Audit and Assurance
Audit and assurance services form a core part of NDK’s professional practice.
The firm undertakes audit and assurance assignments in accordance with the applicable law, standards and engagement scope. Assignments are planned by considering the nature of the entity, the applicable reporting framework, the sector context and the identified areas of risk.
Services under Audit and Assurance
Audit of financial statements in accordance with the applicable financial reporting framework, Standards on Auditing and relevant legal requirements.
Tax-audit assignments under the Income-tax Act, including review of books, disclosures and reporting under prescribed forms.
Review of processes, internal controls, compliance procedures, transaction cycles and reporting systems as per the agreed scope.
Assessment of operating processes, controls, reporting flow, efficiency and documentation within agreed functional areas.
Fact-based review and analysis of transactions, documents and records where a forensic or investigative assignment is agreed.
Review of compliance with selected statutes, filings, returns, internal policies or regulatory requirements within the agreed scope.
Financial, tax, secretarial and compliance due-diligence assistance for transactions or internal decision-making.
Preparation, review or update of Standard Operating Procedures, accounting manuals and internal-control documentation.
Identification, verification, reconciliation and processing of fixed-assets records, including physical verification and book reconciliation.
Review, design support and implementation assistance for internal financial controls and related documentation.
Review of IT General controls and ancillary support.
Each audit engagement is different. NDK’s audit approach is therefore based on scoping, planning, documentation, review and clear reporting.
The firm encourages early discussion of reporting timelines, data availability, statutory deadlines, management responsibilities and documentation requirements.
