calalitbhardwaj@icai.org +91-8222999193

Business Advisory

The Firm has deep insight on business processes and therefore is in a unique position to provide clients constructive ideas and insights leading to improved business efficiencies, better compliance, good corporate governance and business risk mitigation. The Firm maintains a very professional healthy working relationship developed over years which is a relationship of trust. Therefore our clients seek our objective suggestions based on the understanding of the business and driven by trust.Regularly and as part of audit process, such business advisory is offered as part of audit. In cases where follow up and detailed study are warranted and demanded by the clients, the Firm offers such Business Advisory as an assignment.These business advisory services are offered in the hope they will lead to a creative exchange of ideas, one which will result in meaningful actions to enhance the Company’s growth and profitability, or, to benefit and strengthen the Organization, while enhancing the depth and value of the professional relationship mutually, for the client and the Firm.

Advisory Services to NGO’s

The Firm maintains a special cell which specialises in NGO Sector / Exempt Organizations / Trusts The NGO cell of the Firm handles. Issues related to NGO, covering:

  • Designing and implementation of Accounting methodology, Policies and procedures
  • Establishing and monitoring convergence and linkage of program activities and financial management of the NGO’s
  • Guiding the NGO in Planning & Budgeting the proposal of any developmental activity
  • Monitoring and Audit of financial records of the NGO
  • Project evaluation in association with the experts in the particular field including financial evaluation, of a NGO
  • Cost analysis of the socio-economic project based on the financial data for a NGO
  • Guidance on legal compliances for NGO in areas of ::
  • Foreign Contribution Regulation Act – Registration and Returns.
  • Income-tax Registration & Returns.
  • 80G Registration under Income-tax Act.
  • Compliance under the Societies Act, Indian Trust Act etc.

Governance & Risk Management Services

Internal audits
  • Setting up of Internal Audit function
  • Undertaking internal audits
  • Developing risk-based assurance plans
  • Identifying and monitoring Key Risk Indicators (KRI) and Red flags (continuous monitoring)
Enterprise Risk Management
  • We help businesses in analyzing the effectiveness of its risk management and internal compliance and control system including the effectiveness of implementation
  • Provide a deeper understanding of the enterprise risks to executive management and link them to the organizations objectives, initiatives, and business processes
Business Process Redesign
  • We help businesses design their key business processes considering “best practices” and “benchmarks”, help operations become more efficient, speed up work flows and improve Management Information Systems.
  • Prepare Standard Operating Procedures (SOP), Accounts Manual , Systems Manual
  • Chart of Accounts development and standardization

Management Consultancy Services (MCS)

Management Consultancy Services provides customized consulting solutions across a wide range of industry sectors in the areas of business process, risk, controls and governance. We partner with our clients and adopt a collaborative approach to enable business to meet requirements in the areas of governance and operational excellence and achieve their real potential.
Our approach to working with clients is set in the context of incisive and proven industry experience, that we have carefully nurtured over the last more than 2 years. This guarantees an unparalleled level of excellence that goes far beyond mere service delivery and results in qualitative services at competitive pricing and immense client satisfaction. Integrity and professional competence are the cornerstones of our firm.