Secretarial Audit
Attributes
Applicability
Our Process of Secretarial Audit
- Conducted by an independent professional
- Monitors legal and procedural compliance
- Protects the interest of all stakeholders
- Helps to avoid any legal actions or penalties
- Supports in detection and correction of non-compliances
Applicability
- A company that is listed; or
- A public company having paid up share capital of Rs. 50 crore or more; or
- A public company having turnover Rs. 250 crore or more; or
- A company having outstanding bank or public financial institution loan or borrowing of Rs. 100 crore or more
Our Process of Secretarial Audit
- Identification of scope and objectives of audit for management
- Preparation of Formal engagement letter to be issued by Management to the Auditor
- Collection of relevant information about the company’s operations by auditor
- Planning and Execution of audit program outlining the objects, tools and technique
- Ensuring assistance from company for reviewing of records and controls
- Preparation of working papers that supports the audit opinion
- Discussion of audit observations with management
- Summarization of audit findings, opinions, and recommendations
- Issuance of final audit report based on findings and discussions
- Respond to follow up actions taken by the Company to resolve the qualifications