We review and evaluate the effectiveness of the organization’s internal controls, corporate governance and accounting processes to improve overall efficiency. Based on the risk assessment, we evaluate the adequacy of existing internal controls and perform checks whether these are appropriately implemented. The processes, risks and controls are documented, recommendations provided for improvement and we stay involved through the implementation. We also have considerable experience in setting up the internal audit organisation for our clients.

MSK & Co. provides management audit services which is vast as compared to a financial review because it not only evaluates finance but also other features of a company. It has an efficiency for assessing management from top to lower level.

Our scope of management audit will involve:

• Calculating the effectiveness of the management - Audit of the entire level of management of a company.
• Execution of principles and policies - Reviewing whether the policies and the principles deployed by the company is effective and successful.
• Locating and examining the differences – This helps to identify the differences in productivity and if the pattern set by the company is not fulfilled.
• Making Suggestions for Improvement - The management audit suggests improvement in areas, e.g. purchase, sale, finance, administration, human resources etc.

At MSK & Co., we conduct audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting, mergers, acquisitions etc.) wherein we closely work with the management in improving overall efficiency. It also involves operations appraisals, control system reviews, project management reviews, cost reduction control programmes, retail management reviews, service function audits, HR functions studies, working capital studies etc. wherever applicable.

MSK & Co. provides financial due diligence/investigation services to our clients.

We have expertise in financial due diligence services that seeks to check whether the financials showcased in the records are accurate or not. Financial due diligence aims to provide a thorough understanding of all the company’s financials, including, but not limited to, audited financial statements for the last three years, recent unaudited financial statements with comparable statements of the last year, the company’s projections and the basis of such projections, capital expenditure plan, schedule of inventory, debtors and creditors, etc.

The financial due diligence process also involves analysis of major customer accounts, fixed and variable cost analysis, analysis of profit margins, and examination of internal control procedures. It additionally examines the company’s order book and sales pipeline in order to create better (more accurate) projections.

We also conduct financial analysis focused on the target company’s debt situation, evaluating both short-term and long-term debt, applicable interest rates, the company’s ability to service its outstanding debt and to secure more financing if needed, along with an overall examination and evaluation of the company’s capital structure.

• Reviewing financial documents to identify inaccuracies
• Analysing financial data and tracing discrepancies
• Forecasting and preventing financial frauds
• Due Diligence
• Fraud Risk Assessment
• Information Security Risk Assessment
• Asset Tracing and misappropriation
• Vendor monitoring
• Litigation Support
• Money laundering Compliance
• Matters related to compliance of Money Laundering Act 2003, this compliance programme includes:
• Compliance regulations
• Designation of a Compliance officer
• Independent Testing
• Training

• Concurrent Audis of Banks and Organizations
• Stock Audi
• Revenue Audit
• Internal Financial Control Audit
• Transfer Pricing Audit
• Information System Audit
• Consultancy and Advice on Preparation of Financials in compliance with International Financial Reporting Standards (IFRS)
• Consultancy and Advice on Preparation of Financials in compliance with Indian Accounting Standards (Ind-AS)
• Limited Review of Financial Statements for special purposes such as for valuations, reporting etc.
• Review of Impairment of assets and preparation of Impairment study
• International Group Reporting and related compliances including consolidation of books of accounts
• Review of Financial Statements - Ensuring financial statements are in accordance with Indian GAAP, US GAAP, J GAAP and IFRS.
• Certification Services under various statutes