For over 40 years, our specialized team of auditors are entrusted to provide a comprehensive range of Audit & Assurance services to our clients. KPSA has a team which is proficient in the field of Statutory Audits, Tax Audits, other Regulatory Audits, Special Audits, etc. Our goal is to ensure that best audit practices are applied, which presents a true and fair view of financial position and are in accordance with the guidelines issued by the relevant regulatory authorities. We also carry out reviews and provide an impact analysis of reporting under International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind - AS), German GAAP or US GAAP. Various statutes demand extensive disclosures that require detailed analysis of the Financial Statements of the organizations on an independent basis. We, at KPSA, ensure that the Financial Statements are analyzed after proper understanding of the business and market factors affecting the organization. Our audit approach is customized to apply the best practices and accordingly suit the client needs.
1. Statutory Audit & Tax Audit:
We at KPSA ensure that the financial statements audited present a true and fair view of financial position and are in accordance with the guidelines issued by the relevant statute and regulatory authority. We undertake Statutory Audits of Public/Private Limited Companies in the Manufacturing/ Trading/ Service Sectors, IT Companies, Nationalized Banks, Financial Institutions, Non-Banking Finance Companies, Public Sector Undertaking (PSU), Charitable Institutions, NGO, Hotels, Hospitals, Co-operative Societies and other small and medium sized enterprises.
2. Special Audits:
KPSA audit team is experienced in various industry verticals and have worked on various assurance assignments giving them a vide vision of business transactions and processes. A special audit is a tool to cater to specific business requirement for Management assurance, it may consist of a specific business process/ activity, initiated by a Nodal agency, requirement for specific regulatory compliance, etc. examples of such reviews may be compliance reviews, compensation reviews, controls review, technology convergence, etc. At KPSA we strive to provide Management with adequate assurance to their specific review needs.
3. Ind AS & Accounting Advisory Support:
Our team at KPSA is equipped with adequate knowledge and technologies to carry out reviews and provide an impact analysis of reporting under International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind - AS), German GAAP (HGB), US GAAP, etc. We also ensure that basis of accounting and regulatory reporting requirements are adequately met. The common set of generally accepted accounting principles (GAAP), standards and procedures that companies use to compile their financial statements. GAAP is a combination of authoritative standards (set by the policy board) and simply the commonly accepted ways of recording/ reporting accounting information. At KPSA, we have built the expertise needed to conduct Audits as per applicable framework. 4. Certifications:
The team @ KPSA assists in undertaking of certifications required for regulatory compliances and advise on critical issues under various regulations enacted by the Central, State and Local Authorities. We provide a ‘one stop shop’ solution to businesses to manage the complexities of multiple compliances through a single window. We also assist our clientele in maintaining requisite documentation with respect to relevant applicable statutes and various compliances thereunder.
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