Assurance

Assurance

At SPARK, we provide our clients with accurate and timely solutions that best suit the needs of the client. We deal with the challenges arising from a continuously changing economic and regulatory environment, and we provide management and stakeholders with transparency and trust for better decision-making. Our focus is to deliver high-quality audit and assurance services by ascertaining and disclosing financial and non-financial insights to stakeholders. We proudly carry the acknowledgement and recommendation of our clients; this “trust” is the major motivator and contributor to the growth and success of SPARK. We take into account each client’s unique business, policies, and procedures in order to provide the best possible solutions.

SPARK’s audit and assurance team is:

• Committed to the client's requirements
• Adherence to the rules and regulations
• Update on all the changes in accounting, financial, reporting, and auditing areas.
• Continuously looking for areas of improvement and providing suggestions for change.
• Committed to providing information and inspiration to the reader of financial statements.

We provide the following services, including, but not limited to:

• Audit as per Statute

  A statutory audit is not merely compliance; it calls for assurance reporting on all the dimensions covering the organization. Our team keeps up with all the facets of a statutory audit and observes the highest standards of quality in its conduct.

• Internal Audit and Management Assurance

  Internal audit is an integral part of the control mechanism and assists organizations from within. We assist our clients in everything from establishing the control mechanism to keeping a vigil on its compliance.

• Forensic Audit and Integrity Services

  SPARK has a separate team of experts for the conduct of forensic audits and special audits. The deliverables are set to very high standards, keeping in mind the expectations of the stakeholders.

• Other Regulatory Audits: Trust, Co-operative Society, Charitable Institution, Government

  Audits for special organizations require a different bent of mind. Also, organizations like these are additionally governed by certain statutes. We take special care in the audit of such organizations so that there is total compliance with the concerned rules.

• Bank Audits

  Banks form the backbone of the financial system. SPARK performs almost all the functions relating to the banking domain, like statutory audits, concurrent audits, special audits, forensic audits, stock and receivables audits, etc. SPARK has a specialized team to perform these functions, which include ex-bankers.

• IRFS: Advisory, Implementation, and Reporting

  At SPARK, we have an attitude of looking into the future. We provide advisory on the implementation of the IFRS (which in India is termed IND-AS). Also, reporting on the same is an integral part of the assurance procedure.

• Limited Reviews

  We conduct special assignments and limited reviews at the behest of our clients. The scope of the assignments varies according to the requirements of the clients.

• Due Diligence Reviews

  Due diligence is a routine part of the services provided to financial institutions. We provide customer due diligence services to various NBFCs in the form of personal discussion liquid income profiling for the use of the credit department. Also, we conduct due diligence activities for corporate entities based on the specific requirements of the clients. The vast network of SPARK assists in the delivery of localized services in a timely manner.

• Specialized Risk and Advisory Services

  Risk management and curtailment is a process that has taken the front stage in this dynamic business environment. SPARK endures the policy of risk management and mitigation in a routine manner and serves the same for the client.