Audit and Assurance
Audit & Assurance Services in Kolkata
The foundation of our company’s professional activity is audit and assurance, which reflects our steadfast dedication to openness, truthfulness, and confidence. We offer a full range of services to clients of all sizes and in a variety of industries, including as risk assessments, management assurance, internal audits, and statutory audits.Our staff have extensive technical knowledge of both Indian regulatory requirements and international reporting standards including US GAAP, IFRS, and Ind-AS, which guarantees that financial statements always represent true and fair value.
Through our audits, we aim to generate genuine commercial value in addition to compliance. We find process improvements, fortify internal controls, and improve governance structures by combining data analytics, AI-based insights, and industry-specific knowledge.
The Audit and Assurance Division of VMSM & Co., includes these essential services:
- Indian Accounting Standards (INDAS)
- Independent Financial Statement Audits
- IFRS/ US GAAP Conversions
- Restatement of Financial Accounts/ Statements
- Certification of Accounts under US GAAPS, IFRS, Other International GAAPs
- Accounting Certification under various Governing Statutes
1. INDIAN ACCOUNTING STANDARDS (IND AS)
For Ind AS compliance, we provide thorough implementation and consultancy services. While maintaining compliance with legal standards, our team helps businesses move away from current accounting systems. Accurate financial information identification, measurement, and disclosure are our main priorities. Our method improves financial reporting quality, comparability, and transparency. Support is offered continuously to deal with changing Ind AS interpretations and modifications.
2. INDEPENDENT FINANCIAL STATEMENT AUDITS
The accuracy and fairness of financial accounts are objectively guaranteed by our independent audit services. We carry out audits in compliance with relevant regulatory requirements and auditing standards. The detection of significant misstatements and control gaps is guaranteed by our risk-based audit methodology. We place a strong emphasis on internal control efficacy, governance, and compliance. Increased regulatory credibility and stakeholder confidence are the results.
3. IFRS/ US GAAP CONVERSIONS
For international reporting needs, we help businesses convert their financial statements to US GAAP or IFRS. Gap analysis, effect assessment, and conversion modifications are among the services we offer. We make sure that all accounting disclosures and policies are consistent. During transformation, our methodical approach reduces operational interruption. Financial reporting that is compliant, comparable, and widely recognized is the result.
4. RESTATEMENT OF FINANCIAL ACCONTS/ STATEMENTS
We assist companies with restating their financial accounts because of mistakes, policy modifications, or legal requirements. To find and fix errors, our staff conduct thorough analysis. We guarantee adherence to relevant disclosure regulations and accounting standards. Stakeholder communication and clear documentation are prioritized. This procedure aids in the restoration of financial reporting accuracy, openness, and credibility.
5. CERTIFICATION OF ACCOUTS UNDER US GAAAP, IFRS & OTHER INTERNATION GAAPs
Financial statements generated using IFRS, US GAAP, and other international accounting systems are professionally certified by us. Our certificates attest to adherence to relevant reporting requirements and standards. Global regulatory requirements and cross-border transactions are supported by us. The procedure improves the acceptability and dependability of financial data. Our services are customized to meet the needs of lenders, investors, and legal requirements.
6. ACCOUNTING CERTIFICATION UNDER VARIOUS GOVERNING STATUTES
As mandated by numerous governing regulations and regulatory bodies, we provide accounting certification services. Accuracy, legal compliance, and conformity to established forms are guaranteed by our work. We help businesses fulfill their filing, reporting, and legal requirements. Our certifications are administered independently and with professional diligence. This promotes regulatory trust and efficient governance.