Audit & Assurance
Audit & Assurance
At K B A S & Associates, our Audit & Assurance services go beyond meeting statutory reporting requirements. We focus on enhancing the reliability of financial reporting, strengthening internal controls, and adding value through insightful analysis. Our audit approach is designed to provide stakeholders and management with a high level of assurance and actionable recommendations to support effective decision-making.
Our Core Audit & Assurance Offerings:
Internal Audit
- Management-focused review of organizational operations
- Enhancing performance, compliance, and risk management
- Improving accuracy, transparency, and reliability in internal processes
- Strengthening internal controls and promoting operational efficiency
Statutory Audit
- Conducted in accordance with Generally Accepted Accounting Principles (GAAP)
- Ensuring financial statements are free from material misstatements
- Reviewing operational and financial performance
- Assessing the efficiency, economy, and ethics of operations
- Recommending continuous improvement strategies
Forensic Audit
- Detection of conflicts of interest, bribery, and extortion
- Identification of asset misappropriation and accounting fraud
- Prevention of Non-Performing Assets (NPAs)
- Strengthening internal systems to detect and prevent financial misconduct
Goods and Services Tax (GST) Audit
- Management-focused review of organizational operations
- Enhancing performance, compliance, and risk management
- Improving accuracy, transparency, and reliability in internal processes
- Strengthening internal controls and promoting operational efficiency
Concurrent Bank Audit
- Review of loan sanctioning and disbursement processes
- Monitoring cash retention limits and maintenance of bank vouchers
- Identifying potential NPAs early
- Ensuring compliance with RBI and internal bank guidelines
Internal Financial Controls (IFC)
- Evaluation of the design and effectiveness of financial control systems
- Ensuring compliance with regulatory frameworks
- Supporting corporate governance and risk management
