Audit & Assurance

At Singh Malik and Associates, we have a long history of delivering high-quality assurance services across various industries. Our experienced team of professionals provides in-depth audit and assurance solutions tailored to meet your business needs. Whether you’re looking for forensic audits, financial statement audits, or assistance with compliance under various global standards, our services are designed to ensure accuracy, transparency, and adherence to regulatory requirements.

Agreed Upon Procedures (AUP)

Our Agreed-Upon Procedures are conducted in accordance with SRS 4400 issued by ICAI. These procedures are designed collaboratively with engaging parties, ensuring that the tests and assessments performed are clear, detailed, and provide actionable insights. The key benefit of this service is that while it doesn’t express an assurance conclusion, it provides precise factual findings useful for both the client and any stakeholders involved.

  • Key Features: Pre-agreed procedures, factual reports, and clarity in findings.
  • Usage: Useful for situations where an independent evaluation of specific processes or information is required, without the need for a formal audit opinion.

Forensic & Investigative Audits

We specialize in Forensic and Investigative Audits, helping detect fraud, bribery, misappropriation, and other financial irregularities. Our team of subject matter experts handles these assignments with the utmost professionalism, ensuring that clients stay on top of critical risks. This service is often requested by management, investors, and regulators when fraud or other irregularities are suspected.

  • Key Benefits: Fraud detection, prevention of misappropriation, and enhanced governance.
  • Ideal For: Clients needing thorough investigations into financial irregularities or potential misconduct.

Internal Financial Controls (IFC)

Our Internal Financial Controls (IFC) services focus on evaluating the design and effectiveness of your organization’s processes and controls. We help your organization adopt a process-based approach for financial compliance, making use of the latest technology to optimize risk assessment and control processes. Implementing robust IFC systems ensures enhanced governance, reduced risk, and better operational efficiency.

  • Key Benefits: Improved accountability, transparency, and reduction of process inefficiencies.
  • Suitable For: Organizations seeking to standardize controls, reduce risks, and ensure compliance with regulatory frameworks.

Risk Advisory, Internal & Management Audits

Our Risk Advisory and Internal Audits provide a comprehensive evaluation of your internal controls, systems, and processes. We take a risk-based approach, assessing potential risks across the business and key processes, ensuring effective risk mitigation. This ensures your management is informed of any risks and that your internal audit processes are aligned with industry best practices.

  • Key Benefits: Independent evaluation, risk mitigation, and IT-integrated internal audit sourcing.
  • Best For: Companies looking to improve risk management and internal controls.

IND-AS, IFRS & US GAAP Advisory

Our team is adept at helping businesses navigate the complexities of various global financial reporting standards, including IND-AS, IFRS, and US GAAP. We offer advisory services to help with the implementation, training, and ongoing compliance with these standards, ensuring your financial statements meet evolving global requirements.

  • Key Benefits: Comprehensive GAAP advisory, compliance with global standards, and staff training.
  • Ideal For: Clients needing assistance in transitioning to or complying with international financial reporting standards.

Financial Statements Audit

With decades of experience in Financial Statement Audits, we provide statutory and tax audit services that ensure compliance with regulatory standards. Our audits help ensure that financial statements provide a true and fair representation of your organization’s financial health.

  • Key Benefits: Compliance with statutory requirements, IT-enabled audit processes, and expert documentation.
  • Perfect For: Organizations requiring statutory audits and those looking to maintain transparency in financial reporting.