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What Is Proprietary Audit and its Importance for your Organisation:
Proprietary audit checks frivolous expenditure or revenue leakage which requires extensive verification. It is based on the income and expenditure of an entity and basically focuses on the funds received from the right authorized channel.
It plays a vital role here, as it deals with verification of the amount which meets with the public interest. The amount received is invested for the different authorized purpose in which we may receive better results in near future. Reporting of audit is submitted to the person who appoints the Auditor. Propriety Audit is commonly accepted customs and standards of conduct audit and particularly as applied to professional performance, requirements of Government regulations, and professional codes.
How we help you with Proprietary Audit Services?
Interlink Capital provides audit service that assess the undisclosed evidence, but also try to check the reasonability, regularity, prudence and effect of different acts. In this audit, we insist that instead of too much dependence on documents, vouchers, we emphasize to the substance of transactions and looks appropriateness thereof on a consideration of financial prudence, public interest, and prevention of wasteful expenditure.
We implement our plans in such a manner that expenditure is not only suitable to our purpose, but also to meet the objectives for which it was incurred and are also achieved. It is possible that a company may have planned for the investment or may not for the future. Our team guides you with the investments plans available at present.
How our Expert Team helps you to get the Benefits of Proprietary Audit:
Our experienced hands can understand and evaluate whether the transaction has met all criteria to be in line with the standards. Our expert team undertakes proprietary audit with a focus on financial prudence, public interest and prevention of wasteful expenditure. Our audit report gives insights on the appropriateness of the transactions and its impact on the organization. Our proprietary audit extends beyond the formality of the expenditure to its wisdom, faithfulness and economy. It not only ensures that the expenditure incurred is duly sanctioned by an appropriate authority but should also investigates the justifications for the same.
Benefit of ‘Proprietary Audit’ to the organisations:
In the case of limited companies, the shareholders are generally spread all over the country. They do not have any real say or control on the conduct of the activities of the company. The company is in the hands of the Board of Directors. The shareholders need an assurance, that their funds are properly managed. The statutory auditor has a right to enquire such matters designed to curb exact malpractices, often committed by the persons at the helm of the affairs. Few benefits which we serve you are as follows:
Easy access can be made to the capital Market as it is accepted by the Government.
Our audit services remove the fraud and inefficiency to the organization if any.
It improves the efficiency of the business and helps control on the firm.
You would be able to present the legal proof, which will help you in increase the goodwill of our company.
If your company takes an audit repeatedly from Interlink Capital, we will help you to keep a proper track within the business and ensures the ethical behaviour with the organization.