Statutory Audits are conducted to report the state of company’s financials and accounts to the stake holders. The audit report are prepared strictly in accordance with the rules and regulations defined by the Government agencies.
The financial due diligence process is one of the most crucial part of any transaction.We hold an expertise in this area. Our aim is to enable entrepreneurs and decision makers to make sound investment decisions with great confidence at every stage. We aim at eliminating the risk and potential flaws of investing at domestic and international locations.
An examination and evaluation of a firm’s or an individual’s financial information for the use as an evidence in the court of law. We undertake financial investigations of misconduct, bribery and corruption; with the main focus on assessing the financial transactions, accounting irregularities, and regulatory and compliance issues on behalf of our Clients. Our well trained and qualified subject matter experts handle such issues with great proficiency.
The common set of generally accepted accounting principles, standards and procedures that companies use to compile their financial statements. GAAP is a combination of authoritative standards (set by the policy board) and simply the commonly accepted ways of recording/ reporting accounting information. At Magsat Consultants LLP, we have accumulated the expertise needed to conduct US GAAP Audits.
IFRS at present can be viewed as the most important initiative in the financial reporting standards at the global podium. Approximately 120 nations and reporting jurisdictions permits/ requires IFRS for domestic listed companies, while over 90 countries have fully conformed to IFRS as promulgated by the International Accounting Standards Board (IASB) and include a statement acknowledging such conformity in their audit reports. We have qualified and trained resources to assist in IFRS convergence, balancing both, the short term and the long term objectives of the businesses.
Stocks and physical assets such as raw materials are critical real assets and needs systematized management. As a large number of companies are operating across the borders through multiple locations and channel partners, making asset management a challenge. We aim at delivering focused services to companies to keep their physical assets check intact.