A financial audit is an investigation conducted by an external and independent third party into a company’s financial statements, with the objective of providing assurance that they are prepared properly and show a “true and fair” position according to the relevant financial reporting framework. The following are the services provide by financial audit company:
1.Compliance
2.Business and system Improvements
3.Detect and prevent fraud
4.Better planning and budgeting
5.Proper examination and continuous suggestion of books of accounts
Contact us to avail the best financial audit services
PKC Management Consulting is the right financial audit company for your business:
PKC Management Consulting , having the greatest team for expertise in business consulting and auditing service can help you get the best financial audit services required for your company:
- Compliance with respect to statutory and legal requirements:
By availing the services of PKC ,100% compliance with GST, TDS, EPF/ESI, IT provisions and hence identifying non-compliance and thereby avoiding interest and penalty
- Prevention and detection of frauds
The core part of a financial audit company is to ensure that there is no pilferage and high quality internal control is established to ensure timely prevention and detection of fraud.
- MIS Reporting
MIS Reporting is one of the key factors which helps to support decision making. Decision making is crucial for improved employee productivity, real time data helps for efficient planning etc.
- Preparation of up to date accounts
PKC’s financial audit services aid in establish compliance along with preparation of qualitative accounts and thereby keeping the accounts error free and helps in real time decision making
- Automation in audit
Integration of tech with audit helps to provide accurate and efficient results and automation allows to improve competition and efficiency is achieved.
- Expertise is our wealth
Our expertise across all industries such as IT, Retail, Manufacturing, Trading, food industry, IT etc. has helped many clients
- Audit for small as well as mid-sized companies
There is a wide gap between audit of small enterprise and large enterprise, hence PKC’s financial audit service is customized in such a way it caters the need for small and medium sized enterprises. Our continuous review engagement helps your business to achieve the required goals.
- Customizable software implementation:
Each business requires separate software that suits all your requirements. Software such as Tally, Zoho Books, SAP, QuickBooks or even customized software.
- Financial Advice to our clients:
Our financial audit team is trained to focus not only on operational aspects but also provide financial advice and tax planning based on the needs and goals of the clients
WHY PKC IS ONE OF THE BEST FINANCIAL AUDIT COMPANY
- Review Engagement
- Accounting and audit compliance
- Complete Handling and focus on core business
- Periodical MIS reports and recommendation for continuous growth
- Tax planning and finalization of accounts
- Rectification of accounting errors
- Research team and dedicated knowledge among members
- Client oriented service
- Customized focus
Frequently Asked Questions (FAQ)
An internal audit is conducted by an organization’s internal audit team, which evaluates the organization’s operations and processes to identify areas of risk, inefficiency, or non-compliance. A financial audit, on the other hand, is conducted by an independent third-party firm that evaluates the organization’s financial statements, accounting records, and internal controls to ensure they are accurate, complete, and comply with accounting standards and regulations.
The pricing policy highly depends on the size of your business and the amount of services to be provided for your business. 90% of our clients gained 10 times ROI on the investment (professional fee) made for the audit services.
Our recommendation is that you take a monthly audit for half a year or a year initially. We streamline your accounts and financial operations during the audit, following which you may consider a quarterly audit.
Time for complete auditing depends upon the size of the company and also on the quality of its booking keeping & financial procedures. On average, Audit involves 2-3 days on-site and 1-2 days offsite
Accounts not being available on real time, wrong profit and loss reporting by your accountant, frequent statutory non compliances and receipt of notices or penalties from tax departments are few of the signs for getting a good financial audit for your company.
