Assurance Services

Approx. Rs 10,000 / YearGet Latest Price

The Audit of Financial Statement Services is one of the core area of expertise of GAC Team. The scope of our Audit of Financial Statement Services is to provide independent assurance that management has, in its financial statements, presented a “true and fair” view of a company’s financial performance and position.

The list of stakeholders of a business enterprise is wide — from the audit committee, shareholders, employees and suppliers, to customers, banks, regulatory bodies and analysts. Every Stakeholder needs an accurate & reliable Financial Statements which meet there requirement & help them in decision making process.

A rigorous audit process will also, almost invariably, identify areas where management may improve their controls or processes, further adding value to the company by enhancing the quality of its business processes. 

Audit is the highest level of assurance service that a Chartered Accountant performs and is intended to provide a user comfort on the accuracy of the financial statements.

GAC performs procedures in order to obtain “reasonable assurance” about whether the financial statements are free from material misstatement. In an audit, we obtain an understanding of business’s internal control and assess fraud risk. We corroborate the amounts and disclosures included in financial statements by obtaining audit evidence through inquiry, physical inspection, observation, third-party confirmations, examination, analytical procedures and other procedures.

Based on the procedures, we issue a formal report that expresses an opinion on whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework. In addition, we report any significant or material weaknesses in system of internal control that are identified during the audit.

As the highest level of assurance, an audit typically is appropriate and often required when an organization is seeking complex or high levels of financing, credit, outside investors or preparing to sell or merge with another business.

We approach client’s audit with a deep and broad understanding of their business, the industry in which they operate, and the latest regulatory standards. We consider the risks company faces, the way management controls these risks and the transparency of company's reporting to stakeholders.

GAC uses a single, global audit methodology that is designed to comply with the International Standards on Auditing, and align with new standards as necessary. We relentlessly focus on quality, independence, transparency and advanced methodology designed to ensure compliance with professional standards laid down by the regulatory authorities. 

Approx. Rs 10,000 / UnitGet Latest Price

GAC offers valuation services which are broadly classified as:

• Valuation of Business for restructuring or purchase or sale or litigation
• Valuation Services for the purposes of mergers, demergers or amalgamations
• Valuation Services for shareholder’s to advice on any dispute, minority stake, Joint Venture Partners
• Valuation Services for statutory or regulatory compliance
• Valuation Services for transactions between resident shareholder and non-resident shareholder and vice versa
• Valuation for submission to tax authorities in respect of withholding tax or capital gain tax
• Valuation for financial reporting purposes
• Valuation of Goodwill & other Intangible Assets including brands, trade name, software & other IP
• Valuation as required under Indian Accounting Standards
• Valuation for Private equity & Venture Capital Funding

Valuation involve the act or process of developing an opinion of value which is never a fact but always an opinion on the worth of the business or asset to be valued at a given time in accordance with a specific definition of value. Valuation can be for commercial and statutory purposes. Valuation requires high level of expertise which GAC team adequately possess to deliver the most appropriate results. The valuation done by us can be relied for forming an opinion by the parties transacting or regulatory authorities such as SEBI, RBI and Income Tax authorities and the client and their auditors for accounting and reporting purposes.