Total Solutions Group in association with our group firm Kapil Malhotra and Associates provides for several audits which include:
- Statutory, Internal and Operational audits.
We also provide for proper
- Accounting processes
for maintenance of books of accounts, as the laying down of right accounting system, policies and procedure will ensure proper book keeping and accurate financial result.
TSG has a team of chartered accountants who can
- Understand Businesses and hence restructure the current systems
- Design suitable Accounting Systems and Processes
- Consultancy in relation to compliance with various statutory requirements
- Implementation of Right Accounting System
- Prepare Financial Reports required by Management
The TSG-KMA accounting and auditing processes are developed and implemented after detailed analysis of the requirement and demands, depending on the industry and sector of functionality.
TSG-KMA accounting systems help in accounting to set up a right system of keeping the books of accounts to get accurate financial result, whereas by preparing audit reports we help in putting the controls in place to develop systems of keeping the books of accounts, thus helping in to settle the taxes , to get the Loans, obtain licences and government grants etc.
Benefits of Accounting and Auditing:
- Reliability of Financial Statements:
Accounting and Auditing helps to run the business efficiently and effectively. Accounting and auditing process displays the accurate financial result and accurate performance of the company that creates the reliability.
- Safeguard the interest:
By providing the correct financial results, Accounting and auditing protect the interests of the people who have invested their money in the business. Process of Accounting and Auditing safeguards the interest of the investors who are directly not involved with management.
- Keeps the employees away from the frauds:
In any business, management is not much involved in day to day small activities. Certain financial activities are assigned to the employees. There have always been chances of fraud or Scam. Accounting and Auditing keeps the employees away from fraud or Scam.
- Controls the wastage and losses:
In absence of Accounting and Internal Auditing, the management will never have the clear picture of the wastage and losses of material or labour or other operational services.