Special Audits

Custom audits for unique challenges.

Special Audits are customized audits designed to address specific issues or concerns within an organization. Unlike general or risk-based audits, special audits are initiated to investigate particular circumstances, such as suspected fraud, financial mismanagement, or operational inefficiencies. These audits are typically requested when unusual or specific situations arise that require a focused and thorough examination, such as disputes with vendors, misreporting of financial data, or compliance with unique contractual terms. The flexibility of special audits makes them invaluable tools for businesses facing unique challenges or risks that standard audits may not fully address. Special audits provide clarity in complex situations, allowing businesses to take corrective actions and ensure their operations remain transparent and compliant.

Why It Matters

Special audits are crucial when businesses encounter specific, unexpected challenges that require an in-depth investigation. Standard audits may not be detailed enough to uncover the nuances of these situations. A special audit helps organizations focus on the root causes of problems, whether it be fraud, contractual disputes, or regulatory concerns. This focused approach can save time, resources, and prevent further damage to the business. For example, a company facing a supplier dispute may request a special audit to investigate whether the issue is due to miscommunication, financial discrepancies, or potential fraud. This level of detail ensures that the organization can resolve the matter efficiently and accurately, minimizing long-term risks.

Problem & Protection

Without a specialized audit, businesses may miss critical details in complex scenarios, leading to unresolved disputes, continued operational inefficiencies, or undetected fraud. A special audit helps identify the source of specific problems, providing businesses with the insights needed to take appropriate corrective actions. This service ensures that no matter how complex or unique the challenge, organizations have a clear path to resolution.

What We Do

Forensic Audits & Investigations

We conduct forensic audits to investigate financial irregularities, fraud, and misconduct within organisations. By examining records, transactions, and communications, we uncover schemes or asset misappropriation. Using data analytics, we trace suspicious activity, detect conflicts, and identify control weaknesses.

Tax Audits & Transfer Pricing Reviews

We conduct tax audits to verify compliance with direct & indirect tax laws. Our team reviews tax positions, reconciliations, and documentation to identify discrepancies & reduce exposure. We perform transfer pricing reviews to assess whether intercompany transactions meet arm’s length standards.

Operational & Process Efficiency Audits

We assess business processes to identify inefficiencies, bottlenecks, and cost-saving opportunities. Our operational audits review procurement, production, logistics, and administration to enhance effectiveness, resource utilization, turnaround times, and opportunities for process automation.

Due Diligence Audits for M&A Transactions

We conduct financial and operational due diligence to support mergers, acquisitions, & strategic investments. Our team reviews financial statements, liabilities, contractual obligations, and legal risks of the target entity that could affect valuation, deal structure, or post-transaction integration.

Inventory & Asset Verification Audits

We verify and value inventory & fixed assets to ensure accurate financial reporting. Our audits identify discrepancies between book records and actual conditions. We evaluate inventory management systems, asset tagging practices, & internal controls to prevent pilferage or misuse.

Our Approach

We customize our audit approach using forensic accounting, data analytics, and compliance risk assessment techniques.

Scope Definition & Audit Planning – Identify key risks & audit requirements.
Financial & Operational Data Analysis – Review business transactions & compliance frameworks.
Compliance Verification & Anomaly Detection – Ensure adherence to regulatory, tax, and financial policies.
Audit Reporting & Actionable Insights – Provide detailed reports with recommendations.
Fraud Prevention & Continuous Monitoring – Implement custom fraud prevention strategies.

Benefits

Safeguard Your Financial Integrity

Provides targeted investigation into specific issues or concerns
Delivers clarity in complex or ambiguous situations
Helps businesses address disputes or discrepancies promptly
Identifies hidden risks that may not be detected by standard audits
Ensures the organization maintains transparency and integrity during challenging circumstances
Identify financial & operational anomalies through custom audits
Ensure regulatory & tax compliance with targeted reviews
Strengthen corporate fraud detection & financial reporting transparency