Services
Overview
Business Assurance & Advisory Services (BAAS) is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It provides insight into an organization’s culture, policies, procedures, and assists management oversight by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with applicable laws and regulations. It plays a critical role in strengthening a company’s operations, corporate governance, and accounting processes. BAAS is a management tool to attain operational efficiency by identifying problems and correcting lapses well in time.
The main aim of BAAS is to provide insight into –
An organization’s culture, policies, procedures
Verifying internal controls
Assisting management oversight by ensuring operating effectiveness and risk mitigation controls
Compliance with applicable laws and regulations
Service Areas Within Business Advisory & Assurance
Frequently Asked Questions
What is Assurance and Advisory Services?
Assurance and Advisory services are professional services rendered with an objective of improving the quality of information required for applicable statutory compliances and for financial reporting.
What is the importance of Assurance and Advisory Services?
Assurance and Advisory Services help management in setting up effective control system and business processes which are needed considering the size and nature of business. It identifies shortcomings in the existing system and plugs them by continuous monitoring of the Control system and processes. It strengthens the control system and improves corporate governance of the company. Through efficient assurance and advisory services, management can achieve its business objectives.
Why Assurance and Advisory Services should be outsourced?
Internal team would lack the desired level of expertise or experience in handling such critical functions. By outsourcing, company can lower compliance cost, focus more on business growth rather than on statutory compliances and Financial reporting aspects which can be handled by a Professional Team.
What are the Assurance and Advisory Services provided by InCorp?
InCorp, India provides the following BAAS:
- » Internal Control & Process Audit
- » Statutory Compliance Audit
- » Risk Assessment and Mitigation Audit
- » Transaction Audit & Advisory
- » Investigative Audit
- » Corporate Restructuring
