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Audit Methodology

We, at G.P. Associates, specially developed the A3 Methodology, a three dimensional Audit Methodology for conduct of audit especially for our clients. The methodology briefly involves the following steps:

Assessment, Which includes:

Assessment of control weaknesses, like scope of committing a fraud, error, omission or mistake,
Assessment of statutory non compliances, like defaults errors committed while complying TDS, GST, FCRA, Company law and various other statutes,
Assessment of accuracy, consistency, integrity and relevance of the financial information, including the books of accounts, maintained by the business.
Assessment of effectiveness and compliance status of management's legal & financial policies and framework.

Advisory, Which includes suggestions to:

Improve the financial & legal policies and frameworks of the business.
Make improvements and corrections to their existing internal control systems in order to prevent, detect, mitigate and correct various errors and frauds.
Improving & streamlining the accounting system in order to capture more relevant information for use in management's decision making.
Make the organisation to be more tax compliant by educating the accounting/finance team.

Assurance:

Our examination delivers various reports which helps the stake holders understand the efficiency and effectiveness of its organisationâ€™s financial performance, it's framework and policies.
Our examination, (subject to audit risk) ensures that your business is statutorily compliant, which gives you peace of mind while conducting the business.
Finally like any other financial audit our assurance, subject to qualifications if any, signifies the true and fair view of your financial statements.

"The role of G.P Associates in conducting Interim Audit is not routine, Our audit strategy adopts a risk-based approach, which makes sense of the risks and how they are impacting the financial performance of the client, we also conduct a detailed assessment of risks, an appraisal of the systems and controls put in place to mitigate those risks"

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