Audit Services

Enterslice provides assurance services by examining evidence to provide an independent assessment of the organisation's governance, risk management, and control processes. The services by our professionals will provide financial, compliance, system security and due diligence engagements. Our multidisciplinary teams deliver high-quality audits and innovation to provide value and transparency to offer exceptional services for your business. Our team of experts provides digital transformation and competition and enhances trust in capital markets by providing audit services in a faster manner because the stakeholders require greater assurance and value from the audit so that they can easily rely on and invest in your business. We work as trusted professional advisors to bring appropriate perspectives that help your business with decision-making and mitigating the risks.

Insights about Audit Services

The audit consists of checks, controls, and assurance, which help your business ensure that its accounting records accurately reflect its transactions. The auditing services help businesses create compliant financial statements and communicate to banks, investors, and other financial partners that their finances are in order. Auditing is a verification activity, such as the inspection and examination of a process or quality system to ensure compliance with the requirements of your business. An audit can apply to an entire business or in a specific department for administrative purposes such as auditing Documents, risk analysis or performance. Enterslice provides consistent audit services by assembling the right multidisciplinary teams to address the most complex issues by using high-quality auditing tools and techniques.

Audit Services to provide Transparency

Audit and Assurance

Enterslice provides you with an audit service to ensure that the financial, operational or management reports are presented fairly, ethically, and accurately and comply with the accounting standards or principles. Our team of experts will help in reviewing all the reports related to the business functions such as accounts, Documents, transactions, etc., and once the investigation and examinations are analyzed, a final report consisting of changes is shared.

Compliance with Regulatory requirements

Enterslice consists of professionals who come with deep expertise to understand and interpret the statutory requirements and help you avoid non-maintenance of critical Documents, delays, inaccuracies, and data inconsistencies, thereby helping your business to face any legal actions or penalties. Our team conducts compliance work for planning, reviewing Documents, testing controls, analyzing problems and their solutions and recommending corrective actions.

Fraud Detection

Enterslice helps you to identify the issues that will negatively affect an organization's ability to conduct business. These assessments help your business identify inherent business risks or frauds and provide prompt measures, processes, and controls to reduce the impact of these risks on business operations. Our team will help you identify the financial or operational frauds that the employees plan or anyone from the company. 

Enterslice provides services of Audits

Internal Controls

Enterslice helps you with the internal controls of your business because it mostly gets affected by a company's board of directors, management and other key personnel, so our team of Enterslice is designed to provide reasonable assurance in risk assessments, weakness, control activities, information and communication.

Financial Accuracy

Enterslice helps your business by assessing its books of account or financial data by double-checking the financial transactions, financial statements, or records that reflect the true financial position of a company. Our team ensures that all financial transactions are recorded correctly and that the information presented is reliable and free from errors or misstatements.

Identify Fraud

Enterslice will help you in your business to identify potential frauds and monitor the operational or management employees because the particular issues will alter the auditors to the possibility of fraud, such as not maintaining the financial records, illegally altering financial statements so our team of experts will analyze the potential frauds to protect your business from losses.

Business Improvements

Enterslice provides audit services to help you identify loopholes within your accounting system or operational functions to make necessary adjustments and maintain efficiency. Our team focus on your business for improvements by conducting effective quality reviews of audits and inspections of the audits.

Personalized the different areas to provide Audit Services

Many companies, investors, or stakeholders rely on audit services because they show a fair picture of the company's economic situation, so different types of businesses get audit services.

Private Companies require Audit & Assurance

An audit service is required in private companies to build trust with the stakeholders or management because it's important to meet quality objectives as your business strives for growth and success. Enterslice has a team of experts with a range of capabilities and is well-positioned to deliver value through insights and perspectives based on an in-depth understanding of your business and the environment in which you operate. Enterslice helps you to continuously enhance audit quality and transparency for private clients and stakeholders. The audit service helps you assure the stakeholders, identify areas for improvements, and ensure compliance with legal and regulatory requirements by improving business and financial practices, maintaining business goodwill, and ultimately driving long-term success.

