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Services offered to large size businesses
Internal Audit & Assurance
- Set up new internal audit functions for multibillion-dollar businesses & development advice aligned with International Standards for the Professional Practice of Internal Auditing (IPPF)
- Development of internal audit conceptual framework and awareness presentations to business and Board of Directors and the Audit Committee of the Board of Directors, internal audit charters
- Internal audit outsourcing and co-sourcing including writing audit programs and checklists and reporting templates, annual and multiyear risk based internal audit plans
- Development of audit operations manuals synchronized with audit software, ERP and computer applications. Automation of audit processes for better performance and enhanced productivity
- Training to internal auditors to improve their proficiency for internal audit processes and policies and procedures that guide the audit activities
- Best practices and innovative audit strategies for comparison identifying areas of improvements
- Financial, operational, comprehensive, compliance, regulatory and follow up Audits. Audit planning, execution of field work, reporting.
- Environmental and safety audits
- Special audits at the request of management and owners
- Continuous auditing and monitoring (pre-audits)
- Major capital projects audits & advisory including in-depth transaction-based audits of processes, risk assessments etc.
- Contract management framework governance check ups for large scale projects
- Construction project management audits- heavy construction, infrastructure and buildings & residential projects (Developer and Contractor’s Perspectives)
- IT audits (General Computer Control Reviews)
- Program audits and evaluations
- Capital projects-post implementation reviews to vet the transparency of progress reports, analysis and development costs submitted by the Project Managers and Management to the Audit Committee of the Board of Directors
- Joint venture audits to determine the overall compliance with partnership agreement
- Gap analysis and strategic review- Safety management system versus OHSAS 18001 occupational health and safety management, findings & recommendations
- Internal audit quality assurance reviews and peer reviews to identify best practices and determine compliance with International Standards for the Professional Practice of Internal Auditing
- Internal audit quality assurance & improvement plans, development and implementation
- Audit committee reporting and presentations and templates including synopsis and executive summaries
Data Analytics
- Data Analytics Dashboard- development, implementation and live testing
ERP Implementation Reviews (Oracle Financials, SAP, Coins )
- Evaluations and assessments of efficiency & effectiveness and functionality, costs, performance and suitability to businesses
- Effectiveness of the life-cycle development activities that produced the system
- ERP implementation reviews and reporting promoting the automation of business processes
Best Practices
- Best practices for value adding auditing, reinventing the internal audit function, alignment of new best practices with organization’s culture and strategic direction
Risk & Advisory
- Reviews of policies and procedures prior of their implementation. Assistance to management in writing policies and procedure manuals and ground work to do their implementation across the business.
- Assistance to management in conducting physical inventory counts and recommendations for improved housekeeping and storage of inventories
- Process design at the request of management
- Physical verification of fixed assets and their recordkeeping
- Special assignments at the request of management to improve risk and control
- Value added advisory to improve organization’s operations. These include counsel, advice, facilitation, process design, process reviews
Governance & Enterprise Risk Management
- Performing risk assessments at the entity and process levels suggesting risk mitigation strategies and models to manage varying types of business risks
- Evaluation of risk management frameworks, programs and models
- Risk registers and risk rankings and risk management models
- Assistance to senior management in identification of principal key business risks and effective risk mitigation strategies. Conducting detailed strategic bench marking of key principal risks faced by business and key competitors
- High level Governance Health Check Ups and Oversight Reviews
- Governance models for business units and support functions
- Reviews of existence of assets and reporting
- Reviews of compliance with code of conduct and ethical considerations
- Guidelines for Code of conduct design
- Evaluation of business performance and suggestions for effective resource allocation and profitable business segments
Fraud Examination & Reporting
- Design anti-fraud programs and fraud preventive control strategies
- Ethics hotlines, management, guidance and advice
- Fraud risk assessments
- Fraud prevention health check ups
- Fraud investigations & reporting
Internal Controls- Sox Analysis & Testing
- Sox testing and compliance
- Evaluations and assessments of entity level controls and processes for design effectiveness
- Oversight of internal controls for reasonableness of retaining effective and efficient controls
- Documentation of financial, accounting and operational process flows
- Recommendations for process improvements and remediation plans and updates to management
- Awareness presentations to business units and management about the importance and usefulness of internal controls
Internal Controls
- Internal control system assessments and evaluations, development of new processes and controls and their implementation and pilot testing
Software Implementations (Accounting)
- Quick books, Easy Accounting, Peach tree etc.
Software Implementations (Auditing)
- ACL, Team Mate, Auto Audit.
Benchmarking
- Internal & external benchmarking to identify improvements
- Process benchmarking, performance benchmarking, strategic and financial benchmarking
- Benchmarking and Gap Analysis for Safety Management System Versus OHSAS 18001
- Benchmarking contractors and consulting agreements
Ethics and Integrity
- Risk assessments and risk registers for current ethical culture and ethics hotline. Development of Integrity Reporting Program for large size businesses and their implementation and pilot testing
- Continuous monitoring
- Reporting & follow ups
Control self-Assessments
- Assessing the organization's risk management and control processes
- Facilitation to help work teams in the assessment of risks and controls
- Different formats of facilitated and survey-based self- assessments and discussing use of CSA in Enterprise Risk Management (ERM), regulatory financial reporting requirements, such as Sarbanes-Oxley (SOX), fraud and ethics programs, and operational auditing
Financial & Management Consulting
- Management studies to work out composite profits and losses in a business as a result of business operations via constructing income statement. This also includes working out the net worth of business through crafting and making opening and closing balance sheets for the business under review
- Detailed financial analysis of evaluating projects, budgets and businesses to evaluate their performance
- Accounting and financial systems development and synchronization with operations
- Formulation of accounting policies suitable to business in the light of USA Gaap and IFRS
- Financial reports with detailed commentary on overall performance of different products and divisions
- Management reports
- Budgeting and forecasting for various business segments at the entity level and their impact on overall consolidated budget
Services offered to Small and Medium Size Businesses
Business & Growth Plans
- Writing business plans for newly starting businesses outlining all possible aspects including marketing, financial and operations view point
- Strategic business and growth plans
- Forecasts and estimates
Corporation Filing and Setting Up New LLC’s
- Incorporation of new corporations and limited liability companies
- Tax registrations
- Arrangement of licenses
- Enlistment with agencies
- Secretarial services including share issuance and transfers
- Company liquidation and dissolution services
Sales Tax
- Business registrations for sale tax
- Online statements filing
- Compliance
Payroll and Certified Payroll
- Payroll outsourcing, data collection and payroll calculations
- Time cards and attendance sheets and payroll checks
- Pay stubs and payroll journals
- Labor law advice on interpretations and applications
- Union dues and benefit calculations
- Document archiving
- Statutory & management reporting
Book keeping and Accounting and Financial Statements
- Full accounting cycle book keeping
- Accounting adjustments and reconciliations
- General ledgers
- Accounts receivables and payables management
- Financial reports including income statement and balance sheet
Personal Financials and Income Projections
- Personal financials and income projections used for credit lines approvals, bank financing, lease approvals and tax purposes
Federal & State Insurance Audits
- Representations during inspections
- Preparing documentation in line with insurance premium audit requirements
Business and Personal Taxes
- Corporate tax filing
- Transactions
- Tax planning
- Tax registrations
- Personal tax filing
Notary Public Services
- Licensed New York State Notary Public
- We administer oaths and affirmations, take affidavits and depositions, to receive and certify acknowledgments or proof of deeds, mortgages and powers of attorney and other instruments in writing; We also demand acceptance or payment of foreign and inland bills of exchange, promissory notes and obligations in writing.