Services
Unlocking Financial Success: Explore Our Range of Expert Accounting Services
Audit And Assurance
We undertake attestation of Financial Statements and integrated audit service as part of our Audit and Assurance Process. We work with clients to improve financial reporting processes and to comply with Accounting Standards, Audit Assurance Standards and the various provisions of applicable laws.
- Statutory Audits
- Tax audits
- Internal Audits & Management Audits
Accounting & Managerial Support Services
- Financial & Accounting services
- Preparation of Budget, variance & other management reports (MIS)
- Reviewing of Accounting Systems & Procedures
- Preparation of Accounting & System Manuals,
Forensic Audit
We at NDACA conduct a preventive health check-up of the financial statements through transaction audits and use a bookkeeping tool to focus on the transaction history of the organization compared to an internal audit that covers a wide variety of other issues. NDACA FORENSIC AUDIT work will generally encompass:
- Management Review from the point of view of the management with focus on a specific area including controls and risk in a specific process, governance, risk, cost reduction etc.
- Corporate Governance Review of the existing corporate governance structure, role of the Board and its committees and the systems and process in place to ensure regulatory discipline within an entity. A comprehensive study of all the relevant regulatory requirements such as Labour Laws, Tax Laws, Corporate Laws, etc.
- Fraud And Forensics Specific investigation conducted with present notion of malpractice in a particular area with an objective to detect diversion of funds, wilful defaults and window dressing of financial statements.
- End User Review This encompasses an examination of a recipient’s financial records, financial statements and expenditures incurred, the general management of its operations and internal control systems to establish the genuinity of funds spent for the stipulated purposes.
Internal Audit
INTERNAL AUDIT SERVICE has become an important element in the assurance environment of many organisations and a valuable tool and contributor to managing risk more effectively. The scope of internal audit work embraces the wider concept of corporate governance and risk, recognising that controls exist in organisations to manage risks and promote effective and efficient governance and performance.
NDACA INTERNAL AUDIT work will generally encompass:
NDACA INTERNAL AUDIT work will generally encompass:
- ASSURANCE SERVICES objective examination of evidence for the purpose of providing an independent assessment of risk management, control and governance processes as framed by management.
- VALUE ADDING SERVICES focusing on efficiency and effectiveness to improve processes and the economical use of finances and resources as agreed upon with the client.
- CONSULTING SERVICES advisory and related client activities, the nature and scope of which are agreed upon with the client and which are intended to add value and improve business operations.
Virtual CFO
- Accounting Compliance & Reporting which includes designing accounting process, preparation of chart of accounts and finance and tax support.
- Budgeting And Mis to give insights of the business operations and to arrive at variance in actual and budgeted figures.
- Project Reporting which includes preparation of project reports and liasoning with Banks for project loans.
- Pre Audit/Live Audit which includes audit of transaction on or before they are entered in to the accounting system which includes authorizing the transactions as per the approved procedures.
- Financial Accounting Advisory Services (FAAS) practice which provides assistance on critical issues arising from changes in accounting standards and regulatory requirements, new business activities and business acquisitions.
Internal Financial Controls
REGULATORY MANDA Companies Act 2013 requires statutory auditor to state adequacy of Internal financial controls and its operating effectiveness.
CLIENT’S RESPONSIBILITY To provide IFC documentation to the auditor to enable him to express an opinion on the effectiveness of the company's internal financial controls over financial reporting.
CLIENT’S RESPONSIBILITY To provide IFC documentation to the auditor to enable him to express an opinion on the effectiveness of the company's internal financial controls over financial reporting.
- NDACA would review the IFC-FR documentation to provide opinion on adequacy and operating effectiveness of Internal financial controls over financial reporting. Our opinion will cover deficiencies observed during the review of IFC-FR and recommendations for deficiencies observed.
- NDACA can also assist in preparation of IFC documentation and assist in laying controls within the organisation.
Taxes and Investments
NDACA offers a medium that can help them plan and manage employees financial needs and goals by offering solutions in tax and financial planning. Our tax shall consultants visit your premises and provide customized solutions in tax and financial matters. NDACA Deliverables will generally encompass:
- Small interactive session on tax amendments and impact on personal taxation.
- Customized solutions in tax and financial planning for your employees and their family members.
- Addressing queries of employees on personal income tax matters.
- Filing income tax returns.
GST Assistance
- A. GOODS AND SERVICES TAX REGISTRATION Assistance in Obtaining GST registration Assistance in amendment of existing GST registration Assistance in obtaining Input Service Distributor (‘ISD’)/ Tax Deduction at Source(‘TDS”)/ Tax Collection at Source (‘TCS”) registration.
- B. GOODS AND SERVICES TAX PERIODIC COMPLIANCES Assistance in computation of monthly GST liability Assistance in preparation and submission of monthly GST return GST ADVISORY SERVICES Advising on operations/transactions of clients from an Indian tax perspective in terms of the various taxes applicable and tax benefits/exemptions/set-offs available Identifying planning opportunities available and optimizing the overall Indirect Tax incidence Providing on-call advisory services on specific Indirect Tax queries raised by the clients from time to time Drafting, filing, and processing of Refund claims Assistance in indirect tax audits and assessments, including representation before the Indian Tax Authorities.