Audit & Assurance

AUDIT & ASSURANCE

A corporate’s journey to success is governed by increasingly complex and broadening regulatory requirements. We can assist you meet these demands by providing a timely and constructive challenge to management, a robust and clear perspective to audit committees, and transparent information to your stakeholders and investors.

 

As a Company, we have expert knowledge and extensive experience to help with complex reporting issues involving IND-AS, IAS, US-GAAP and IFRS.

 

We provide the following audit & assurance services:

Accounting Compliance and Reporting– We provide accounting and auditing guidance which constitutes valuable insights for audit committees, chief financial officers, controllers, financial reporting groups, and internal audit directors.

 

Statutory Audit – Expressing an opinion on the true and fairness of financial statements of the company as required under the statute, accounting standards and guidelines issued by the regulator.

 

Tax Audit – Auditing the financial statements of an eligible entity in accordance with the provisions of the Income tax laws of India and providing disclosures through specified formats.

 

Internal Audit Service– In the advent of Companies Act 2013, it has become mandatory for various class or classes of companies to appoint an internal auditor. We provide internal audit services adding considerable value to our clients by way of providing recommendations for process improvements.

 

Management Audit – Audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting etc.) wherein we handhold the management in improving the overall efficiency.

 

Financial Advisory Services– We can assist you anticipate the impact of key business decisions on your accounting and financial reporting. We have a multidisciplinary team of accounting, tax, and IT professionals with deep, sector-specific experience in managing the implementation of accounting changes, ranging from a single accounting standard to the full project planning.

 

IFRS

Lebenco provides comprehensive and supported solutions for the seamless transition to IFRS and assist in appropriate treatment and disclosures under IFRS. We work closely with our clients and devise and implement appropriate methodology and transition structure suited to the individual requirements of our clients. A qualified and experienced team, solution oriented approach and prompt access to technical experts is the strengthening pillars for successful execution of our projects.

 

The services include assisting our clients in identifying specific conversion requirements based on a detailed analysis and assessment of the business model and existing financial reporting requirements, design and planning, impact on various financial parameters and consequent implementation of the new reporting requirements.

 

The Company also carries out an independent post implementation review to assist the management in a proactive assessment of the impact on the business and financial models with respect to the fundamental issues and disclosure norms under IFRS.

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