What are the types of internal audits?

Internal audits can include operational audits, compliance audits, financial audits, forensic audits, IT audits, and environmental audits.

What are the key standards in internal audits?

The key standards include independence, objectivity, proficiency, quality assurance, and communication.

What is the risk-based approach in internal audits?

The risk-based approach prioritizes auditing high-risk areas within an organization to focus resources where they are needed most.

What are the 5 C's of internal audit?

The 5 C's are Control, Compliance, Cost, Consistency, and Communication, which are critical for a successful audit process.

How does an internal audit help in risk management?

Internal audits help identify and mitigate risks by ensuring that internal controls are effective and that the company complies with laws and regulations.

Accounting Advisory Services | Business Advisory

Accounting and Assurance Advisory

Strengthening transparency of your company by simplifying numbers with our Accounting and Assurance Advisory.

Companies today struggle with the evolving technology, stringent regulations, transformation, competition and the rapid changes propelled by globalization. While globalization has increased the business opportunities, it has also brought more exposure to risk and is constantly reshaping the audit landscape and its needs. To address this, we have a high-powered team of professionals to help you identify weaknesses and provide remedies.

Our accounting and assurance services team applies a disciplined and consistent methodology for major business decisions and financial & non-financial information. We manage, change and safeguard compliance for our clients through auditing and assurance accounting. With consistent support for remediating issues, we ensure efficiency and quality of your accounting functions.

Our professional service warrants that the financial reporting is driven by commercially astute developments, effectiveness and improved operations to establish a pragmatic business approach.

The assurance services by Felix Advisory are designed to help your management to set control systems, identify shortcomings and get finance & accounting insights through continuous monitoring. We help management to focus on business and leave the statutory compliances, accounting, and financial reporting to be managed by our professional team.

Advantages of Felix’s Accounting and Assurance Advisory Services

Quality Assurance

Our financial experts follow global best practices while providing accounting transformation, statutory audit* and forensic services.

Sustainability

We add credibility to our client’s published information to strengthens trust and transparency.

Risk Mitigation

We ensure efficient management for smooth business running with proper internal checks and controls for our clients.

What do we do?

We offer a gamut of services including:

Assurance and Audit Services

Statutory Audits and Reviews of Financial Statements
Internal / Management Audits
Audits Under Direct and Indirect Taxes
Stock Audits
Special Investigative Audit Services
System Audit
Fraud Investigation and Dispute Settlement
Certification Services
SOX Attestation
Agreed Upon Procedures

Financial Reporting and Advisory Services

Contracts review and structuring (acquisitions, joint ventures, corporate restructuring etc.)
Training on Audit & Accounting matters
Preparation of Accounting Manuals
Global Financial Reporting consistency
IPO and Company law advisory

Transformation Services

GAAP conversion (from local GAAP to IFRS/US GAAP and vice versa) including systems and tax support
Advice on Indian Accounting Standards, US GAAP and International Financial Reporting Standards (IFRS).

Partner Profile

Saurabh Jain

Co-Founder
Accounting & Assurance

Gulshan Grover

Partner
Assurance & Advisory

Himanshu Mendiratta