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The ever-changing market and the diversified economy, has spawned a multitude of industries, creating a challenging work scenario- one where innovation and speed hold the key to success.
And, finance has become one major “industry” with a myriad associated activities. We do not belong to the “Limited” business and our services cover a wide spectrum of the Professional Practice from taxation, Management audits, Assurance services, Consultancies – M&A, SOX, Information technology,ISO and other Quality initiatives.
We do not just limit our scope to Finance.
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Attestation Functions |
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Our Attestation functions cover
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. Statutory audit of Financial statements
. Certifications
. Tax audits
. Transfer pricing studies |
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Management Audits |
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Our spectrum of Management Audits cover
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Internal / Management audits :
The Sandscan team' s audit techniques are customized as per client requirements. The scope of the audit is defined as per the internal controls and is carried out with specific emphasis on cost control.
Project audits :
Project Audits are carried out in a phased manner, right from the Planning to execution phase, where each milestone is assessed/reviewed for the inputs (cost, material etc) and the outcome of each phase is audited, with the budget slab.
Risk assessment / reviews :
Risk analyses are carried out during the execution of every phase of a business process and the corresponding risk factors envisaged are duly studied , to generate a Risk Mitigation Report. This helps our clients to minimize unavoidable risks and also take a different course in cases, where risks can be nullified.
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Consulting |
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We offer consulting services in a multitude of segments such as Taxation, Information Technology, ERM (Enterprise Resource Management), Risk Management, Data Warehousing. |
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M&A (Mergers and Acquisitions)
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Our groundwork for any Merger or Acquisition involves an in-depth study of the target/partner company in the following areas
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Valuation
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Assessing the value of the business
Due Diligence
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Identifying the core business of the company, its history, the potential competencies, its strengths and weaknesses
Deal structuring
: Is a prerequisite study before any merger/ acquisition deal
is finalized. Deal structuring is a segmented approach to the payment deeds of any business transaction, where precisely formulated documents of the company’s
assets, capital , debts and the funding for the transaction are phased
to ensure a smooth, discrepancy-free process.
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Information Technology
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IT Policies:
The IT Policies of the client company is studied and based on the study, IT strategies are devised by us. The existing policies are also reviewed to ensure compliance with the standard norms. Additionally , our scope of review extends to revision of the policies if necessary.
BCP/ DRP Reviews
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Business Continuity Process or BCP outlines a plan of action / methodology in the event of a disaster (natural/artificial) . This ensure that all business processes are not disrupted , and maintain a state of continuity. BCP reviews also help in reducing operational risks and can be integrated with risk management practices,
and information security systems
Structuring of IT set up.
DRP : (Disaster Recovery Planning) is a sub-process of BCP , and is a process of recovering / salvaging access to lost/corrupted data in hardware/software, to resume critical business operations. DRP reviews help in ensuring that the standard back up procedures are carried out periodically. Crucial factors such as RPO (recovery Point Objective) that determines how current the data should be and RTO (Recovery Time Objective) which determines the time-gap between disaster and recovery, are assessed.
Also, the existing infrastructure for securing information systems is analyzed, and if found deficient , upgrading is advised.
Structuring of IT set up : The working system/software at client's end may require revamping/ remodeling/restructuring to maintain integrity and to suit the growing needs of the organization. Moreover, some legacy systems may call for a migration to a more robust, user-friendly and multi-utility software. Our team of certified ISA professionals assist our clients in restructuring their IT infrastructure to suit their requirements.
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SOX
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Sarbanes Oxley Compliance (SOX) is a set of control requirements that regulate the working of financial statements. This demands more scrutiny and exercises a deeper insight into the functionality of all aspects. The SandSCAn approach to SOX initiates with :
Documentation :
where the process flow of the client's system is documented. This enables an enhanced comprehensibility.
Review and testing :
The output of each activity is reviewed for compliance with control requirements.
Remediation planning and review:
Where any disruption in the functional flow is noted and as a rectification procedure, a New plan for implementation is chalked out, implemented and tested
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Taxation / Transfer pricing |
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Our Taxation Analysis and assessment study is taken up from Planning and files up to Litigation Management. In the Indirect Taxation sector, our consultancy covers Excise Duty,
Customs Duty, Sales Tax and VAT.
Additionally , SANDSCA has been a key player in structuring engagements
for tax planning, Transfer Pricing Studies and certification.
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Quality - ISO |
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We undertake Training Programs to create awareness about Quality Assurance, ISO standards, the implications of ISO in internal/management audits . This gears up our clients for a better performance, and with our assistance , prepares them for ISO certification. |
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BPO Services |
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Our BPO services are chiefly directed at Mutual funds reconciliation, where thorough functional knowledge supported by technical expertise helps us deliver the best of solutions
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