As businesses expand their operations, there is an increased focus on good governance and risk management in order to protect and create value for all stakeholders. A strong risk management policy and a comprehensive compliance framework provide accurate and timely information to the management; thus, adding business value by improving operational decision-making and strategic planning. Alongside, every organisation has various risks that must be assessed and managed in order to meet its goals and objectives in line with the statutory requirement. At KPSA, we assist the management in identifying and assessing gaps with respect to external, internal, regulatory and compliance risks in critical processes. Post our analysis, we also help organisation in designing systems to mitigate the risks identified and monitor the progress, ensuring compliance with applicable laws and regulations. Team @ KPSA is uniquely positioned to help provide comfort and confidence amidst complexity and change. We always enhance our Assurance capabilities/Strengths which ultimately provides comfort and confidence to the management and unlocks additional values, across a broader range of areas.
1) Management Audits: Management audits is one of the core competences of KPSA. We, at KPSA, strongly believe that management audits provide first insights and it is a value addition exercise rather than a mere compliance activity. With the ever-increasing responsibility of the statute on Management and Independent Directors the pressure is currently on Management to form an adequate and robust internal control environment of the Company. Our aim is to provide your company’s management with a clear, comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvements.
2) Forensic Audit: In addition, with increasing risk of frauds in the business world and Insolvency and Bankruptcy Regulations, forensic reviews play an important role in ascertaining of any wrong doing in a business cycle. Its utmost priority for the Management to implement monitoring and responding to potential fraud risks. With access to forensic technology and techniques gained over the years, we employ creative thinking and intelligent software techniques to review trends, analytics and actionable intelligence to the Management to showcase the correct facts and reporting. We conduct forensic analysis of books and records, advanced fraud analytics, digital forensics and e-discovery, and assist clients with interviews and background checks. Whenever required, we also provide oral or written testimony, and serve as monitors and independent reviewers, or as forensic accountants to monitors and independent reviewers.
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