Our core competency revolves around Audit. We
have the expertise to handle clients in any industry,
whether as statutory (external) auditors, as outsourced
internal auditors or information systems auditors.
Over the years, we have also developed the capability
to handle large Corporates, both multi-disciplinary
as well as multi-locational.
Statutory (External)
Audits
Our Methodology blends our technical competencies
in International Accounting Practices and Accounting
Standards, and the Indian Companies Act, with
a detailed knowledge of the client, its market
and the industry sector.
The confidence imposed by the Shareholders is
reflected in our client list, which include
some of India's largest Corporates and include
2 Companies in the Top 20 Companies in India
(ranked by Sales - Source: "Business Standard
BS 1000"- December 2002)
We are also Tax Auditors (under the Indian Income
Tax Act) to some leading listed Companies.
We are also active in Regulatory Audits in the
Indian Banking Sector. We have been auditors
to nearly all important Indian and Multinational
Banks on rotation (rotation as per Reserve Bank
of India rules). To find out more about our
services to this sector, kindly visit Banking
and Financial Services Sector.
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Banking and Financial
Services Sector
Our firm has a dedicated business group consisting
of senior professionals who have acquired specialised
expertise in the functioning of the sector alongwith
its regulatory framework.
With the infrastructure of:
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a specialised
business group, |
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a wide network
of branch offices covering the geographical
spread of the country, and |
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functional
experts in the fields such as Taxation,
Foreign Exchange Regulation, Management
Consultancy and Systems Audit, |
The services offered in the Banking and Financial
Services Sector are:
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Regulatory
(External) Audits; |
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Concurrent
Audits; |
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Collateral
Inspections of Borrowers; |
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Monitoring
Assignment on behalf of Banks / Institutions;
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Forensic Investigations
on behalf of Banks / Institutions; |
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Compiling
'India-Specific' Regulatory Compliance Manuals
for Multi-national Banks. |
We have also been called upon by the Reserve
Bank of India to carry out inspections, from
time to time, of Commercial Banks.
We have also acted as Advisors to India's largest
Commercial Bank for the takeover of a Multinational
Bank.
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Internal Audits
We have been in the forefront in offering services
in outsourced Internal Audits. A separate entity,
Sharp & Tannan Associates was established
in 1976 primarily to offer Outsourced Internal
Audit services to clients.
We are a firm proponent of the COSO model and
have been using the risk based approach effectively.
We stress on the value added approach focussed
on Business Processes and in building up a strong
relationship with Audit Committees, by communicating
efficiently and effectively.
To find out more about our approach and methodology
to Internal Audit, kindly contact us.
Our Outsourced Internal Audit client list includes
several Multinational Clients.
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Information
Systems Audits
As the business operations become more complex
and dependent on automated systems and controls,
it is necessary to devote attention and resources
to those systems.
To meet this challenge, Sharp+Tannan maintains
an Information Systems Audit section. The Information
Systems Audit staff receives special training
to enable them to perform audits on general
and application controls under the COBIT framework.
The Information Systems Audit staff is also
a resource for the other assurance services
needed.
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Business Processes
- Design & Documentation Services
We assist our clients in developing and designing
an efficient Chart of Accounts, as well as an
Internal Control Framework.
We have evolved a very efficient methodology
based on the indepth study of business processes
resulting in:
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a decision
support information driven Chart of Accounts;
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an
Internal Control Framework which addresses
control events and tasks for authorisation,
validity, error handling, segregation of
duties and physical safeguard measures.
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We have offered these services to the banking
sector, entertainment industry, cement industry,
engineering companies and ports.
To find out more about this practice area, please
contact us.
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Risk Management Advisory
Services
We have evolved a structured mechanism, which
evaluates risk at each stage of a Company's
Business Cycle.
Our methodology enables an independent view
of all risks, classified in order of priority
for the Management.
An allied service we offer is the development
of a Disaster Recovery / Business Continuity
Plan.
The clients who have benefited from this service
include Multi National Companies and Banks.
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Due Diligence Reviews-Financial
/ Accounting
We assist clients in arriving at an Investment
decision in another entity through our Due Diligence
Reviews covering the Financial and Accounting
angles.
We work closely with the clients legal and technical
consultants to
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assess
the strengths, weaknesses, opportunities
and threats of the target acquisition; |
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support
in arriving at a Fair Value for the business;
and |
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assist
in forming an opinion on the entire transaction.
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