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Audit and Assurance

At Parminder Singh & Company, we have a wealth of experience in providing assurance services across various industries and under various statutes. We offer a range of services to help our clients achieve growth and stability, including:

Forensic & Investigative Audits:

At the request of management, private equity funds, or regulators, we undertake investigations to detect fraud, misappropriation of resources, bribery, misconduct, or other financial irregularities. Our experienced and qualified subject matter experts are capable of handling these complex assignments with skill and expertise. Thus, with us, business owners can enjoy a higher rank without the tension of potential threats.

Agreed-Upon Procedures (AUP):

We perform procedures in relation to financial information in line with SRS 4400 issued by the Institute of Chartered Accountants of India (ICAI). Our procedures and tests are clear, clear-cut, and discussed and agreed upon in advance with the parties involved to ensure the factual findings are useful to them. As AUP reports do not express a conclusion they are not technically assurance engagement.

Internal Financial Controls (IFC):

We test the design and operative effectiveness of an organization's process and entity-level controls. We help organizations transition to a process-based approach for financial control compliance, identifying effective ways to reduce effort through better risk assessment, scoping, and the use of technology. Our approach is consultative and collaborative, bringing a deep understanding of our client's industries to the table.

Financial Statements Audit:

We have extensive experience in providing assurance services for financial statements, including statutory and tax audits to ensure that financial statements present a true and fair view of financial positions and operational results following regulatory guidelines. Our audit reports are prepared as per government regulations and the process is IT-enabled, with review and documentation carried out through software. We continuously strive to enhance our knowledge through internal publications, training, and seminars.

Ind-AS, IFRS & US GAAP Advisory:

We advise and assist clients in accounting under various GAAPs, including assistance in implementing changes for convergence, compiling financial statements, and providing staff training and technical consultancy. We proactively monitor new accounting rules and offer assistance with addressing complex accounting or reporting challenges.

Risk Advisory, Internal & Management Audits:

We provide a comprehensive assessment of internal controls, systems, and processes in organizations, recommending areas for improvement. Our audit professionals use a risk-based approach that involves assessing the entity's business and key processes. This helps the entity's risk management function by assuring that risks are being effectively managed, concerning the entity's risk appetite.

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