Assurance Services

Assurance Services

The complexity of Audit Function has increased manifolds during recent times. Globalisation and Fast Changing Business environment combined with need for synchronisation with various global accounting standards and ever increasing reliance on audited accounts by a variety of interested parties has put ever increasing responsibilities on the shoulders of the auditor.

There are many stakeholders in any company who have different interests. Auditing and assurance helps the organisation as well as its stakeholders to clear doubts about the working of the company and reservation of their interest.

Our Audit & Assurance services include:

  • Internal / Management Audits
    • Complete outsourcing of internal audit function
    • Co-sourcing and supplementing internal audit function along with the existing capabilities of the client organization
    • Deputation of personnel to strengthen the internal audit function of client organization
    • Conducting operational audits through review of business operations, activities, etc.
    • Conducting special purpose investigations.
    • Energy Audits
    • Quality Audits
  • Techno Commercial and Concurrent Review
    • Project Monitoring through regular physical inspection of completed project work
    • Review with Project Schedules and Charting of delays.
    • Online transaction Reviews
      • Pre order
      • Pre payment
    • Review of Project Cost Monitoring Mechanism
    • Periodic review of specific functions
    • Materials covering purchase and movements
    • Administration and Support functions
    • Review of transaction specific as well as periodic compliances.
    • Review of control statements.
    • Participation in inventory / Assets verification
  • Due Diligence Review
    • Financial Due Diligence
    • Legal Due Diligence
    • Operational Due Diligence
    • Strategic Due Diligence
  • Information System Audit and Review
    • IS Audit
    • Security Policy Formation as per recommended Standards
    • Control Implementation and Verification
    • Business Continuity Plan Development and Implementation
  • Compliance Review under Various Laws
    • Company and Corporate laws
    • Securities and Exchange Board of India (SEBI) regulations
    • Foreign Exchange Management Act
    • Income Tax
    • Service Tax
    • VAT/CST
    • IPR laws
    • Labour laws
    • Other allied laws.

    Advantages of partnering with ProEx?

  • Usage of latest audit tools and methodology, well researched checklists resulting in reduced audit turn-around time, use of risk based audit approach , statistical sampling , rank analysis and Computer Assisted Audit Techniques (CAATs) resulting in increased effectiveness of audits.
  • Well defined database of processes and risk categories and associated key controls for risk mitigation.
  • We work towards addressing senior management/board's concerns about the adequacy of the risk management framework through our risk advisory service offerings.
  • We offer whole business solutions and advisory under one roof to our clients.
  • We add-value to our clients by identifying business process inefficiencies/redundant business processes/internal controls.
  • Unique and in depth understanding of clients related business processes and associated key controls before arriving at solutions.
  • Quality Assurance review to ensure high quality of client deliverables and satisfaction.
  • Structured approach and methodology based on recognized global frameworks i.e. COSO etc.
  • Skilled Risk Management professionals with extensive experience in ERM deliverables.
  • Effective deliverables – documentation and communication through transaction level sheets and monthly reporting coupled with quarterly presentation to the top management.
  • Established Quality Assurance processes which meet international standards.
  • Utmost emphasis on confidentiality of clients’ information.
  • Structured approach and methodology based on recognized global framework and standards (i.e. COBIT, ITIL, ISO / IEC 27001, BS7799 etc).
  • Well qualified and experienced and dedicated team of consultants comprising of Charted Accountants, Company Secretaries, Cost Accountants, Engineers, MBAs, Lawyers, Subject Matter Experts and Industry Specialists.