Delve deeper than financial metrics. Foster trust to drive meaningful progress.
Evaluating the effectiveness of internal controls over financial reporting. Providing recommendations for improving internal controls.
Identifying and addressing fraudulent financial activities. Ensuring transparency in financial reporting.
Guidance on the adoption of new accounting standards. Assistance in financial reporting and disclosures.
Helping companies prepare for statutory or regulatory audits. Reviewing books of accounts, trial balances, and financial records in advance.
Auditing group-level financial statements, including subsidiaries and joint ventures. Verifying inter-company transactions and balances.
Auditing specific financial statements prepared for lenders, investors, or regulators. Tailored to unique reporting requirements.
Focusing on high-risk areas in financial reporting. Identifying and mitigating potential risks of material misstatements.
Ensuring financial statements adhere to accounting frameworks like IFRS, GAAP, or Ind-AS. Reviewing financial policies and disclosures for compliance.
FAQs
Why is a Financial Statements Audit important?
It ensures transparency, builds stakeholder confidence, identifies financial risks, and fulfills statutory and regulatory requirements.
Is a Financial Statements Audit mandatory for all businesses?
Not all businesses are required to undergo a Financial Statements Audit. At A V Khandelwal Wadhva & Co., we help you determine whether your organization needs an audit based on regulatory requirements and the nature of your business.
How long does the audit process take?
The duration of the audit depends on the complexity of your financials and the size of your organization. A V Khandelwal Wadhva & Co. ensures efficient planning and execution to complete the audit within the agreed timeline without compromising quality.
What documents are required for a Financial Statements Audit?
You will need to provide financial records, trial balances, bank statements, invoices, ledger accounts, and other relevant documents. A V Khandelwal Wadhva & Co. provides a checklist to ensure you have all the necessary information prepared for a seamless audit process.
What is the outcome of a Financial Statements Audit?
A V Khandelwal Wadhva & Co. will issue an audit report stating the auditor’s opinion, which may be unqualified (clean), qualified, adverse, or a disclaimer based on the findings.