masnet
Joined: 18 Jun 2013
Posts: 15
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 Posted: Mon Jun 24, 2013 7:52 am Post subject: Access the Company's Risk Controls in India |
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Our objective in assessing controls is to evaluate how the company manages and controls the key business risks highlighted in our risk assessment. Strong controls in key areas such as capital expenditure (including own built capital projects), revenue recognition and credit and collection will mitigate audit risk.
As part of the audit we seek to identify opportunities for improving your controls and key business processes.
Determine and Address Residual Audit Risk
On obtaining a clear picture of the effectiveness of your controls, we design further tests to address any residual audit risk. The scope and timing of our final audit testing depends on the nature of the residual risk and the results of our control testing. Read More..
Indian Chartered Accountants | NGO Services | Legal Process Outsourcing |
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