NOUFAL KUNNATHODI

 Review of Financial Statements: Ensure the company’s financial statements, including the balance sheet, profit and loss account, and cash flow statements, comply with applicable accounting standards (e.g., IFRS, GAAP) and regulatory requirements.  Ensure Compliance with Laws and Regulations: Verify that the company is adhering to tax laws, labor laws, and industry-specific regulations. Non- compliance can result in financial penalties and reputational damage.  Internal Control Evaluation: Assess the effectiveness of the company’s internal control systems. Highlight any weaknesses or areas where controls can be improved to prevent fraud, errors, or inefficiencies.  Fraud Detection: Setting policies and procedure for detection of fraud for obtaining management goal.

 Strategic Advice: While auditing, where the company can optimize operations, improve financial performance, or manage costs more effectively. Provide insights based on your audit findings to help the business improve.  Tax Planning and Optimization: Advise the company on opportunities for tax savings or restructuring, based on your deep understanding of tax laws, regulations, and the company's financial standing.

Management Communication: Communicate with management and the board about audit findings, areas of concern, and any recommendations for improvement.

 Internal Control Evaluation: Reviewing and documenting internal controls. Testing the effectiveness of internal control mechanisms.  Risk Assessment: Identifying key risks faced by the client. Assisting in preparing audit reports with risk-based findings.  Compliance and Reporting: Ensuring adherence to audit methodology and regulatory requirements.