Audit Services helps to guide Small Businesses

An audit service helps small businesses secure loans, attract investors, or meet regulatory requirements by working on such inefficiencies and improving the overall running of the business because this will help the business reduce costs and increase profitability. Enterslice helps you to focus on the core financial statements of the business by examining the business's financial records to verify the accuracy of that data through a systematic review of your transactions.

Providing help to Startups

The audit services help you analyze or review the contracts or agreements of your startup's business. There would be fewer legal challenges for your business because the auditor helps you meet regulatory requirements to grow the business. Accurate financial data or focusing on compliance properly will help your startup achieve growth and attract investors. Enterslice also helps your startups in reviewing their business affairs, and it ensures that the financial information is accurately represented. It also verifies that the business is preparing its financial statement to the updated standard accounting standards.

Maintaining the functioning of Government Agencies or NGOs

The purpose of the audit is to determine whether the relevant organization operate as per the purpose stated in their articles of association or monitors compliance with the legislation because the NGO must get its account audited as per the incorporation law depending on their mode or form of registration. Enterslice provides audit services to assess the performance of audit records to maintain the efficiency and effectiveness of public programs and services, and it also helps ensure compliance with government accounting standards.

Audits role in Corporate Governance

Analyze Risks

An audit service helps you in your business to identify and assess risks, evaluate the effectiveness of internal controls and identify weaknesses that could lead to non-compliance, fraud, or other risks by identifying these risks, an auditor can help the organization strengthen the company's governance framework and avoid potential problems. The experts will help you in your business and act as a safety net to protect stakeholders from risks, fraud and misleading financial statements. Our team help you identify the potential impact of various risks to the business by gaining an understanding of the business and its environment.

Financial Examination

Enterslice provides audit services for reviewing financial statements, corporate filings, and other disclosures to ensure that they are accurate, complete, and transparent by doing so, the auditor can help the organization avoid legal and reputational risks and build trust with stakeholders. The experts will conduct a thorough examination of an organization's financial records, transactions, and statements and ensure that the financial information is accurate, complete and in compliance with relevant accounting regulations and standards. The audit of the financial statement produced by the management increases the stakeholders' confidence in the financial statement.

Enhancing Stakeholder Confidence

Effective governance is critical for building and maintaining stakeholders' confidence by conducting independent audits and providing assurance to stakeholders that the organization is operating transparently and ethically, an auditor can help enhance stakeholder confidence and strengthen your company's reputation. The experts will develop an audit plan to outline the scope, objective and timelines of the audit engagements by gathering evidence, performing tests and analyzing data to form an opinion on the accuracy and fairness of the financial statements to give an actual report of the condition of the business to the stakeholders.

Driving Data-Privacy and Safety from Audit Services

Enterslice has various technologies to protect your data and provide guidance in implementing digital solutions that drive growth. Businesses should conduct regular audits to protect sensitive information, including your client information and internal data, because your business should be protected to ensure compliance with regulations and avoid costly fines. Cyber security audits use a variety of technologies, processes and controls to evaluate your business's programs and protect your business data against risks and threats. This audit can be done to secure your business from different technologies or tools depending on the type and size of an organization and to help reduce cyber risk and improve the functioning of the business. Data breaches have severe consequences for companies and their customers because they can cause severe harm to the business finances, operations, and reputation, so audit services have to be prepared to maintain security and protect your business from fraud, liability, and legal consequences because the costs of investigating and fixing the breach while implementing new security measures and handling potential legal issues are higher than preventions. Also, given the increasing connectivity, cybersecurity tools protect against cyber threats and ensure the security of critical infrastructure.

Types of Audit Services

There are various types of Audit Services Enterslice provides for your business depending on the businesses and requirements to maintain growth and attract potential investors in providing audit services such as:-

External Audit

The external audit is a process in which an independent body examines the financial statements prepared by any business. You can get an audit service like assurance services and tax consultancy services in Enterslice, and we help in auditing to resolve a conflict of interest that has occurred.

