Audit & Assurance
Auditing & Assurance Services are at the core of any Financial Management setup. It ensures proper working of the organisation according to laid down internal controls and also the efficiency and effectiveness of the controls itself. At Balram Associates, we offer a complete range of Assurance Solutions to help improve your financial efficiency, accuracy and stability.
Audits can be considered a type of assurance service. However,audits are only designed to test the validity of the financial statements. Under an assurance engagement, accountants can provide a variety of services ranging from information systems security reviews to customer satisfaction surveys.
Assurance service is an independent professional service, typically provided by Chartered or Certified Public Accountants, with the goal of improving the information or the context of the information so that decision makers can make more informed, and presumably better, decisions.
Business Assurance is the service that provides an independent, objective and unrestricted evaluation of management activities. The Service forms part of the University Secretary’s Office. As such, it is independent of the University’s management and with direct links to University Council and the Audit Committee.
“Assurance engagement” means an engagement in which a practitioner expresses a conclusion designed to enhance the degree of confidence of the intended users other than the responsible party about the outcome of the evaluation or measurement of a subject matter against criteria.