At Vimalam, we offer a comprehensive suite of auditing and assurance services through our associate Chartered Accountants’ Firm to help businesses maintain financial transparency, comply with regulatory requirements, and make informed decisions. Our experienced team of auditors and professionals provide meticulous attention to detail, thorough analysis, and insightful recommendations to ensure the reliability of your financial information.
Our Auditing and Assurance Services Include:
Our statutory audit services involve an independent examination of your financial statements to ensure compliance with applicable laws, regulations, and accounting standards. We conduct a thorough review of your financial records, internal controls, and business operations, providing an unbiased assessment of your financial health and ensuring accountability.
We specialize in tax audits, including both income tax and Goods and Services Tax (GST). Our expert team ensures your tax records comply with relevant tax laws, reviewing your returns, assessing liabilities, and identifying any potential risks or discrepancies. Our goal is to optimize tax compliance and minimize exposure to penalties.
Our due diligence services provide critical financial, operational, and legal insights into potential investments, acquisitions, or mergers. We analyze financial statements, evaluate internal controls, and identify potential risks, giving you a clear picture of the business you plan to invest in or acquire.
In cases of suspected fraud, financial irregularities, or misconduct, our forensic audit services can uncover the truth. We use advanced auditing techniques to trace fraudulent activities, identify asset misappropriation, and provide expert reports that can be used in legal proceedings.
We help ensure accurate recording and verification of inventory and fixed assets. Our stock and fixed assets audit services assess the adequacy of internal controls, identify discrepancies, and improve the management of your physical assets. This helps prevent inventory loss, theft, or financial misstatements.
Our compliance audit services ensure that your business adheres to applicable laws, regulations, and industry standards. We review internal policies, controls, and procedures, identifying areas for improvement and minimizing risks associated with non-compliance.
We offer specialized assurance services tailored to your specific needs, such as certifications for regulatory requirements, financial due diligence for transactions, and certifications for specialized industry standards or specific engagements.
We conduct limited-scope reviews of your financial statements, offering an independent evaluation of the reasonableness of your financial information. These reviews provide valuable insights without the depth of a full audit.
Our IFC audit services assess the design and operating effectiveness of internal controls within your organization. We ensure your internal financial controls are robust enough to prevent and detect financial misstatements, improving governance and reducing risks.
A risk-based audit focuses on identifying and analyzing the highest risk areas of your business operations. By concentrating resources on high-risk areas, we ensure that controls are effective where they are needed most, minimizing potential threats to your financial reporting.
Our internal audit services are designed to enhance your organization’ s governance, risk management, and internal controls. We provide an objective assessment of your operations and recommend improvements to ensure effective risk management and operational
efficiency.
A management audit examines your organization’ s management processes and performance. We review your strategic plans, decision-making processes, and operational efficiencies to help improve management practices and ensure that goals are met effectively.
efficiency.
Under AUP, we perform specific procedures agreed upon with your management. These engagements are highly customizable, targeting areas such as expense verification, contract compliance, or specific financial data points, delivering precise reports without the broad coverage of a traditional audit.
At Vimalam, we are committed to delivering accurate, reliable, and insightful auditing and assurance services that add value to your business. Our approach is rooted in a deepunderstanding of industry standards, regulations, and best practices, ensuring that you receive the highest level of service and compliance with financial reporting obligations.