Audit and Assurance
People often ask: Is an internal audit necessary? What if we’re a smaller organization, should we be spending our already limited resources on an internal audit?
An internal audit helps you locate areas where your business can save time and money by examining the procedures and policies in place which serves as a valuable tool for effectively and appropriately mitigating risks and also ensure timely compliances of all statutory norms.
- We at C & B, ensure that an organization is adhering to the internal control procedures as adopted by them and address the following as well.
- Are there any gaps in the policies and procedures which is implemented?
- Whether company is fulfilling all their statutory compliances in a timely manner?
Our role is to provide independent assurance that an organization’s risk management, governance, and internal control processes are operating effectively, which gives assertion to the management that all required internal controls are in place and its assets are safe.
- In addition to the regular compliances, will also provide valuable insight by way of Management oriented report which helps them to make crucial business decisions.
Services Offered
- Internal Audit
- GST Compliance Audit
- Process Audit
- Payroll Audit
- Stock Audit
- Branch Audit
Audit & Assurance Impact Delivered
- Uniquely designed transparent monthly reporting structure has helped a retailer to expand from a single location to multiple branches.
- Through monthly expense budgeting of a client, excessive spent on packing & selling expenses was identified and significantly reduced.
- Turnaround of Software Company from non-compliance with STPI, FEMA, TDS, to timely fulfillment of all compliances.
- Detected cases of employee pilferages & frauds at clients through meticulous audit procedures.
- Through our payroll audit, we achieved substantial reduction in employee cost.
- Through continuous follow-up of stock ageing report, helped client to increase the Stock turnover ratio.
- Provided insight to the management regarding various cost benefit analysis.
Our Success Stories
“C&B brought in robust processes and improved accountability across activities. They’ve delivered many benefits - production time reduction, fabric cost savings, reduced cash holding, etc. More than 90% of the organization is now systematic. They have strong implementation of recommendations – provided us real change and benefits.”
Mr Pothiraja Founder, OTTO clothing Pvt ltd (Chennai)
“We have engaged C&B for streamlining our inventory management system. The system has several checks and balances and also helps us in tracking the goods from the suppliers point till it reach the store. We have been using this system for more than a year and we are very satisfied with the results”
Mr Ashok Director, Pothys
"No matter how big we become, I'd always want to have C&B's expertise available to us. We are satisfied with the standard of service offered by the C&B team. One thing which deserves more appreciation is the creation of a system that allows the day to day activities to be carried out systematically, relieves me effectively from carrying routine tasks”
Mr Arun CEO, AAM
“C&B’s expertise in strategy consultancy & process management was key to maximizing the business benefits of our Advanced Eye care centers…They have met our expectations and demonstrated excellent understanding of our business needs and most importantly, demonstrated workable and effective results."
Founder Rani Menon Hospitals (Cochin)
"We have met many consultants advising us on what to do, but C&B did not stop with that - they went beyond and made it happen . Their change management approach is practical and result-oriented. They enabled us to focus on our business growth instead of being tangled with daily, operational issues”
Mr. J Kuber Partner, Maghalakshmi Plaazaa.
"On the course of our growth journey ,we realized that we did not have a control of our expenses. We appointed C&B team to conduct budget & variance analysis for us. It resulted into various takeaways which helped to control our expenses. Good thing about C&B is they are ready & eager to work as per the clients need even though its out of their way”