Internal Audit

Internal audit is an independent consulting that is designed to add value to your business and improve your business operations. However, Enterslice helps provide a disciplined and systematic approach to evaluating and assessing risk, internal controls and corporate governance.

Operational Audit

The Operational audit services provided by Enterslice evaluate your business's operating activities by reviewing the effectiveness, efficiency and economy of operations for sustaining growth and improving productivity.

Forensic Audit

A forensic audit is usually performed by a team of experts in Enterslice by examining and evaluating your business or financial information, which also includes fraud investigation and insurance claims to work as evidence at the time of dispute among the shareholders.

Statutory Audit

Statutory Audit refers to an audit of the financial statement of your business as required by the law or local authority, so Enterslice provides the services of auditing the financial statements such as annual turnover, employees and the value of the assets.

Financial Audit

Financial audit refers to the audit of the business's financial transactions by an Enterslice, which they will perform annually or at the end of the accounting period.

Tax Audit

Tax audit is performed by the government's tax departments or tax authority to help your business to minimize the penalty your business needs to follow tax laws, so Enterslice will help you in assisting and guiding the business to stick to the tax laws to avoid penalties.

Information Technology Audit

The information audit is an examination of the management controls or evaluation of your business’s information technology infrastructure, application, data use and management, so Enterslice helps your business to ensure integrity and evaluate the management controls to protect information technology assets.

Compliance Audit

Enterslice provides a service that checks the internal policies and procedures of a company as well as the laws and regulations where the business is operating. It is a part of the system used by the business's management for enforcing the effectiveness of the implementation of the government's laws and regulations.

Enterslice provides the best Audit Services: Know How?

As a leading audit firm, we ensure that we deliver quality service by assuring and advising your business with possible solutions. Our team of experts is capable of covering all the aspects of audit, and we also assist in preparing audit strategy and planning throughout the audit period, providing proper audit services internally or externally, assisting the internal management and ensuring the quality and advising your business to mitigate the risk and provide a solution to overcome the problems or risk. Assurance and assisting are the main focused terms of our services, so we focus on the execution of the audit process to improve internal controls and our continuous reviewing and monitoring of the internal and external management will help in the audit process and help you in every possible manner as we can.

Audit Services helps to Detect and Prevent Frauds

Auditing is a reliable and efficient way of detecting and preventing fraud. The procedures of audits have greatly evolved with time to make them more efficient and ensure fraud prevention. Our team of experts in Enterslice keep an up-to-date check and analysis on material misstatement, and auditing of the financial statement in your business is a crucial part because the ultimate root cause of fraud is deficiencies in the accounting system or financial transaction, which causes business risks and it is mostly committed by human beings so it will become very difficult to investigate the fraud while companies can benefit from using modern technology in auditing and business processes. Enterslice monitors the data and evaluates the analytics abilities for detecting significant fraud by using modern tools and technologies.

Challenges in Audit Services

Non-cooperation of the Management

Auditing is a complex and accurate job that requires close attention to every detail, but sometimes the management doesn't cooperate and does not provide enough accurate information so it becomes difficult to successfully and accurately perform an audit, and the lack of cooperation will often lead to a disengaged and unaccountable workforce which will result in a wastage of time and poor functioning of the business. The lack of focus causes certain member to question their role in the team and not get a proper result for the business.

Fraud

The risk in the financial statements is the misstatement and false presentation of the statement or accounts for the auditing. When businesses illegally alter financial statements to manipulate their financial health or to hide profits and losses of their business, it becomes more challenging to collect accurate financial information for auditing, and management is dependent on internal audit so that they get assurance over the anti-fraud controls and also if there is no proper auditing then it will become difficult for the business to attract investors and build a healthy relation.

