Our Services
Business Processes Audit
Business Processes Audit (BPA) / Management Audit
We seek to provide consulting services that are innovative, efficient and most importantly responsive to our clients business needs. By understanding client’s expectations and providing value added services, we also become a trusted business advisor to our clients.
BPA is a well-developed value-added approach which assists the management in achieving their business goals. Following are the key components:
Assessing the risk faced by the client that could impact the financial health, evaluating the clients’ internal controls for managing the risks and planning the nature, extent and timing of our reviews (i.e. determining control and substantive tests to be carried out).
Conducting comprehensive tests to ensure:
- The effective functioning of internal control systems.
- Adherence to policies and procedures established by the management.
- Business is moving in the right direction for the common corporate goals and objectives. Every business action is taken towards achieving these goals and objectives.
- Evaluate / suggest business actions, by performing feasibility and profitability reviews.
- Evaluate results.
- Communicating test results to the client in the manner that meets their expectations.
- Recommend corrective actions.
A Review of Business Processes would cover some of the following areas:
| System for planning and monitoring of cash flow | Evaluation of capital expenditure proposals |
| Yield V/s Consumption | Raw material Sourcing |
| Wastage control | Product costing |
| Vendors development | Working capital |
| Delivery performance- products/Services | Inventory level |
| Analyzing pricing strategies | Media costs |
| Collection / receivable management | Reliability and integrity of data |
| Invoicing procedure | Procuring for bill passing |