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Audit & Assurance

We perform statutory audit, which refers to the audit of annual financial statements required by a statute or a governing law. The statutory audit is required for license renewal, loans, credit facilities, vendor registration, and many others. Auditing is not only a complex but a very important task too. Proper auditing gives insurance to your business. It helps you correctly manage your account books, and is also essential to detect and prevent errors and frauds related to your business accounts. We also guide and assist you in analyzing the performance and the financial position of your business.

INTERNAL AUDIT

Main objective of the internal auditing is to evaluate and improve the effectiveness of the risk management strategy of an organization. Internal audit provides independent, objective assurance and consulting to add value and improve your organization’s operations. It brings a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governing processes. It also assesses the business risks, assures effective control of business activities and functions, improves the efficiency of business operations and makes room for regulatory and legal compliance. Internal Auditing is a sovereign, objective declaration and consulting activity intended to add value and improve an organization's operations.

EXTERNAL AUDIT

External audits are done by an independent and neutral audit firm, to inspect and study the financial state of your business. It is an analysis of your business’s accounting records to determine the accuracy of calculations and the recording processes used. It is the process of ensuring that the financial records and operations of a business firm are accurate by employing the services of an external auditor. To ensure that the business activities are in compliance with the accounting laws and regulations, we thoroughly examine a client’s business process, analyze performance comparisons, disclose their strengths and weaknesses, as well as identify critical areas of their operations. Our audit teams utilize modern and cost-effective techniques, thereby helping in the timely preparation of financial statements, budgets and management accounts.

INVESTIGATIVE AUDIT

We investigate the instances related to financial frauds and submits the report as required by Public Prosecutor. The forensic auditing provides litigation support by means of accounting data. Our services are also valuable when people or entities have to prove a point in the court of law or even when, a defendant has been erroneously charged. Many companies or individuals may have the requirements of investigating audits and our team has specialized skills in investigatory auditing. Itincludes extensive know-how in accountancy and investigation seeking fraudulent activities, and finding missing money. A forensic audit is an analysis and review of the financial records of a company or person to extract facts, which can be used in a court of law. Forensic audits include the experience in accounting and auditing practices as well as expert knowledge of forensic audit's legal framework.

BUSINESS PLAN & FEASIBILITY STUDIES

In simple terms, a business plan is just a plan for how your business is going to work, and how you are going to make it succeed.A business plan goes beyond than a list on a piece of paper. It can be as simple as just a few bullet points to focus strategy, tactics, milestones to track tasks and responsibilities, and the basic financial projections you need to plan: cash flow, budget, expenses. With extensive experience of working with different industry and clients, we help you build a Business Plan for your investments and relieve you from the stress of rigorous Market Research. With our involvement, you get your requirements like Market Analysis, Demographic Study & Feasibility Report as per your requirement. Feasibility studies evaluate the potential profitability of a project or business, paying consideration to key success and failure factors. Our multi-disciplinary teams provide valuable support to clients in the process of appraising profitability and strategic decision making by conducting a detailed, technical, and analytical study.

BUSINESS VALUATION

Business valuation is a complex task when it comes to ascertaining the value of a different entity for mergers & acquisitions and different business restructuring process.We, have an extensive experience in cross-cultural, multi-national business alliances. We support you right from initiation of dialogues, setting strategic goals, documentation, valuation and finalization of the deal. Valuation of business or goodwill is required for several reasons. One of the main reasons is the change in the ownership of business. It is also required by banks or courts. We conduct valuation of business based on globally accepted valuation methodologies and submit the valuation report. To set a value to a company, a thorough analysis of the business, sector, and development trends is undertaken. Our transaction teams ensures that our clients receive objective, independent, and reasoned valuations. These are provided for various purposes such as investment appraisals, complete or partial sale of business units, investment decision making, corporate governance, and regulatory requirements fulfilment.

DUE DILIGENCE REPORT

Due diligence auditing is carried out to examine the financial performance of a business through a series of assessments. Since the auditing can provide deeper insights into the earning capabilities of a business, the competency of its management, its potential customers, and its suppliers, a clear picture of the overall financial stature of the company will be submitted to the client. Most of the time, a due diligence audit is proposed by a person or a company when it tries to conduct a business with another company. It is a common practice to conduct legal, financial and marketing due diligence of a target entity in the event of acquisition of a business. We conduct legal and financial due diligence reports of companies based in Oman as specified in the mandate, and provide our report. It is carried out to extensively examine the performance data of a company. The result of this careful analysis is a systematic evaluation of a business’s risks and opportunities.