Audit and Assurance – SRDNA & Co LLP

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Audit and Assurance

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Audit and Assurance

For more than a decade, our dedicated group of accountants has been relied upon to offer a wide array of services including Assurance & Taxation and Corporate Guidance to our clients across India and internationally. SRDNA maintains a pool of professionally certified and experienced personnel, who are further upgraded through specialized training in various fields, to contribute to the value of the organization. Litigation Support Legal Reviews are carried out to document the condition of a company’s financial and accounting records as per government mandates. At SRDNA, we have a distinguished group of certified auditors appointed for these reviews. The reports we generate adhere meticulously to the guidelines set forth by the relevant governmental bodies. Investigation/ Forensic Audit A thorough review and analysis of an organization’s or a person’s financial records for the purpose of providing proof in a legal setting. At SRDNA, we conduct financial inquiries into fraudulent activities, bribery, and corruption, concentrating on scrutinizing the financial activities, accounting discrepancies, and legal and adherence matters on behalf of various entities, including governments, municipal authorities, non-governmental organizations, private equity entities, corporations serving HNIs or specific sectors. Our experts, who are highly skilled and certified in their respective fields, adeptly manage these matters.

International Financial Reporting Standards (IFRS)

Indian Accounting Standards (IND-AS) are a set of converged standards aimed at aligning India’s accounting practices with globally recognized standards. These standards have been adopted by the country and mandated for certain companies, marking a significant step towards global convergence in financial reporting. Currently, IND-AS is recognized as a pivotal initiative in the realm of financial reporting standards on the international stage. It is supported by approximately 120 nations and reporting jurisdictions, which either permit or require the use of IND-AS for domestic listed companies. Furthermore, over 90 countries have fully embraced IND-AS as promulgated by the International Accounting Standards Board (IASB), incorporating a statement of conformity into their audit reports. Our team is equipped with the necessary qualifications and training to facilitate the convergence of businesses towards these standards, ensuring a balance between achieving short-term objectives and long-term strategic goals. Financial Due Diligence The financial due diligence process stands as one of the most vital components of any transaction. SRDNA possesses both the expertise and an established track record in this domain. Our objective is to empower entrepreneurs and decision-makers to make informed investment decisions with considerable confidence throughout each stage. We are committed to mitigating the risks and potential pitfalls associated with investing domestically and internationally. Stock Audit: An Area of Expertise and Core Competence At SRDNA, we are dedicated to offering unparalleled Internal Audit Services, a testament to our extensive network and nationwide presence. The management of stocks and physical assets, including raw materials, represents essential real assets that demand systematic oversight. Given the prevalent trend among numerous corporations to expand across international borders and manage multiple locations alongside various channel partners, the challenges associated with asset management only intensify. Our goal is to provide specialized services to businesses, ensuring the meticulous maintenance of their physical assets. Generally Accepted Accounting Principles (US GAAP) These are the universally recognized accounting principles, standards, and procedures that enterprises utilize for the preparation of their financial statements. GAAP represents a blend of authoritative standards established by regulatory bodies, as well as the widely accepted methodologies for the documentation and reporting of accounting information. At SRDNA, we have acquired the requisite expertise to carry out audits in accordance with US GAAP.
Our commitment is to exceed expectations, foster long-term relationships and contribute to our client’s success through unwavering dedication and professional excellence.

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