Statutory audit is done in order to comply with the legal requirements. We shall conduct audit with the objective of our expressing an opinion on the financial position, results of the operations for the year ended. Our approach to audit will be based on review of the internal control, test checks to ensure the reliability of the data and whether the accounts are in conformity with the generally accepted accounting principles and highlight to the management any weakness which come to our notice during our examination.
Internal Audit
Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The company will get the benefit of the following aspects.
- Effectiveness and efficiency of operations.
- Reliability and integrity of financial and operational information.
- Safeguarding of assets.
- Compliance with laws, regulations, and contracts.
The concerned auditor will review internal control system and report the management the weakness and steps to be taken to protect the assets and systems of the company on a periodical basis.
Accounting services and accounts setup.
Accounting means the recording of day to day transactions of the company as per the prevailing accounting standards. The accounts will be done in a computerized accounts program .In the middle east Tally software is a commonly used software which is suitable for small and medium companies. Our experienced accountants will visit your office and will do the work on a periodical basis and the required reports will be generated as per the requirement of the management.
Our staff will provide train the training to company’s accountant of the company the way in which accounts must be maintained, the reports to be generated etc.
Feasibility study.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest term, the two criteria to judge feasibility are cost required and value to be attained. As such, a well-designed feasibility study should provide a historical background of the business or project, description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations. Generally, feasibility studies precede technical development and project implementation. Common 5 factors of feasibility study include:
- Technology and system feasibility
- Economic feasibility
- Legal feasibility
- Operational feasibility
- Schedule feasibility
Taxation services.
taxation service includes the following
- Collection of tax certificate for the purpose of obtaining labor clearance from ministry of man power
- Submission of Provisional return of income for the company
- Submission of Annual return for the company
- Answer to queries raised by the tax authorities and discussion with tax authorities for the assessment of company’s income
Banking services.
Our services includes preparation of projected cash flows and other financial statements for the purpose of availing and enhancement of facilities and loans from banks.
Company formation and conversion.
We will help clients to form new company and our service includes registration with ministry of commerce. Further, we are offering services for the formation of new Limited Liability Company with foreign participation, Conversion of existing companies into foreign participated company.
Personal Net worth Statements.
We provides the service of preparation of personal net worth statement of individuals for submission to various bank authorities for the purpose of availing and enhancement of facilities from various banks and financial institutions.
