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SERVICES |
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With a practical approach to service delivery, we respond to clients’ complex business challenges with seamless service across industry and business sectors and national boundaries. We have embarked to extend professional services with meticulous care and efficiency in the areas mentioned hereafter. |
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Management Assurance (Auditing)
Internal Audits & Statutory Audits
Today internal auditing is critical for strong corporate governance, risk management, effective internal control and efficient operations. An analysis to assess the costs and benefits to be derived by the organisation from Internal Audit should address several factors like the structure of the organisation, the degree of autonomy of each operating unit, and your organisation’s overall culture and management philosophy.
An assessment also needs to be made of the control environment within the organisation, and the level of awareness of control issues among both management and employees.
We will help in planning for and resolve all these issues, drawing on our in-depth knowledge of best practice in structuring and organising effective Internal-Audit-function.
Our Approach: |
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- Determining the Audit Committee's and management's requirements and expectations
- Furnishing Top management with analyses, appraisals, and counsel on activities they review
- Monitoring organisational ethics
- Determining the scope of the Internal Audit work
- Developing strategic and annual Internal Audit plans
- Drafting and implementation of Standard operating Procedures (SOP)
- Establishing cost effective accountability and quality control standards
- Regular evaluations of the organisation’s system of control
- Assessing quality, economy and efficiency of operations
- Effective reviews of operational and financial performance
- Continuous improvement strategies
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Quality Control Audits:
Quality Control Audit by SPS is tailored to meet the specific needs of an organisation. It essentially encompasses: |
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- Assessing whether the internal audit focus and planning process reflect the organisation’s needs
- Assessing whether there are clear reporting lines and that whether the structure and status of Internal Audit within the organisation is appropriate
- Reviewing work methodologies to ensure that they comply with relevant standards and current practices
Our review is carried out by way of questionnaires, interviews with the Management and staff, observation and review of the internal audit work. The results are reviewed and the key observations and recommendations are then presented to the Audit Committee. |
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Corporate Governance
Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices, which enable companies to attract financial and human capital performance efficiently and maximise long-term value for shareholders, while respecting the aspect of multiple stakeholders. Corporate governance rests on four pillars viz., transparency, full disclosure, independent monitoring and being fair to all, especially to minority shareholders.
The corporate governance system has taken center stage in India after the issue of SEBI guidelines and amendment of listing agreements of the various stock exchanges in response thereto and amendment to the Companies Act.
Our services include: |
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- Accountability
- Effective Supervision
- Independent verification
- Periodic monitoring through internal audit
- Adequate disclosure and transparency in reports
- Independent audit
- Formation of an independent audit committee for the board
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The prevalent corporate structure, culture and the management ethos of the corporate sector also have an overwhelming influence on the nature of corporate governance.
We at SPS help our clients in the most effective corporate compliance methods in line with the guidelines issued. |
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| Compliance Services |
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Various Statutory Compliances have come to the forefront in India in recent times, with constant amendment to the statutes and the structures of law the adherence to the laws of land has been made more stringent.
In the face of these continuous changes, we at SPS facilitate services that help with the Compliance and Certification issues. SPS provides comprehensive compliance services like: |
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- Advising, settling, resolving and giving opinion on various Company law related issues
- Secretarial Audit
- Facilitation of issuance of secretarial compliance certificate
- Maintenance and Advising on the secretarial records
- Compliances & filings under FEMA (Foreign Exchange Management Act. 1999)
- Compliances & filings under Service Tax & Value Added Tax
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