The firm undertakes advisory assignments under agreed terms of reference, assisting management with financial analysis, planning and decision support. