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Audit & Assurance
We at ASKA Associates have a strong professional team of auditors that conduct various types of audits for a company. We have a system of conducting a systematic review and assessment of your company’s financial data to come up with the audit of exact numbers which will give you a clear picture of the workings in your company and the vision that you need to have.
The process of Assurance that we follow is aimed towards increasing the transparency and the quality of the information in order to remove and prevent any discrepancies in your financial data and numbers.
Why Audit & Assurance
Assurance is very necessary to make sure that your company is following all the guidelines, policies and the code of conduct necessary to produce accurate financial representations. Our audits will revoke confidence in your financial statements and give internal and external confidence to all the stakeholders. They help you build the confidence to plan for the growth and focus on key areas according to the time and attention needed.
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Why Audits Required
Various forms of audits are required by corporations and startups. Audit scan range from regulator financial audits to quality and management audits necessary to evaluate the current growth parameters in the company and plan its growth. We also perform operational audits to check whether each and every process required to grow a company is followed within the organisation or not.
Why Internal Audit
Our internal audits are basically Gold mines of data which give you a 360-degree view of the workings in your organisation. Tax and compliance audits are necessary to make sure that your organisation follows each and every government regulation and works within the framework set by the legal and government institutions of the country.
The Process of Auditing
The process of auditing includes extensive testing including substantive and control testing. Substantive testing would include testing samples of data selected randomly to make sure uniformity in the data. Control testing is necessary to decrease the risk of fraud in the company. Usually, we prefer two-step verification processes to make sure no fraud takes place within the organisation.
What we follow
Audit is the first step that we follow and then Assurance comes next. It is necessary for any company to involve external auditors to make sure no bias is present and also Assurance need to be conducted after the audit to get the best results. Audit is basically a process that make sure that no discrepancies exist in data and helps you find any fraud that may be happening within the organisation. Assurance, on the other hand, helps you give the information necessary to improve the quality of work in the company and help you make informed decisions for the future.