Auditing & AssurancesProcess and documentation is the key to the quality of service. We intend to follow a manual for every assignment and the same is designed on the basis of:
a. The needs of the Client
b. The scope of work
c. The statutory requirements
d. The level risk involved in the assignment
e. Specific matters generating during the course of assignment
Compliance Audit
There are a number of compliances which are taken up by organizations under various statutes. These compliances form part of the regulatory framework mandated upon the organizations. Since the compliances have grown in number and are required under different statutes, a number of organizations delegate the responsibility to professional firms having expertise and knowledge in the domain.
Connect Soul is committed to providing quality services and provides complete solutions to clients in the area. We even give our clients periodic reminders for the dates of compliance in sufficient time so that the clients can adhere to the timelines.
Internal Audit
Internal Audit is a process made to protect the interest of various stakeholders. Although sometimes, Internal Audit is governed by a statute also but most of the times it is done to check the compliance of the functioning and improvement Internal Control Systems and procedures. Generally the Internal Audit process goes along with the routine functioning of the organization. It is blended with the routine operations of the organization and is a regular function.
However, the exact scope and functioning of the Internal Audit is decided in consultation with the requirements of the client. This process inculcates a detailed review of the functioning of the organization and its routine procedures in accordance with the organizational policies framed for the purpose.
At Connect Soul, emphasis is given to the interest of the stakeholders and the scope behind carrying out the audit. We prepare a detailed manual of the assignment for executing the work.
Stock Audit
Stock Audits form an integral part of the financial system and liquid credits. With the function of stock audit in place, it becomes easy to ascertain the assets under business and to secure better financial position in front of the funding institution. Also, the system of stock audit helps as a tool to effectively analyze the position of the assets kept at different locations. The management is able to analyze and strategize with the actual position of the assets under possession.
Connect Soul has developed a specified system of conducting stock audits and train the staff accordingly to deliver the accurate results as per specific requirements of the clients.
IT & EDP Audit
Under IT & EDP audit entities will check their IT system and EDP department from external expert.
Performance Audit
Performance audit means an independent examination of a program, function or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving efficiency, effectiveness in the employment of available resources. i.e. organization have utilize their recourses on optimum basis.