Looking at the Bigger Picture
Every business is unique and complex. Only a seasoned firm can see through the clutter, to see the BIG picture. Observing your organization from above, understanding what makes it tick, and recommending ways for your to make your organization more efficient in its functioning.
When people think of Audits, they worry that it will become a time consuming and very expensive process, but it doesn’t have to be. RRA provides auditing services to ensure that your business runs smoothly. Our experts give you insights that enable your business to make changes to make it cost-effective and compliant with all the complex regulations of each financial year.
With decades of experience auditing firms, precision and skill is what our team promises with each Audit. Each audit is different as well, that’s why Ranga Rao and Associates has a diverse team to tackle every type of audit, from Statutory audit to complete organizational audits.
Internal Audit, risk assessments and process improvements
We work with audit executives, management and audit committees at companies of virtually any size, public or private, to assist them with their internal audit services.
Our team helps clients assess their fraud risks and implement solutions to better manage these risks and lead investigations into financial irregularities. Our internal audit function includes:
Statutory audits and secretarial compliances
Statutory Audits include all audits prescribed by any law and are generally final audit and tax audit and GST audit.
At RRA a team of qualified and trained audit staff are designated to conduct such audits and work with audit committees In the preparation for the audit attestation, complete consideration is given to accounting, audit standards and guideline issued by the ICAI and ICSI from time to time.
In the quest to attest the true and fairness of any financial statement, RRA strives to keep the legal requirements, disclosure norms, substantive and materiality in accounts, and the need of the users of the financial statements all in a perfect balance.
Our procedures include:
- Review of systems
- Audit program
- Transaction audit
- Validation of systems and procedures
- Substantive audit procedures
- Review of corporate governance
- Compliance of accounting standards
- Suggest positive changes
Rangarao & Associates Chartered Accountants
#39, 6th Cross Wilson Garden