Understanding the environment of business in which Private & Closely Held entities work, the objectives of operations, setup method & style and hierarchies involved, we provide exceptional value addition to business units while conducting the auditing & assurance activities with a focus to identify design & reporting gaps in the organization and provide schemas that adapt to the said structures thereby maximizing the underlying objectives.
STATUTORY AUDIT
Statutory Audits are conducted by our expert team using audit techniques that have been derived from experience of 38 years as well as technology. Our audits are done in various environments such as multi-geographic entities to multi-company groups and our experience ranges from all sectors of the economy including Manufacturing, Entertainment, Medical, Gems & Jewellery, Pharma, Chemicals, Automobiles, Educational Institutes, Hospitality Industry, FMCG, Retail Chains to name a few.
Our team composition consists of an Industry Expert, Experienced CAs with relevant team along with audit techniques & software designed to adapt to the auditees environment, we add value to our clients alongside our audit procedures.
Having worked with some of the largest public companies in India, we have a robust system of assurance activities equipped with team & analytics to undertake the assurance functions of some of the most complex business units wherein we maintain utmost confidentiality of data and use international audit & practice management soft wares.
We are currently working with some of the most reputed educational institutions & hospitals in the country and have helped such entities reconcile records, create MIS Systems such that help the board gain insight into critical parameters & ratios remotely thereby granting them absolute hand-on experience with the routine functioning, finances & systems. Through the Firms experience with various institutions, we have developed a tool for the Board to have hands-on control over the payroll management, attendance recording & processing of payments thereof.
Charitable Trusts & Public Trusts operate with a specific objective and agenda. While assurance is carried out within the framework of the applicable laws, our audit procedures also cover the aspect of the trust being put into action. We are working with International NGOs, Projects funded by International Government in alliance with NGOs in India as well as standalone entities in India having domestic & foreign grants.
Banking forms the spine of the financial system of any country. Banks play a very important part in the same. We are working with Banks & NBFCs in the field of Payment Systems Assurance, Forensic Audits & Investigations, Concurrent Audits, Branch Audits and Statutory Audits etc.
INTERNAL AUDIT
- We undertake Internal Audits wherein we are strong on compliance of the gaps identified, therein helping organizations grow in reality, rather than just on paper.
- Internal Audit is a process made to protect the interest of various stakeholders. Although sometimes, Internal Audit is governed by a statute also but most of the times it is done to check the compliance of the functioning and improvement Internal Control Systems and procedures. Generally the Internal Audit process goes along with the routine functioning of the organization. It is blended with the routine operations of the organization and is a regular function.
- However, the exact scope and functioning of the Internal Audit is decided in consultation with the requirements of the client. This process inculcates a detailed review of the functioning of the organization and its routine procedures in accordance with the organizational policies framed for the purpose.
STOCK AUDIT
- Stock Audits involving specialized skill set or where the business entity entails a complex structure, SPARKS & Co. team is the best fit.
- Having immense experience within the firm and with enrolled subject experts, no task is unachievable for the firm.
- We have designed a unique system of conducting stock audits and has specialized team to deliver the accurate results as per specific requirements of the clients.
HR AUDIT
- HR Audit is a key to any organizations maintenance of standardized operations as well as its growth trajectory. We utilizes key tools to deliver effective & measurable results while undertaking a HR Audit.
SPECIAL PURPOSE AUDIT
- Our audit team is experienced in various industry verticals and have worked on various assurance assignments giving them a vide vision of business transactions and processes. A special audit is a tool to cater to specific business requirement for Management assurance, it may consist of a specific business process/ activity, initiated by a Nodal agency, requirement for specific regulatory compliance, etc. examples of such reviews may be compliance reviews, compensation reviews, controls review, technology convergence, etc.