AUDIT :-  
  Broadly, Audit involves the following :  
  • Statutory Audit of Financial Statements
  • Tax Audit.
  • Due Diligence Audit.
The firm has a notable presence and expertise in the areas of Asset Backed & Mortgage Backed Securitisation. It has been handling due diligence assignments in connection with securitisation of retail receivables since 1993 and over the years has carved a niche for itself in this area in India.
    Typically the due diligence excersise involves :
  • Verification of Loan / HP documents to confirm their adequacy with respect to their enforcement in accordance with the law of the land
  • Validation of Cash flows offered for securitisation  .
  • Validation of pool Warranties & Terms.
  • Concurrent Audit / Stock Audit / Process Review Audits.
  • Internal / Management Audits / Special Assignments : The assignments are executed in accordance with the scope of work defined by the clients and exceptions / significant observations that impact the clients' interest are highlighted.
  • Information System Audit.
  • Monitoring of Pool Performance on a periodic basis.
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