Logging Inaccuracy

The inaccuracies are caused by human error and flaws in inventory control procedures, misidentification and lack of proper financial data or information. It is a mismatch between the quantities that are recorded in a company's inventory management system, which causes a huge discrepancy in your business and is quite challenging to maintain or identify proper accuracy. Also, while performing an inventory audit, some of the most common challenges faced are getting proper valuation and miscount. The audit quality is a significant challenge in the industry, and it will also cause misclassification of inventory valuation and inadequate internal controls.

Benefits of Conducting a Business Audit Services

Growing Profits

The audit services help you to detect productivity blockages such as employee theft, potential fraud risks, and any inefficiencies, so if you address these issues, it will help you increase profitability and mitigate risk.

Ensuring Compliance with Policies and Regulations

The audit service helps your company ensure the practices, performance, and financial statements that are required to meet accounting standards to avoid any legal implications. The audit services help you to follow the laws and regulations as per the statute to avoid legal actions.

Improving Effectiveness

The audit services help you to spot and correct financial issues as early as possible to avoid any discrepancies and discover opportunities to make your business more effective and healthy for your employees and stakeholders.

Increasing Credibility for Potential Investors

The audited financial statements make your business more attractive and genuine for investors and attract potential buyers to invest in your business, so the business audited services help your business maintain accurate financial reports and keep a record of genuine financial data.

Requirement of performing Audit Services

Implementing Good Practices

The business needs a thorough analysis of the financial activities, management, and accuracy of the financial transactions, so Enterslice helps you ensure assurance in your business.

Verifying or analyzing the Books of Accounts

Our team of experts review the financial statements of your business and helps you to have a better insight into your transactions & and activities of the business to sustain the growth.

Testing revenues and expenses

Enterslice will help your business analyze the revenues and expenses of the transaction to keep an accurate report of the business and maintain the profits by finding out the irrelevant expenses or losses.

Continuous Monitoring

Enterslice will monitor transactions and provide audit services. The integration of the technologies into financial statement audit services enhances the audit process by improving accuracy, speed and the ability to identify risks.

Nature of Assurance and Consulting by Audit Services

Enterslice ensures that your businesses are complying with local laws & and regulations and accurately reporting their income, deductions, and credits to maintain the integrity of the financial statements so our skilled professionals help you follow the laws and ensure that your business complies with the legal compliance because promoting appropriate ethics and values within the business, ensuring effective business performance management and accountability, communicating risk and control information of your business is designed to provide the strategies and objectives to your business. The internal audit services must access the information technology governance of the business to support the smooth functioning, and if there is any risk or error, then the consultation with the management improves the business's governance.

Process of Conducting Audit Services

Collecting Documents

The team of Enterslice request the Documents of your business, such as a copy of the previous audit report, a copy of the financial statement or books of accounts, agreements, etc., along with the details of the management and copies of bylaws and standing rules.

Preparing an Audit Plan

After analyzing and collecting all the required Documents, our team of experts prepares an audit plan for the benefit of your business to mitigate risk and maintain proper functioning.

Drafting a Report

After preparing the audit plans and analysis, our team will provide the final reports to you with solutions or changes required. The reports consist of efforts and other discrepancies or audit concerns.

Audits and Assurance in Startups

The audit services help you analyze or review the contracts or agreements of your startup's business so there will be fewer legal challenges for your business because Enterslice helps you meet regulatory requirements to grow the business. Accurate financial data or focusing on compliance properly by our experts will help your startup achieve growth and attract investors. Enterslice also helps your startup review its state of affairs, and it ensures that the financial information or all the Documents are accurately represented. And analyze your business for preparing its financial statement to the updated standard accounting standards.

Digital Transformation Advisory

An audit service of preparing and inspecting the business financial records to determine whether the business is performing accurately or not, and if it's not, then with the help of our service from the Enterslice, we provide a report to the shareholder or board of directors to maintain transparency and look after the fraudulent activity. Audit Services brings an audit technology, flexible technology and expert minds to deliver a high-quality digital audit while reducing the burden on business employees and uncovering deeper insights.