Audit

Knowcraft Analytics offers tailored solutions that encompass audit, review, and compilation as well as designing and implementing novel financial processes to reduce costs and increase efficiency.

Team Members

Years of Operations

%

Client Retention Rate

%

Cost Savings Achievable

%

NPS Score

Our team possess extensive experience conducting audits across diverse industries that provide a broad understanding of various business models, financial practices, and regulatory environments. Below are several key insights and experiences gained from our auditing endeavors in different sectors:

Financial Services

  • Complexity of Regulations
  • Focus on Controls
  • Data Analytics

Manufacturing

  • Inventory and Costing
  • Supply Chain
  • Capital Expenditure

Retail and Consumer Goods

  • Revenue Recognition
  • Inventory Valuation
  • E-Commerce Considerations

Financial Statement Audits

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Comprehensive audits of financial statements to ensure compliance with accounting standards and regulations. The goal is to express an opinion on whether the financial statements are free from material misstatement.

Internal Audits

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Evaluating and improving an organization’s internal controls, risk management, and governance processes. These audits help management ensure operational efficiency, policy compliance, and asset protection.

Compliances Audits

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Conducting audits to verify adherence to specific laws, regulations, or industry standards.

Forensic Audits

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Investigating financial records to detect fraud, embezzlement, or other financial crimes. This service often involves analyzing transactions and tracing assets to uncover any irregularities.

Operational Audits

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Reviewing an organization’s operational procedures and practices to identify inefficiencies, redundancies, and opportunities for improvement.

Due Diligence Audits

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Typically performed during mergers and acquisitions to assess the financial health, risks and opportunities associated with a target company. This may include reviewing financial records, contracts and any liabilities.

Special Purpose Audits

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Customized audits based on specific requirements such as audits related to grants, government funding or other special projects.

Agreed Upon Procedures (AUP)

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Performing specific procedures as agreed between the auditor and the client, usually focusing on the particular areas of concern, without providing an overall opinion.

Risk Management Audits

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Assessing an organization’s risk management processes to ensure that risks are identified, assessed and mitigated appropriately.

Sustainability and Environmental Audits

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Verifying and reporting on sustainability practices and compliance with environmental regulations and policies.

Experts Behind the Wheel

Why Choose Knowcraft for Auditing?

Diverse Industry Experience

Qualified & Seasoned Auditors

Robust Security Measures

Case Studies

Lattice Model

Lattice Model

A Binomial lattice model is an open-form model with more flexibility around certain features of an asset than the Black-Scholes model. It involves constructing a binomial tree with up and down paths at each node representing steps that consider the different paths the underlying asset could take during the term of the option.

ESOP Valuation

ESOP Valuation

An employee stock ownership plan (“ESOP”) is an employee benefit plan that gives the employees ownership interest in the Company in the form of stock.

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