At S M Kataria & Co, Chartered Accountants, we specialize in comprehensive Risk Advisory Services designed to help organizations manage and mitigate risks effectively. Our tailored solutions ensure robust internal controls, enhance governance, and promote operational efficiency across various business functions.

a) Internal Audit: Enhancing Governance and Operational Efficiency

Our internal audit services focus on assessing and improving your organization’s internal controls and governance processes. By identifying risks and inefficiencies, we help your business streamline operations, reduce costs, and enhance overall performance while ensuring compliance with regulations.

b) Corporate Governance & Risk Assessments: Building a Resilient Framework

We provide expert guidance in establishing and maintaining strong corporate governance frameworks. Our risk assessments identify potential threats at strategic, operational, and financial levels, allowing you to implement effective mitigation strategies and strengthen your organization’s resilience.

c) Information Technology Audit & IT General Controls Review: Securing Your Digital Infrastructure

Our IT audit services evaluate the effectiveness of your organization’s information systems, ensuring that your IT infrastructure is secure and efficient. We review IT general controls, including access management, data protection, and system security, helping you mitigate cyber risks and align with industry standards.

d) Special Purpose Audits: Targeted Insights for Specific Needs

Our special purpose audits are designed to address specific concerns, such as regulatory compliance, contract adherence, or financial due diligence. We provide in-depth analysis and assurance on particular areas of your business, enabling informed decision-making and targeted improvements.

e) Investigations: Uncovering and Addressing Misconduct

Our investigation services are tailored to address concerns related to potential fraud, misconduct, or compliance breaches. We conduct thorough investigations, gather evidence, and provide actionable recommendations to resolve issues and prevent future occurrences.

f) Forensic Accounting & Fraud Detection: Safeguarding Against Financial Misconduct

Our forensic accounting services focus on detecting and preventing fraud within your organization. We analyse financial records, identify discrepancies, and conduct investigations to uncover fraudulent activities, ensuring that your business is protected from financial risks.

g) Data Protection Assessment: Ensuring Compliance and Security

We help organizations assess their data protection practices to ensure compliance with regulations and safeguard sensitive information. Our services include reviewing data handling procedures, implementing security measures, and providing recommendations to prevent data breaches and enhance overall data security.

h) Standard Operating Procedures/Manuals: Streamlining Business Processes

We develop and review standard operating procedures (SOPs) and manuals to ensure consistency and efficiency in your business operations. By documenting best practices and standardizing processes, we help your organization reduce errors, improve productivity, and maintain compliance with industry standards.

i) Internal Financial Controls and Testing of Internal Financial Controls: Strengthening Financial Reporting Integrity

Our services in internal financial controls ensure that your financial reporting is accurate and reliable. We assess the effectiveness of your financial controls and conduct testing to ensure compliance with regulatory requirements, helping you safeguard against financial misstatements and fraud.

j) Review of Roles and Responsibilities and Compliance Thereof: Ensuring Clarity and Accountability

We review the roles and responsibilities within your organization to ensure they are clearly defined and effectively implemented. Our services help prevent overlaps, eliminate gaps, and ensure that all team members understand and comply with their responsibilities, promoting accountability and efficiency.

k) Business Continuity Planning and Disaster Recovery Plan: Preparing for the Unexpected

We assist organizations in developing and reviewing business continuity plans (BCP) and disaster recovery plans (DRP) to ensure preparedness for unforeseen disruptions. Our services help you maintain operational resilience, minimize downtime, and recover quickly from emergencies, safeguarding your business continuity.

l) ERP Migration: Seamless Transition to Advanced Systems

Our ERP migration services facilitate a smooth transition to new enterprise resource planning (ERP) systems. We ensure that data is accurately migrated, processes are optimized, and the new system is integrated effectively with your existing operations, minimizing disruptions and maximizing efficiency.

m) One Time Control Review of the ERP: Ensuring System Integrity and Efficiency

We provide a one-time control review of your ERP system to ensure it is functioning optimally. Our services identify gaps or weaknesses in controls, preventing errors, fraud, or inefficiencies, and ensuring that your ERP system supports your business goals effectively.

n) Entity Level Controls Framework: Strengthening Organization-Wide Controls

We help you establish and review your entity-level controls framework, which governs your entire organization. Our services ensure that these overarching controls are effective in managing risks across all business functions, supporting strong governance and risk management.

o) Review of Running Account Bills: Verifying Accuracy and Compliance

Our detailed review of running account bills ensures accuracy and compliance with contractual terms. By identifying discrepancies, preventing overbilling, and ensuring that payments are made as agreed, we help you maintain financial integrity and avoid disputes.

p) Review of Inventory Movements: Optimizing Stock Management

Our inventory review services track inventory movements to ensure accurate records and prevent losses. We help you optimize your inventory management practices, ensuring that stock levels are maintained efficiently and that your records reflect actual inventory positions.

q) Fixed Assets Verification, Tagging, Tracking, and Review of Impairment: Managing and Protecting Your Assets

We provide comprehensive services for fixed assets, including verification, tagging, and tracking. We also review asset impairment to ensure that your financial statements accurately reflect the value of your assets, and that any impairments are properly accounted for, protecting your business from financial risks.

r) Branch Audits, Showroom/Retail Outlets Audits, Dealer Audits, Distributor Audits: Ensuring Consistency Across Locations

Our branch and retail audits ensure that all your locations comply with corporate policies and standards. We assess operational efficiency, review financial records, and verify adherence to company protocols across your branches, showrooms, retail outlets, dealers, and distributors, promoting consistency and efficiency throughout your network.