Audit and Assurance services
We provide a range of assurance and business services inclusive of compilations, audits and reviews to a diverse client base ranging from small businesses & start-ups to substantial international groups and development sector.Such services facilitate an organisation with a deep understanding of the core of business growth.
S.P.S’s competent team is well suited for providing the following services.
Statutory audit, also known as financial audit, is one of the main types of audit which is to be done as per the statutes applicable to the entity. Its primary purpose is to gather all relevant information so that the auditor can give his opinion on the true and fair view of the company’s financial position as on the balance sheet date.
Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection
Concurrent audit is a systematic and timely examination of financial transactions on a regular basis to ensure accuracy, authenticity, compliance with procedures and guidelines. The emphasis under concurrent audit is not on test checking but on substantial checking of transactions.
A forensic audit is an analysis and review of the financial records of a company or person to extract facts, which can be used in a court of law. Forensic auditing is a speciality in the accounting industry, and most major accounting firms have a department forensic auditing. Forensic audits include the experience in accounting and auditing practices as well as expert knowledge of forensic audit’s legal framework.
Stock audit or inventory audit is a term that refers to physical verification of a company or institution’s inventory assets. Every business organization needs to perform an audit once a year to update and ensure that the physical stock and the computed stock match.
A Revenue audit is an examination of the information and figures shown by a taxpayer in their tax returns against those shown in their business records