7 Corporate Legal Advisory Services: A Simple Definition

S I G M A C & CO, Chartered Accountants was established in 1997. The firm is made up of qualified auditors, accountants, business and tax consultants. We are based in Mumbai, India’s financial capital, and have offices in Delhi NCR and Aurangabad. Years of experience have resulted in considerable growth and dramatic advancement with a single focus: excellent customer service with a continual commitment to provide best-in-class service to our clients.

7 Corporate Legal Advisory Services:

We offer a comprehensive range of corporate legal consultancy services in India, which reflects our knowledge and experience in a variety of legal practice areas. Whatever service you choose, you may remain compliant and competitive. Among the primary areas of specialization are,

  1. Mergers and Acquisitions: Creating synergy Mergers and acquisitions (M&A) are commonly used to produce synergies that result in the merged firm being worth more than the two companies independently.

  2. Contractual Law: Contract law is the corpus of law that governs, enforces, and analyses agreements involving the exchange of products, services, real estate, or money. An agreement established between two or more people or business entities that promises to perform something in exchange for a gain or advantage is legally binding, according to contract law.

  3. Corporate and Commercial Law: Corporate law oversees the establishment of corporations, shareholder rights, mergers and acquisitions, whereas business law or commercial law governs the selling and distribution of goods.
  1. Insolvency Law and Restructuring: Because insolvency and restructuring involve mounds of documentation, lawyers must be organized and able to prioritize their task, especially when dealing with many assignments. With so much at risk, attention to detail is critical when drafting asset sale agreements or court paperwork.
  1. Concessions and Public Procurement: The Public Procurement and Concessions Commission (PPCC) has launched a number of public awareness efforts to measure public opinion on the effects of Liberia’s public procurement implementation programme.
  1. Antitrust and Competition Law: Antitrust and competition laws strive to prevent anti-competitive practices from undermining the benefits of a competitive market. According to the Company’s Antitrust Policy, every director, officer, and employee is responsible for adhering to all applicable antitrust and competition laws.
     
  2. Real Estate and Construction: Antitrust and competition laws strive to prevent anti competitive practices from undermining the benefits of a competitive market. According to the Company’s Antitrust Policy, every director, officer, and employee is responsible for adhering to all applicable antitrust and competition laws.

In India, we offer a wide range of business legal advising services. We take great satisfaction in declaring that we rely on the most trusted Corporate Insolvency Process in India to provide complete peace of mind to our clients. We have carved a place in the business by having years of experience working with enterprises suffering from financial failure and insolvency. So, if your company is unable to satisfy its pending financial obligations to its lender, we can assist you by modifying the loan repayment schedule.

Audit And Assurance Company On A Budget: 8 Tips From The Great Depression

Audit And Assurance Company On A Budget: 8 Tips From The Great Depression

Audits are divided into three stages: preparation, fieldwork, and reporting. Each phase can also be subdivided further. There are eight major steps in the preparation phase:

 

  • Receipt of Assignment: This phase informs your auditor if they must do a financial statement audit or a more comprehensive performance or compliance audit. They may be given a vague assignment, to begin with, but as auditing experts, they will be able to swiftly identify the job’s relevant objectives.

  • Research the Audit Subject: The AICPA issues Auditing Standards Statements (SAS). These publications provide external auditors with guidance. The US GAO also publishes the Yellow Book, which contains auditing requirements for federal entities. Both sorts of publications specify the questions auditors should ask their respondents before conducting risk assessments. Understanding the industry, the legislation, the nature of the company, the entity’s objectives and plans, the technique the entity uses to assess and review financial performance, and the entity’s internal controls are among these. To save time during this phase, many auditors adhere to the same last year’s (SALY) philosophy. This indicates that they do the audit in the same method as the prior year. Many auditors, however, disagree with this technique because they believe it is lazy.

  • Determine Audit Criteria: This is the auditor’s standard. Auditors conduct financial audits and compare them to the Financial Accounting Standards Board’s Generally Accepted Auditing Standards (GAAS) (FASB). Before the audit, the client and auditor must agree on the benchmark for audits that go beyond finances.

  • Perform the Risk Assessment: A risk assessment consists of two parts: segmenting the audit and measuring the risk of each segment. Financial statement audits are already segmented by SASs. When it comes to other sorts of audits, auditors may have to get creative to separate the risk groups. The auditor then applies an audit risk calculation to each piece: (Detection Risk) x (Inherent Risk) x (Audit Risk) (Control Risk). This formula calculates the probability of incorrect findings as well as undetected major misstatements. The auditor has complete control over the detection risk in this calculation.

  • Confirm Audit Objectives: The auditor has already analyzed the risks and can confirm what the audit objective(s) are at this point. In the case of a financial audit, for example, the auditor can include specific objectives (sub-objectives) such as a review of cash receipts.

  • Choose Audit Method: The techniques for making decisive findings should come naturally from the audit goals. The auditor will link each aim to a methodology such that their results are supported by good evidence. Methodologies include sampling, observations, interviews, and fluctuation analysis, to name a few.

  • Link the Method to Cost: Once the auditor has determined the methodologies, the auditor will budget the cost so that the firm may estimate the total cost of the audit.

  • Confirm the Audit Plan: Your auditor’s final step before going on the field is to finalize their plan with your company. The on-site process can begin once your company has confirmed the plan and is satisfied with the number of hours that correspond to the methodology and expenses.

 

The firm, S I G M A C & Co, Chartered Accountants, was founded in 1997. Qualified Auditors, Accountants, and Business and Tax Consultants make up the firm. We are headquartered in Mumbai, India’s financial center, and have operations in Delhi NCR, and Aurangabad. Years of expertise have led to significant expansion and dramatic advancement with one focus: qualitative customer service with an ongoing commitment to give best-in-class service to our clients.