Internal Financial Control Services
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We are well-reputed firm in the Indian market, engaged in offering Internal Financial Control Services to our esteemed clients all across the nation. These Services offered by us provided by our well experienced and educated professionals. These provided services include financial management of any construction or fit-out project ranging from cash flows,measurements verifications, certification of invoices and tracking of invoices and payments. Besides this, the service is offered at pocket-friendly rates.
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The new Companies Act, 2013, now requires auditors to also opine on whether a company has an adequate internal financial controls (IFC) system in place and the operating effectiveness of such controls.
This is in addition to the existing audit opinion on financial statements.While this requirement was originally applicable to financial statements ending 31 March 2015, considering the lack of guidance, this applicability was deferre dand is now effective for the year ending31 March 2016.
Due to the deferral of this reporting requirement, the Ministry of Corporate Affairs (MCA) retained the reporting requirement relating to internal controls in certain specific areas under the Companies (Auditor's Report) Order,2013 (CARO)
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