Overview

We conduct precise audits to build holistic trust, meet regulations, and identify improvement opportunities. Our tailored approach delivers reliable, compliant financial reporting for better decision-making.

Statutory audit

We ensure your financial statements meet legal requirements, offering full transparency and credibility. Our comprehensive reviews enhance stakeholder confidence and compliance with applicable laws.

Compliance audit

We focus on ensuring your organization’s adherence to specific laws, regulations and contractual obligations. With the aim to mitigate risks, we enable you to maintain integrity, and ensure good standing with regulators.

Concurrent audit

With our real-time reviews of your financial and operational transactions, we support you to detect errors, improve processes, and minimize risks. We ensure accurate, timely reviews for better efficiency and decision-making.

Internal audit

Assessing internal controls, governance, and risk management frameworks. Our actionable insights strengthen mechanisms, enhance operations, and drive excellence.

Inventory audit

We offer detailed audits of your inventory records and management practises to minimize financial losses and optimize stock. Our commitment is to ensure efficiency and improve overall management practices.

Financial statement audit

We deliver compliant financial statement reviews that reflect true performance, ensuring transparency and informed decision-making.

Investigative audit

Our forensic audits safeguard assets and ensure organizational transparency by detecting fraud, irregularities, or misuse of resources.

Management audit

Reviewing managerial processes, identifying inefficiencies, and aligning practices with strategic goals. We optimize operations for effective management.

Operational audit

We evaluate your business processes to enhance productivity and reduce costs. Our operational audits identify inefficiencies and recommend improvements.

Forensic audit

Detecting financial mismanagement and fraud with detailed forensic reviews. We provide actionable reports that support legal and organizational action.

Information technology audit

Assessing IT systems for security, efficiency, and alignment with goals. Our audits enhance governance, identify risks, and improve operations.

How Bilimoria Mehta & Co Can Assist You

  • Conduct risk-based audits for accuracy, transparency, and growth.
  • Strengthen financial foundations with precise, compliant audit solutions.
  • Provide actionable insights to enhance decision-making and operations.
  • Support businesses of all sizes with tailored assurance services.

How Bilimoria Mehta & Co Can Assist You

  • Simplify tax compliance with expert Tax & Regulatory advisory.
  • Optimize tax strategies to reduce liabilities and maximize efficiency.
  • Navigate complex regulations confidently with our Tax & Regulatory solutions.
  • Stay updated and compliant with proactive tax planning support.

How Bilimoria Mehta & Co Can Assist You

  • Overcome challenges with strategic, client-focused guidance from our Advisory services.
  • Achieve sustainable growth through personalized solutions designed for your business.
  • Enhance performance with actionable insights delivered by our Advisory experts.
  • Drive innovation and success with forward-thinking strategies tailored to your goals.

How Bilimoria Mehta & Co Can Assist You

  • Streamline operations with expert Business & Outsourcing services.
  • Reduce costs and enhance efficiency through specialized outsourcing.
  • Stay compliant while focusing on growth with Business & Outsourcing solutions.
  • Access skilled professionals and advanced technologies for better results.

The Bilimoria Perspective -  

Audit & Assurance

January 6, 2023

Dhwanil

SOX Compliances

Sarbanes Oxley Act (or SOX Act) is a U.S. law which was passed on July 30, 2002. Witnessing a number of high-profile accounting scandals in the U.S., including Eron, Tyco, WorldCom, and the bursting of the dot-com bubble in the late 1990s, which resulted in huge losses to the investor & badly impacted the financial market. After all those incidents happened in U.S. Lawmakers felt it was necessary to implement strict rules for accountants, auditors, & corporate officers with a view to reduce scandals the country would face in the future. SOX Act, 2002 was implemented with a view to protect shareholders, Employees & investors from accounting errors & fraudulent financial practices. Why SOX? SOX audit ensure the effectiveness and efficiency of IFC. It also helps in identifications of risk involved in the system where there are no any such controls to mitigate such risks. It also improved the documentation in the organisations as SOX make the companies personnel accountable for completeness & accuracy of records. It also helps the organisations in identifying of any illegal activities carried out by any personnel in the organisations, also ensures reduction of manual work carried on in the organisations through automation. With the help of SOX audit, organisations can mitigate the risk both at designed level and operational level associated with the processes by implementing the proper control on it.

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Let’s create success together. Reach out to BILiMORIA MEHTA & CO.  to learn how we can help your business achieve its goals in an ever-evolving landscape.