Risk Advisory Practice works with clients proactively to help them identify and mitigate business and functional risks, optimize costs, build efficiencies in processes by strengthening internal controls and systems.

• Internal Audit
  We perform internal audits to provide an independent and objective review on the functioning of an organization’s systems, processes and controls to management. We identify risks in each business function, perform process walkthroughs, documentation review, data analytics, identifying areas of risk and suggest introduction of relevant controls to improve operational efficiency and minimize risk.
• Standard Operating Procedures (SOP) Development
  We develop and document Standard Operating Procedures (SOP) and Policies for organizational functions based on the facts of the client’s business, their risk profile and management objectives.
• Internal Financial Controls (IFC) Compliance
  We help our clients in complying with IFC requirements for financial reporting as per applicable guidelines of Companies Act 2013.
• Store/ Outlet Audits
  We provide support to our clients in assessing the performance and health of a store/outlet by conducting store/outlet audits based on the parameters agreed with the management. This includes surprise physical verification, store controls review, mystery audits, physical stock count, store performance review, etc.
• Business Revival Support post COVID-19
  
• This supports businesses to implement and monitor new processes, policies and mitigating controls for new emerging risks post COVID situation for business continuity.

With increasingly complex taxation system in India, Business & professional entities have been mandated to get their tax audit done under Income Tax Act & Indirect Tax laws if they cross the turnover threshold provided in the statute. The Tax auditor is required to report if all the provisions of the law have been complied with and that the financial statements prepared are in agreement with the books of accounts. The Tax Authorities rely on the auditor’s report to identify mismatch with the Income Tax Returns filed by you and propose additions. Our goal is to provide you with the following to avoid any possibility of such adverse additions:

• Awareness about the provisions of law,
• Early & periodical health check-ups to identify gaps
• Constructive feedback to improve processes

While you are preparing to enter into investment/M&A transaction, we partner with you to identify and mitigate potential transactional risks, to help you in taking an informed decision and to provide assistance in deal-related challenges. Due Diligence often plays out to be a game-changer in a deal and is thus recommended specially in context of existence of majorly family-owned businesses in India. Due diligence includes a critical review of the target company’s financial statements for the past several years and a review of the financial projections for the coming years.
Our financial, tax & legal due diligence service would assist you in the following ways: Buy side due diligence: Due diligence services that help PE/VC firms in evaluating risks and monetary adjustments before making an investment in a potential target.
Sell-side due diligence /Vendor Assistance: Due diligence services to identify potential impediments during an exit or to address value impacting issues at an early stage, helping clients take corrective action.
Our deliverable in due diligence provides insights on:

• Quality of revenue - Identifying the key business drivers
• Quality of earnings - Ascertaining the sustainability of earnings
• Working capital - Normalising for seasonality and one-off items
• Net debt – Estimating immediate cash outflows
• Contingent liabilities - Summarising the significant exposures
• Tax positions - Assessing the history of claims and risk areas

It is precisely in difficult economic times that preventing and investigating financial crime such as embezzlement, fraud and corruption becomes particularly important. We can assist you to manage risk, investigate alleged misconduct and fraud and measure the financial implications of disputes.
If an instance of unusual financial activity is suspected, our team can conduct forensic investigations, audits, and third party due diligence by leveraging forensic technology to uncover any irregularities, keeping in mind the sensitivity and urgency required. We can assist you in the following:

• Detailed process reviews including review of soft data related to accounting and operations to test for any malpractice or suppression.
• Expense verification including reviews to check for overstatement or fictitious expenditure used to siphon out money or understate revenue.
• Detailed analysis of physical invoices to test their authenticity and correctness.
• Forensic study of email boxes, to understand email culture and check for transfer of information critical to an organization.
• Mystery Audits

Stock and fixed assets is also an area of concern as they hold considerable value and need systematized management. As a large number of companies are operating across the borders through multiple locations and channel partners, it makes asset management a challenge. We aim at delivering focused services to companies to keep their physical assets check intact.