Transaction Audit

No transaction too small for our scrutiny.

Transaction Audits examine financial records to ensure accuracy, transparency, and compliance across all business dealings.
They detect errors or fraud, support financial integrity, and are vital during mergers or major financial shifts.

WHY IT MATTERS

Unclear or unverified financial transactions can lead to inaccurate reporting, tax complications, and loss of business reputation. In an increasingly regulated business environment, transaction audits help businesses ensure compliance with accounting standards and tax laws. Without this assurance, companies risk facing hefty fines, legal consequences, and potential damage to investor confidence. Inaccurate transactions can also cloud a company’s true financial health, leading to poor decision-making and strategic missteps. A detailed audit can pinpoint inefficiencies, identify discrepancies, and correct errors before they escalate. By providing a clear, verified financial picture, a transaction audit contributes to better financial management and long-term stability.

PROBLEM & PROTECTION

Neglecting to audit transactions regularly can result in hidden errors or fraud that affect financial reports, leading to potential financial losses or penalties. Without proper auditing, companies may unknowingly misstate their financial position or fail to detect fraudulent activities that could jeopardize their operations. A proactive transaction audit helps catch discrepancies early, ensuring business operations stay smooth, transparent, and compliant with regulations.

WHAT WE DO

Verification of Financial
Transactions

We review transactions to confirm accurate recording, proper authorization, and valid supporting documentation. Our audit checks entries against contracts, invoices, approvals, and payment proofs, ensuring compliance with accounting standards, company policies, and internal control frameworks.

High-Value And Suspicious
Transaction Review

We identify and examine high-value or unusual transactions that deviate from normal business patterns. Our review targets issues like round-tripping, fund diversion, fictitious vendors, and inflated purchases, using forensic techniques to detect fraud or internal collusion.

Contract And Vendor
Compliance Audit

We verify that financial transactions comply with terms in contracts, MoUs, or vendor agreements. Our audit identifies overpayments, SLA violations, duplicate payments, and unauthorized changes, while assessing procurement, vendor selection, and payment processes for adherence to policies.

Tax And Regulatory
Compliance of Transactions

We evaluate tax treatment accuracy on transactions involving VAT, withholding taxes, and other indirect taxes across jurisdictions. Our audit checks timely deductions, correct classifications, and filings, helping ensure compliance, reduce risks, and improve control frameworks.

Fund Utilization And End-Use
Monitoring

We audit the utilization of funds allocated to specific projects or financial arrangements, verifying if disbursed amounts were used as intended. Our procedures trace fund flows, compare actual use with budgets, and report any diversions—essential for grant audits, investor funding, bank loans, and CSR initiatives.