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Audit & Assurance

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Statutory (external) & internal audit

Creating value that makes a real difference to a client’s business is intrinsic to the RSA audit. Quality audits that bring unexpected and far-reaching benefits do not come from an unthinking compliance mindset but from a knowledgeable, questioning, imaginative and insightful approach.

The foundation of the service we deliver is the natural blend of compliance and value. We are experts in the application of audit methodology and audit techniques and use our expertise to bring precision and economy to our clients’ audits. We use our knowledge of each client, together with our position as trusted advisor, to match our approach and our solutions to their needs.

We do the statutory and tax audit as per the audit standards of Nepal. RSA Audit provides every client a separate Management Report containing identified deviation, risks and recommendations for improvement, which has been proven to be very helpful to the clients and a cause for appreciation.

Internal audit

RSA provides internal audit service to examine, test and assess the effectiveness and appropriateness of the internal control system within the organization.

Internal control system means all the policies and procedures adopted by the management of an entity to assist in achieving management’s objective of ensuring, as far as practicable, the orderly and efficient conduct of its business, including adherence to management policies, the safeguarding of assets, the prevention and detection of fraud and error, the accuracy and completeness of the accounting records and the timely preparation of reliable financial information.

Due diligence review

Due diligence is a program of critical analysis that the clients undertake prior to making business decisions in such areas as corporate mergers/acquisitions or major product purchases/sales. It is also a detail investigation into a business and/or person prior to singing contract.

Regulatory Compliance Audit and System Audit

A growing body of regulation imposes enormous burdens on institutions to safeguard their information systems, transaction processes and sensitive databases. Among them are Income Tax Act, Companies Act, Bonus Act, Labour Act, Foreign Investment and Technology Transfer Act, NRB Rules and Regulations, Directives, BAFIO, Internal Procedure Directive by Tourism, Travel and Trekking Agency Regulations, etc.

For all organizations engaged in activities that come under the control of a regulator, RSA provides support, advice and assurance to help you manage your regulatory risks. Knowing and unknowingly the deviation from the regulatory provisions may occur during the operation of the businesses, which if timely identified, remedied and corrected, will help clients from possible non compliances and its consequences thereof.

RSA not only provide regulatory compliance audit but also provides the system audit. System audit basically focuses on the compliance with the system practiced within the organization.