Assurance Audit And Audit Case Study

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ATTESTATION, AUDIT & ASSURANCE OVERVIEW Our Assurance, Audit and Attestation services are aimed at assisting stakeholders. They could either be money lenders or investors. Moreover, these facilities aid the organisations seeking to expand to international financial markets. S K Patodia & Associates offers a panoptic range of services inclusive of compilations, audits and reviews. Such services facilitate an organisation with a deep understanding of the core of business growth. Our audit stratagem stresses on an in-depth comprehension of the clients commercial ideology, human resources and operating systems. Additionally, our audit approach incorporates ideal practices that are customised in accordance with the capacity of an organisation.…show more content…
They are essentially created to plan corrective measure to be undertaken on the audit reports. The outcome of this may then be conveyed to the external auditors. Information Systems Audit This type of audit involves an inspection of a firms IT structure, programme and performance. They are generally classified into three types: • General Controls Review: an assessment of the authorities that oversee the running, upkeep and safeguarding of application systems in a certain milieu. • Application Controls Review: this could incorporate an introspection of authority over the input, processing and production of system material. • System Development Review: this involves an introspection of the progress of a new application system. This includes an assessment of the development procedure as well as the end-product. Integrated…show more content…
We employ personalised and constructive review methods in order to gain an understanding on how to achieve outstanding performance results. Other advantages include a clear insight into the areas that require improvement and enhancing overall performance of the organisation. Revenue Audit This helps in discerning revenue leakages. It could either be due to deficiency of internal control policies, frauds or errors by the personnel. It is generally conducted once or twice year. S K Patodia & Associates possess expert skill in this section in the banking segment of the firm. SOX Audit This is not directly for managing Information Technology. But the main essence is to ensure the transparency behind monetary statements. The main motto behind SOX Audit is to enhance corporate management and liability. It is mandatory for all public companies to company with the SOX Audit. Statutory
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