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Accounting Compliance and Reporting
As the convergence of accounting and auditing standards around the world continues, having access to key accounting and auditing guidance is critical for your business and for implementing your audit effectively and efficiently. Access to JMC Knowledge pool provides you a rich library of accounting and auditing guidance providing valuable insights for audit committees, chief financial officers, controllers, financial reporting groups, and internal audit directors. JMC Knowledge pool augments the in-person interactions of your J. Mandal & Co. engagement team by sharing key knowledge and interpretive guidance produced by our firm's accounting policy professionals.
Financial Accounting & Advisory Services
In the current economic conditions shareholders, regulators and professional bodies are taking greater interest in how companies derive, report, disclose and communicate about their financial position. This environment is driving extensive change across accounting standards.
Companies seeking to optimize their business face complexity in both IFRS and US GAAP accounting for mergers, acquisitions, IPOs and carve-outs. Accounting convergence also changes the requirements for reporting on financial instruments, fair value accounting, impairments and revenue recognition.
The current environment requires business to be able to address the concerns of their stakeholders and be prepared to change processes in order to adapt accounting and finance practices. This will allow them to ensure they are positioned to respond to market demands both now and in the future.
How can we help?
JMC provides attestation services that are meant to provide a qualitative comment on the true & fair nature of the financial statements of corporations/firms. In addition, such JMC audits are geared to evaluate compliance with all statutory and regulatory requirements, including disclosure norms.
The firm adopts uniform audit methodologies as per the professional guidelines for Statutory Audit issued by the Institute of Chartered Accountants of India. These audit procedures are supplemented by Global Best Practices in statutory audit services. The audit processes are a composite of analytical process reviews, trend analysis, control overview, detailed transaction checks, software testing and physical audits.