The firm’s audit process begins with identifying key risks that hold the likelihood to affect an organization's financial information and its related reporting. Phanindra & Associates specialty fabricates in viewing assurance services beyond the conventional approach and brings consistent quality services tailored to grow with you.
Some of the key audits & assurance functions that Phanindra & Associates specializes in are listed below:
- Statutory Audits
- Internal Audits
- Tax Audits
- SOX Compliance
- CSR Audits
- Due Diligence Assessments
- IT Assurance
- Labour Law Compliance Audits
- Transfer Pricing Audits
- Fraud & Forensic Audits
- SOC & ISAE
- Internal Financial Controls – IFC
The audit team has delivered value with their risk based approach in tackling not only the regular compliance checks but also arisk evaluation of the business process & procedures
- Staffing Services Co
Risk, Fraud & SOC
Phanindra & Associates is staffed with competent and experienced team of professionals and industry experts to deliver value added services in the following areas:
- Risk:- Risk management professionals at the firm specialize in assisting with internal audits, SOX compliance, IT risk assessments to provide a good assurance shield to management and ownership teams
- Fraud:- Pool of Certified Fraud Examiners and associated financial forensic specialists lead the way to assist enterprises, banks, and insurance companies in due diligence and investigative services
- Service Organization Controls Audit:- Provides the basic support to prepare organizations to get ready for SOC and ISAE certifications.
"Fraud Investigative Audit that the team has conducted and the results delivered were simply outstanding. Their reporting and analysis helped us file legal claim and proceed against the fraudsters that manipulated books and cash"
–Telco Software Co.
Taxation India & USA
Indian taxation environment is complex and ever-changing which has to be comprehended and interpreted to the clients in a way to meet the planning and preparation needs. The firm focuses the skills around providing the optimal tax planning solutions and to assist in adhering to the rules and regulations of the laws. Phanindra & Associates provides Tax Planning, Preparation, Representation, Compliance and Consulting services
Consultancy, audit, and advice around Direct Taxation matters
- Corporate / Individual Taxation
- International Taxation
- Transfer Pricing Study
- Assistance on procedural requirements such as registrations, periodic payments, returns and assessments
- Representation and audit support dealing with the tax department
Consultancy, audit, and advice around GST
- GST registration, periodic payments, filing returns and assessments
- Professional Tax registration, periodic payments, filing returns and assessments
USA Taxation:- With the founding member having more than a decade of work experience in the US, Phanindra & Associates is equipped to assist clients with international taxation needs, especially the US. The firm understands the intricacies of US Federal and State level taxation including Payroll compliances and obligations
The firm has multiple clients in the technology service industry that have offices in the US and India where it provides a comprehensive set of services in accounting, audit, tax and transaction advisory.
US – Incorporation: The firm helps end to end in structuring and setup of business in the US for Indian companies or Indian residents
“Phanindra& Associates expertise in US and India tax and compliance has been a tremendous value for us with our global setup. They manage the US and India tax returns and foreign reporting compliance. Their expertise also helps in annual Transfer Pricing study to manage the inter entity transactions"
- Tech Consulting Services Co with US and India presence
With the team experienced from top tier consulting firms, Phanindra & Associates helps in critically evaluating current state of affairs of the entire F&A function of enterprises and in designing a future state process & system based on best practices in the industry.
- Identify improvement opportunities and implement change
- Design and roll out appropriate internal controls
- Help in drafting SOPs and driving the adoption
"Services to manage the F&A function with appropriate internal controls and the design of the process & system has helped to cost effectively setup a trusted environment overall"
- Health Tech Co.
Valuation & Financing
We have a competent group of industry experts, internationally experienced professionals and domestic law and compliance experts from diverse backgrounds that team up to provide a comprehensive service in the following transaction advisory value addition to clients:
- Due Diligence
- Business Valuation
- Debt & Equity Sourcing
- Project Report & Viability
- Structuring Advice
"The due diligence report and the depth of analysis the firm has done on couple of deals that we were ready to invest was very educational in making the right decision"
- Tech Services Co, USA
IT Security & Audit
An excellent combination of a team of Chartered Accountants with a strong audit background combined with a team of technology specialists to serve enterprises with IT assurance and security, one that provides comprehensive recommendations to help project data assets.
- Cloud Security
- ISO 27001 Prep
- IT Risk assessments
- Network Security
- Disaster recovery and business continuity planning
"The audit team of finance specialists and technologists have assisted in evaluating the controls across finance and treasury systems and also outlined improvement opportunities for us to revise the overall control framework"
-Semi Govt Org.
Connect with one of our Audit Team members