Financial statements hold significant organizational value. However, checking the validity and credibility of diverse accounting strategies and statements is necessary before releasing them for viewing. At IMC, we believe that every company must resort to help from experienced auditors, to analyze business threats and other financial constraints. As audits have become complex and demanding in nature, it is necessary to consider professionals to get hold of qualitative disclosures.
Financial statements are subject to stringent scrutiny. Be it checking the local financial compliance or the scheduling demands of the authorities, financial audits take several aspects into account. In most cases, an audit is usually followed by reporting and detailed assurance, to determine the credibility of the financial statements in play.
Financial audits can also help improve the communication and levels of transparency between the company investors, shareholders, customers, suppliers, banks, and relevant oversight bodies. Besides unitary audits, companies often need to keep track of several financial components by conducting group audits.
In-House auditors are often biased towards particular organizational components. Therefore, it is advisable to opt for independent local auditors for keeping a track of the financial well-being of an organization. At IMC, we make sure that our clientele never has to wait for getting the financial statements audited.
We excel at offering local audit services that are based on statutory norms. IMC also understands the necessity of GAAP conversions and therefore every audit is followed by a detailed assessment of the existing financial framework, concerning an organization.
- Initiating follow-up and subsequent engagements
- Coordination with departmental and external audits
- Liaising with independent and group auditors
- Schedule audits based on organizational timelines
- Financial compliance with the local authorities
- Consulting services where physical support is restricted
- Ability to connect organizations with relevant local auditors
- The willingness to conduct special investigations
At IMC, we also understand that rendering auditing services from the outside isn’t permitted in certain jurisdictions. Therefore, we help the concerned firms connect with services and solutions via unmatched audit support. We have access to local auditing partners who assist the firms when it comes to establishing the credibility of the financial statements.
Our services are tired and tested across diverse organizational frameworks. We ascertain that 5 phases concerning financial auditing. At IMC, we have dedicated professionals for planning the audit workflow, precisely by checking for compliance, company requirements, and the strategies moving ahead.
At IMC, we make sure that:
- Quality services are rendered
- Companies can stand up to the diverse regulatory checks
- Broader approach with tailored solution s
- Agile services are made available, regardless of the sector
We also initiate risk assessment before moving towards the audit strategizing and planning. Based on the disclosures of the records, we gather evidence, which allows companies to understand the genuineness of the financial statements. In the end, we opt for audit finalization where the experienced auditors follow the professional judgment to conclude and draw inferences.
At IMC, we follow control testing and substantive testing for making the audits highly transparent and in sync with the organizational oversight. We make sure that every element of a financial statement is captured and expertise is allotted, according to company requirements.