Our Assurance practice provides high quality, independent audit services that transcends beyond conventional financial reporting. We invest time and effort to understand the client’s business, its needs, the key drivers, risks and opportunities. A comprehensive second partner review of audit engagement helps to assure the client of the business scenario. Refined over years, we deploy robust audit methodologies and leverage decades of insightful experience & expertise. Our people are highly skilled and trained to understand the nuances of the business and handle complexities. We invest in our people & have executed training development programmes to enable them to stay abreast of key issues, global trends & best practices and latest technical updates (Accounting Standards or Government Notifications). Our independent opinions, strong competency, value addition approach and partnership philosophy makes us highly respected by our clientele.
Statutory Audits are conducted to report the state of a company's finances and accounts to regulatory bodies. At SNSK, a highly skilled team of qualified auditors is entrusted with performing these audits. The audit reports are meticulously prepared in strict adherence to the rules and regulations established by government agencies.
The financial due diligence process is a critical component of any transaction. SNSK possesses expertise and a proven track record in this domain. Our goal is to empower entrepreneurs and decision-makers to make informed investment decisions confidently at every stage. We strive to mitigate risks and identify potential investment pitfalls both domestically and internationally.
A comprehensive review and analysis of financial information for potential use as evidence in legal proceedings. At SNSK, we specialize in conducting financial investigations related to misconduct, bribery, and corruption. Our primary focus is on assessing financial transactions, accounting irregularities, and regulatory compliance issues on behalf of a wide range of clients, including publicly traded companies, private equity firms, government agencies, municipalities, NGOs, and high-net-worth individuals. Our team of highly trained and qualified subject matter experts adeptly handles these complex issues with exceptional proficiency.
Stock Audit is a specialized area of expertise and core competency for SNSK. We are dedicated to providing unparalleled Internal Audit Services leveraging our extensive all-India network. Stocks and physical assets, including raw materials, are crucial real assets requiring systematic management. With numerous companies operating across borders and through multiple locations and channel partners, effective asset management poses a significant challenge. Our goal is to deliver targeted services to companies to ensure meticulous oversight of their physical asset inventory.
IND-AS, short for Indian Accounting Standards, represents the convergence of standards with IFRS (International Financial Reporting Standards) to align India with globally accepted norms. These standards were adopted and made mandatory for select companies in the country.
Currently, IND-AS is one of the most significant initiatives in global financial reporting standards. Around 120 nations and reporting jurisdictions permit or require IND-AS for domestic listed companies, with over 90 countries fully conforming to IND-AS as outlined by the International Accounting Standards Board (IASB). These countries include a statement acknowledging their conformity in audit reports.
We have a team of qualified and trained professionals ready to assist with IND-AS convergence, ensuring businesses achieve both short-term and long-term objectives effectively.
The common set of generally accepted accounting principles, standards, and procedures that companies use to compile their financial statements. GAAP is a combination of authoritative standards set by policy boards and widely accepted practices for recording and reporting accounting information. At SNSK, we have developed the expertise required to conduct audits in accordance with US GAAP.