Audit and Assurance
Offerings:
- Accounting supervision
- Statutory audits
- Internal audits
- Special audits
- Tax audits
- Forensic audits
- Investigation audits
- Audit and Accounting Supervision
Morison Menon Chartered Accountant Partners is a professional services firm that contributes to the success of its clients by creating value and confidence, allowing them to move forward confidently in the new economy. With the rapid globalisation of markets, the emergence of Free Trade Zones and the vast opportunities by the expanded common markets, we offer the expertise, advice and contacts required. The success of a business venture is directly linked to maintaining the confidence of its stakeholders, viz, shareholders, lenders, customers, suppliers, regulators, and society in general. Earning an independent assurance report from Morison Menon Chartered Accountants Partners’ is one of the actions a company can take to earn trust with stakeholders. A globally tested methodology, fine-tuned to local business environment ensures thorough quality controls on each and every client engagement. Our commitment towards upgrading internal knowledge support technology for our audit professionals allow us to be abreast with the latest tools & knowledge to deliver quality services to our clients. Ethical standards and professional integrity form the backbone of our service.
Methodology:
Statutory Audit:
- We ensure that your financial statements are prepared as per international accounting standards
- We examine and attest your company’s financial statements
- We analyse your performance and provide you with Management Reports
- We evaluate and report on the internal controls
- We provide assurance to the shareholders regarding the performance of the company
- We provide assurance to your lenders regarding the health of the business
- We provide assurance to the regulators
Internal Audits:
- We ensure that your financial statements are prepared as per international accounting standards
- We analyse, in depth, the internal controls and accounting policies
- We provide regular reports on on-going performance of the company
- We verify transactions and report compliance with respect to the company’s policies & procedures
- We ensure early detection of fraud and mitigate its effect on the business
- We facilitate preparation of risk register for the organization
- We help organisations to conduct csa (continuous self assessments)
- We help organisations assess the efficacy of their risk mitigation measures
- We help organisations assess the residual risk
- We help organisations to manage their people, systems and environment risks
Special Audits
- We conduct the audit to provide you assurance on the special purpose assignments
- We provide services tuned to the scope of the engagement
- We deploy purpose designed audit plans to deliver the desired output
Tax Audits
- We conduct the audits to enable us certify your accounts for tax purposes
- We help you comply with requirements of tax law and regulations
- We provide you the certifications required for the tax return filing
Forensic Audit
- We can help you build up accounting evidences for court cases and disciplinary actions
- We can document the legal evidences
- We can assist your legal consul with required documentation requirements
- We can trace the trail of transactions and help you support your case
Investigation audit
- We can analyse the events, circumstances and situations to identify existence of undesirable outcomes
- We can help you detect frauds, embezzlements
- We can help you detect misuse or mis appropriation of assets
- We can support you through inquiry, analysis and investigations