Audit & Assurance

Audit and Assurance are both essential aspects of evaluating the financial health and credibility of an organization. However, they serve slightly different purposes. Here’s an overview of both:

Audit

An audit is an independent examination of financial information and records of an entity. It aims to ensure the accuracy, reliability, and compliance of financial statements with established accounting standards and regulations. Audits are conducted by external or internal auditors and can be required by law, especially for publicly listed companies.

Types of Audits:

Internal Audit: Conducted by internal employees or departments to assess the efficiency of processes, risk management, and internal controls.
External Audit: Performed by independent auditors to verify that financial statements provide a true and fair view of the organization’s financial status.
Statutory Audit: Mandatory by law for certain entities, such as public companies, to meet legal and regulatory requirements.
Forensic Audit: Conducted to detect fraud, embezzlement, or any illegal financial activities.

Audit and Assurance Service Page Description

“Trust and drive financial clarity – CGCA’s Audit and Assurance service goes beyond simple compliance. We really really delve into your numbers, providing invaluable insight that supports strategic decisions in driving growth sustainably. We are not just talking about numbers, but about pulse management in managing your business, coupled with transparency to the confidence of your stakeholders.”

Page Content Summary

Introduction: Elevate Your Business with CGCA’s Audit and Assurance Services

“In this rapidly changing business landscape, an audit is no longer a compliance but rather an opportunity. CGCA’s Audit and Assurance services are for you to acquire more than the check of your financials. We will turn numbers into actionable insights to allow you to make better-informed decisions, optimize performance, and create a basis for trust with stakeholders.”

Our Audit and Assurance Services

Statutory Audit: “Stay compliant while gaining precious insights into your financial health. Our statutory audits go beyond regulatory compliance, providing an intensive review of the financial integrity and performance of your business.”

Internal Audit: “Transform your internal audit into a strategic asset. Our risk-focused internal audits assess the efficiency of your internal controls, operational processes, and risk management frameworks, so you are not only compliant but also operationally sound.”

Tax Audit: “Simplify the complexity of tax compliance with our expert tax audits. We examine your tax records to ensure compliance with tax regulations, optimize tax positions and produce detailed reports for a seamless filling process.”

Management Audit: “Get that 360-degree review of your business’s efficiency with our management audits. We examine your operational strategies, financial policies, and management practices to make strengths, weaknesses, and opportunities for growth known.”

Special Audits and Investigations: “For those unique circumstances-from due diligence for mergers and acquisitions to fraud investigations-our team conducts special audits to uncover hidden insights and present a clear picture in the capacity of certified forensic accounting and audit experts.”