G.R.B. Associates, Chartered Accounting firm in Nepal provide a broad spectrum of audit and assurance services designed to enhance the reliability and accuracy of financial information for stakeholders. Here are the key audit and assurance services offered:
1. Statutory Audits
- Financial Statement Audits: Conducting audits as required by law to ensure that financial statements present a true and fair view of the company’s financial position. These audits comply with local standards and International Standards on Auditing (ISA).
- Regulatory Audits: Ensuring compliance with regulations stipulated by governing bodies such as the Inland Revenue Department (IRD) and Nepal Rastra Bank (NRB).
2. Internal Audits
- Operational Audits: Assessing the efficiency and effectiveness of operational processes and recommending improvements.
- Compliance Audits: Evaluating adherence to internal policies, procedures, and regulatory requirements.
- Risk Management Audits: Identifying and assessing business risks and the effectiveness of controls in place to mitigate those risks.
3. Special Audits and Assurance Engagements
- Forensic Audits: Investigating financial irregularities, fraud, and mismanagement of funds.
- Due Diligence Audits: Conducting detailed reviews during mergers and acquisitions to provide assurance on financial health and operational viability of the target company.
- Project Audits: Evaluating specific projects to ensure compliance with agreed terms, efficient use of resources, and achievement of objectives.
4. Review Engagements
- Limited Assurance Engagements: Providing a moderate level of assurance that there are no material modifications that need to be made to the financial statements.
- Agreed-Upon Procedures: Performing specific procedures agreed upon with the client to address particular aspects of financial information or processes.
5. Other Assurance Services
- Sustainability and Environmental Audits: Assessing the accuracy of sustainability reports and environmental impact statements.
- IT Audits: Reviewing information systems and IT controls to ensure data integrity, security, and efficiency.
- Corporate Governance Audits: Evaluating the governance structure and practices to ensure compliance with best practices and regulatory requirements.
6. Bank and Financial Institution Audits
- Regulatory Compliance Audits: Ensuring that banks and financial institutions comply with regulations set by the NRB and other regulatory bodies.
- Risk-Based Audits: Assessing the risk management frameworks and the adequacy of capital in financial institutions.
7. Sector-Specific Audits
- NGO and INGO Audits: Auditing non-governmental and international non-governmental organizations to ensure funds are used in accordance with donors’ requirements and for the intended purposes.
- Cooperative Audits: Reviewing financial activities of cooperatives to ensure compliance with cooperative laws and guidelines.
By providing these services, G.R.B. Associates, Chartered Accountants help businesses and organizations ensure the integrity of financial reporting, enhance governance, and comply with regulatory requirements, thereby fostering trust and confidence among stakeholders.
