process. At Ahuja Valecha & Associates LLP, we take care of SOP development by creating it, reviewing it and periodically updating the SOPs.
IS audit is an examination of the management controls within an Information technology (IT) infrastructure. At Ahuja Valecha & Associates LLP, we conduct IS Audits in two phases. First by gathering information and planning; second by gaining an understanding of the existing internal control structure. A number of organizations are now moving to a risk-based audit approach which is used to assess risk and helps an IT/IS auditor to make the decision as to whether to perform compliance testing or substantive testing.
Our experience and expertise enable us to provide solid guidance from the start of the SOX compliance engagement by creating long term compliance objectives for our clients. At Ahuja Valecha & Associates LLP, we aim at providing our clients with customized, industry approved approaches that paves the way for our client’s compliance initiatives. We aim at offering cost effective loan staffing, complete SOX teams, project managers/ supervisors and advisory for most industries.