Auditing and Accounting Services
External/ Statutory Audit
At ARQAM, we understand that our clients want more than just numbers from an audit. We view ourselves as business advisors who will answer questions and be a responsive resource throughout the year, not just during the audit period. We approach an audit as a mutually beneficial process that achieves client business goals by setting the tone for ethical business conduct and providing objective guidance on the effectiveness of business activities. We, of course, audit to full compliance with all applicable auditing standards, and use the latest technology for everything from sample selection to storage of working papers.
Comprehensive Financial Audit Capabilities
Our Service includes :
• ► Audit, review and compilation of financial statements.
• ► Internal control evaluations and risk assessments.
• ► Due diligence support for mergers, acquisitions and other transactions.
• ► Process audits of information technology and data security.
• ► Agreed-upon procedures.
• ► Financial advisory services.
Our risk based approach backed by systematic and scientific data analytical tools assures the wide look up on to the accounting and auditing standards and other legal requirements and considerations.
Includes Audit of:
• ► Development sector (NGOs/ INGOs)
• ► Hospitality sector
• ► Electricity sector
• ► Banking and Financial Institutional Sector
Internal Audit
Our internal audit methodology drives us to analyze organizational risk and focuses internal audit efforts on key processes and systems. It employs a scalable, top-down, risk-based approach designed to drive value by delivering efficient and effective audits that are directly tied to strategic objectives. Each audit is customized to the size of the organization and the specific risks that threaten the achievement of the organizational goals.
Our risk model is designed to develop an audit universe, each ranked by the impact and likelihood of the risks that may prohibit an organization from accomplishing its objectives. Once the risks have been identified and evaluated, we develop a customized, tailored internal audit plan that meets the organization’s needs. This plan assists with managing strategic, operational, compliance and technology risks, while understanding their impact on critical business processes.
Our internal audit solutions are designed to aid management, the audit committee and board of directors in better understanding and monitoring the performance of its core operations and support functions.
Outsourcing Solution
Maintaining an in-house internal audit activity may not make sense for all organizations. Our professionals can function as a fully operating internal audit department that independently and objectively reports to an organization’s board responsible for corporate governance. Our team can efficiently and effectively perform an internal audit, which provides significant insight into core processes and allows focus on day-to-day operations.
Co-Sourcing Solution (Service through secondment)
To adequately address organizational risk, Chief Audit Executives and Internal Audit Directors may require resources with significant technical expertise to execute their audit plan. ARQAM’s internal audit solutions are designed specifically to meet the needs of clients.
Financial Reporting Advisory
Financial statements are the ultimate report card of a company’s fiscal performance. They enable owners and managers to pursue their business objectives, whether they are raising capital, acquisition, divestiture or restructure. Therefore, every business activity, through the company’s lifecycle, impacts the financial statements and hence needs to be carefully examined and analysed.
Arqam consists of group of expert professionals who have significant hands-on experience in providing end-to-end solutions and support services relating to complex financial requirements in a wide range of scenarios.
Our Service Includes:
1. Assist in implementation of New standard.
2. Financial statement preparation.
3. Transaction accounting.
4. Implementation of Accounting system and related advisory services.