Challenge
• The audit partner of an Indian exhibition management company was dissolving their firm. The client foresaw that the burden of their audit procedures and heaps of statutory requirements would fall on their shoulders. These exhaustive procedures would not only pose a challenge for their accountants, but also weigh them down by diverting their attention from their core competencies.
Need
• With the number of statutory requirements constantly increasing, the company needed a reputed audit partner to undertake its entire audit function.
Solution
• EPM Consultants offered the company its expertise in the field, and took over their entire audit procedure.
Result
• After an initial risk assessment, our experienced professionals helped the company develop suitable internal audit plans. They even assisted the company in identifying location-specific risks and flawed business practices. Then, we helped them collate their data from across departments, thereby enabling them to improve their productivity, make more informed decisions and meet statutory requirements on time. Today, the company has made internal auditing a ciritical component of its risk management procedures.