Audit & Assurance Services
Our audit objective is to obtain sufficient appropriate evidence to provide with high, but not absolute, assurance that the financial statements are free from material misstatement and hence to enable us to express an opinion whether the financial statements are prepared, in all material respects, in accordance with an identified financial reporting framework. Our audit approach is designed to enable us to obtain this assurance as efficiently as possible.
Audit Approach
Our audit approach is based on three fundamental concepts:
Materiality
Only material misstatements and
uncertainties will affect the audit opinion.
Audit Risk
The auditor should plan and perform the audit to reduce audit risk to an acceptably low level that is consistent with the objective of an audit.
Assertions
The financial statements are presented by management on the basis that they present fairly the
income and expenditure for the period, and the assets and liabilities at the end of the period.
Audit
Our methodologies, tools and guidance are developed with our clients in mind and promptly reflect external developments. Our audit approach is thus based upon an extensively researched common methodology that centres around:
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Obtaining an understanding of the business being audited from an internal and external point of view.
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Assessing the risk of material misstatements, and the controls in place to prevent these risks
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Choosing appropriate procedures to obtain evidence of the significant financial statement assertions
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Ensuring rigorous quality control over audit performance
Assurance
We are committed to delivering independent, efficient, effective and comprehensive audits of financial statements, including attestations of internal control reporting. We provide quality assurance services to help ensure that our clients' financial statements meet the regulatory and business requirements under which they function.
We believe that high-quality audits, in fact and perception, are essential to the
growth of financial markets. With that goal in mind, Reanda India has pledged to maintain the integrity of our audit process. Our professionals are highly sensitized to the need to maintain objectivity and independence.
Moreover, our audits are led by partners who are heavily involved in the engagements and staffed by individuals with the appropriate level of skill and knowledge of our clients' businesses. Each audit also has a suitable level of independent technical oversight.
We recognize the benefits of a planned, proactive approach. In that regard, we identify possible areas of risk that might require special attention. This advance planning also typically results in an efficient audit process.
Get in Touch
201 Gedore House, Nehru Place
New Delhi - 110019
+91 9810050031
+91 9810050831
