Auditors in Chennai

Manage Your Company’s Financial Information with The Best Auditors in Chennai

Auditors have learned professionals who review the financial statements of organizations to ensure the validity and legality of the records. Besides, the auditors can also serve as legal advisors and suggest possible risk aversion measures and cost savings. If you want to maximize your business’s performance and efficiency, you must hire an experienced Auditor to review your financial records. Sulekha brings to you 2540+ verified Auditors in Chennai, offering a comprehensive range of financial and consulting services. They are qualified and experienced accountants who are equipped with the requisite skills and knowledge to develop a sustainable value for a wide range of businesses.

1) What are the benefits of hiring Auditors in Chennai?

By regularly reviewing the financial management records of a firm, auditors are able to detect fraud, wasteful and imperfect practices. They can help in protecting the company’s assets by preventing employee theft. Lastly, they offer unbiased audits that seek to ensure that the company complies with IRS guidelines at all times. This helps in increasing the credibility of your company.

2) What is the difference between Internal and External Auditors?

The difference between Internal and External Auditors can be understood by knowing the difference in their scope of work.

External Auditors are not the employees of the company, but independent, third-party professionals who are generally appointed by a shareholder’s vote. They evaluate the company’s financial statements to have a real picture of the organization’s health. Internal Auditors, on the other hand, are usually the employees of the company under audit. Besides evaluating the company’s accounts, these auditors also assess the company’s strategic initiative, policies, and process compliance. They also help to devise risk mitigation plans and follow up to verify that the plans are effective.

3) How long does it take to complete an Internal Audit?

The length of time for an Internal Audit depends upon several factors. For instance, the time required for an audit will vary depending upon the size of the organization and the strength and complexity of the organization’s internal controls. Based on this, some may take a couple of weeks while others may take several months.

4) Should I go for an External Audit for my business?

If you are a small business owner, you should certainly go for External Audit as External Auditors offer an objective opinion on the accounting process. They can help you with all the information regarding legal and tax issues as well as educate you about the intricacies of accounting procedure. Lastly, they will help in discovering errors that may prohibit you from making the best financial decisions.

5) What are the different types of auditing services offered by Auditors in Chennai?

The different types of auditing services offered by expert auditors include:

• Statutory Auditing
• Bank Auditing
• Outsourced Accounting Services
• Financial Statement Auditing
• Group Auditing
• Charity Auditing
• Management Auditing
• Cost Auditing
• Safety Auditing
• Financial Investigative Auditing
• Retail Auditing
• Risk Assurance

6) What are the different Auditing Techniques?

Auditors in Chennai generally use the following auditing techniques:

• Posting Verification
• Extension Verification
• Vouching
• Confirmations
• Physical Examination
• Reconciliation
• Testing

7) How can Sulekha help in choosing the best Auditors in Chennai?

With Sulekha, you can choose from 2540+ verified Auditors in Chennai who offer a spread of best auditing services to cover your entire value chain. Fill up the form above by selecting the type of reviewing service you require and our experts will get back to you with a qualified list of auditors. You can evaluate the services offered by different auditors before selecting the most suitable fit for your business.

So, maximize the efficiency of your company by hiring the best Auditors in Chennai through Sulekha.