Auditing under the ever-changing technology landscape is becoming a highly complex process with the necessity to keep pace with the technology so as to provide value through the auditing process. The importance of auditors as a vital link in the financial reporting chain and their role as trusted advisors has increased manifold in the present era of institutional investors taking center stage.
We at MCS, have embraced technology as a tool to quality auditing and are continuously exploring beyond the traditional ways to understand stakeholders’ concerns relating to performance, privacy, risk, controls, and data analysis. Our experience in carrying out attest functions of large corporates and urge to understand the businesses of various industries where we carry out such functions, provides us with an edge in delivering quality services. This enables the stakeholders to have confidence in us. Our audit begins with understanding client’s areas of operation and identifying major risk areas. We work closely with the client to comply with Accounting Standards, Standards on Auditing, Regulatory Compliances and other applicable provisions of the law. Complicated issues in the conversion of Indian GAAP financials to International Financial Reporting Standards, adoption of Indian Accounting Standards (IndAS), in interpreting complex Accounting Standards are easily resolved with our thorough understanding of standards, legislation and regulations.