A statutory audit is required by law to report the financial position of a business to the government. At NCC, our team of experts is well versed with the government's regulations for such reporting, and all reports are prepared in strict commensuration with these standards.
INTERNAL AUDIT
Our aim is to provide tailored accounting solutions to ensure your business attains the maximum benefit from the audit process while keeping costs low. Our in-house team at NCC is conversant with all major accounting software and can adjust the procedure as per your needs. Once the process concludes, we provide a detailed report which will help assess potential risks, improve processes, maximise efficiency and subsequently reduce costs.
STOCK AUDIT
With goods travelling across borders, management of stock and raw material becomes both critical and challenging in retail and manufacturing sectors. Our team's years of experience enable us to help you keep physical assets secure and in check, advise on systematic stock management and avoid any overlap of activity.
IFRS/US GAAP
A borderless world requires borderless solutions. Currently, around 100 countries fully adhere to the International Financial Reporting Standards (IFRS) while the financial capital of the world has its own accounting standards known as US GAAP. Our highly trained professionals at NCC have both the resources and the international expertise to conduct audits and formulate reports as per IFRS and US GAAP, as your business may require.
DUE DILIGENCE
By performing due diligence, we at NCC can help ensure that our clients get the best out of their investment. This involves understanding the target's strengths and weaknesses to reduce costs, increase revenue and assess risks, be it local or international. Once the deal is closed, we also provide our clients with a clear post-acquisition agenda to ensure that the full potential of the investment is realised.
BOOKKEEPING
Our bookkeeping services are tailored to ensure that our clients can focus on key management decisions while leaving the handling of day-to-day financial transactions to us. Our dedicated team of professionals is well-versed with a host of accounting software, which again can be adjusted as per your business's requirements and process. Additionally, we regularly advise clients on how to keep costs low by curbing wasteful expenditure.
ACCOUNTING COMPLIANCE AND REPORTING
Preparing accurate records and financial statements as per regulations and filing all the paperwork can be cumbersome, which can distract your staff from daily business activity. At NCC our team is well positioned to prepare accurate financial statements which will be fully compliant with the relevant accounting standards. Post the process, we provide our clients with advisory services to help them understand their business's financial position and take necessary steps for growth.
INTERNAL CONTROLS OVER FINANCIAL REPORTING
The Companies Act 2013 requires the auditor to report on adequacy and effectiveness of internal controls laid down by the organisation relating to financial reporting. At NCC, our team understands the importance of a robust internal control system for setting a strong foundation for the company and enhancing investor confidence. Our team is highly experienced at performing a thorough analysis of internal financial controls in order to ensure compliance with such requirement. In response to increased regulatory focus, we perform an in depth analysis of the major processes, identify risks that the company may be exposed to, highlight gaps and recommend changes in the processes.
