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Audit And Assurance


Audit And Assurance

We engage with our clients on a continuous basis to ensure adherence to statutory and regulatory requirements, including disclosures, and provide constructive, value-added delivery.

Statutory & Tax Audit

Opinion on true and fairness of financial statements as required under the statute, accounting standards, guidelines by the regulator, income tax provisions, and disclosures in the specified formats.

Internal Audit

Evaluating the company’s internal controls, corporate governance, and accounting processes to improve overall efficiency. Forensic Audit – To detect, improve or mitigate chances of fraud or misappropriation of resources/ funds.

Cost Reduction Audit

Audit of business operations, processes, and transactions, identifying loopholes and providing suggestive cost-effective measures.

Management Audit

Audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting, mergers, acquisitions etc.) wherein we closely work with the management in improving overall efficiency.

Mystery Audit

Set of activities that enable the organization to monitor its performance in an anonymous and confidential manner. Mystery audit enables to check the performance levels of service and malfunctions, better understand the customer’s expectations, assess the competence of the staff and the effectiveness of the training provided, and compare their efficiency in terms of productivity, quality, and business practices with competitors, collect data and information to new market research.

Revenue Audit

A revenue audit is a two-tier process that scrutinizes the figures and information as given in tax returns against those found in the business records of an entity. Review of Financial Statements – Ensuring financial statements are in accordance with Local laws, US GAAP, Acceptance Practice, and IFRS.

Preparation and Implementation of Policies, SOPS, BPN, RCM

Assistance in preparation of Standard Operating Procedures (SOP), Business Process Notes (BPN), Risk Control Matrix (RCM) etc.

Audit support

LGC also provides assistance in the audit process thereby improving efficiency either independently or along with your existing teams. We offer unparallel support to auditors with a team comprising experts from several domains on every process.