Audit and Assurance

Ø  Our approaches to Statutory Audit of the financial statements is to provide reasonable assurance that the accounts have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and are free of any misstatements, errors and discrepancies. In addition to the traditional statutory audit, we also help the clients by monitoring organizational ethics, conducting effective reviews of operational and financial performance, assessing the quality, economy and efficiency of their operations and suggesting continuous improvement strategies.

 Ø  At ABSM , we have robust audit tools, resources and procedures to provide the means for our professionals to deliver high-quality audit services. In delivering these services we adhere to the highest standards of independence, professional objectivity and technical excellence thereby focusing on understanding the clients’ business and control issues from the inside out. It combines a rigorous risk assessment, diagnostic processes, and audit testing procedures as well as a continuous assessment of our clients’ service performance.

 Ø  Vast experience of Statutory Audit, Concurrent Audit, Internal Audit, Revenue Audit and Tax Audits of banks, financial institutions, NBFCs Govt. corporations, and corporate and non-corporate clients.

 Ø  Stock audit for various Banks and special audits entrusted for finding out certain and specific information/audit trails as well as detecting the financial/monetary scams and frauds.

 Ø  Internal audits, which include setting up of internal control systems, checks and also providing checks for EDP packages audits.