Attest (audit under various country GAAS and certification services)
Soni Chatrath knows the importance of performing audits efficiently with minimum disruption and our expertise allows us to do this while providing insights that you and your stakeholders can use for accurate reporting. In addition, we help to identify potential risks, plan for transactions and improve the quality of information so that you can make the best decisions for your business.
Our audit approach is pragmatic, relying on a risk-based audit methodology built on extensive planning and client input and is fully supported by the latest technology and tools. Our audit team delivers credibility to your financial statements and reports, assurance to your directors, and insights to your leadership to improve systems while managing risk.
We are committed to delivering highly personalized, technically proficient services to each and every client, in every jurisdiction where they operate. We address matters of specific interest to your management team and identify and resolve issues that may arise early in the process. Our seamless communication channels between your management team and our audit team help us deliver finely detailed audit reports on time and within budget.
Our comprehensive analysis is based on a thorough understanding of your business’s risks on your separate and consolidated financial statements. We develop a tailored audit strategy that balances cost-efficiency and appropriate risk identification, incorporating all relevant national and international auditing standards.
Auditing standards require that we plan and perform audits that provide assurance that your financial statements are free of material misstatements. We draw on our extensive experience to develop and implement a customized audit plan that suits your company. We deliver far more than an auditors’ report on your financial statements. The approach gives your company’s leaders a deep understanding of your systems and reporting, so you can improve performance across the enterprise.
Audit quality – our employees, your potential
We invest in training and development of employees to safeguard the high standards of our audit and related services. Our quality assurance and risk management activities are guided and supplemented by our internal policies.
Our people’s conduct and reporting duties are governed by our independence policy – to ensure that they remain independent when accepting and performing audits and other engagements. We ensure compliance with independence rules prescribed by the Institute of Chartered Accountants of India (ICAI).
Data analytics & Audit tools
We rely on industry-leading data analytics tools like IDEA™ and CapitalIQ™. By taking a deeper view of your operations and providing a comparative analysis of others in your industry, we can more quickly understand what makes you different, and how that helps or hinders your business goals.
Our audit teams are supported by today’s accounting tools, including Thomson Reuters SMART Practice Aids and Caseware. Access to many databases and knowledge portals keeps us current and updated.
These industry-leading tools contain modules and product aids for preparing and documenting the audit plan, risk assessment procedures, evaluation of internal controls, audit procedures and disclosure requirements, as well as planning and performance of compilation and review engagements.
Financial Statement Audit
Financial statement audits play a critical role in creating and maintaining investor confidence while unlocking valuable insights into the business. At Soni Chatrath we are committed to public interest. We believe that it is our duty to challenge assumptions and uncover valuable insights based on a thorough understanding of each client’s business and industry. We utilize apt audit methodologies to stay aligned with the most current requests. Each audit engagement is customized to your needs to help you build trust and confidence through clarity, consistency and transparency. And with Soni Chatrath, you will appreciate the exceptional service with which it is completed.
We specialize in the following services:
- Statutory audits in accordance with relevant local legislation;
- Special purpose and Compliance audit;
- Trust and Societies audits;
- Provident Fund audits;
- Bank and Revenue audits;
- Management and Concurrent audits;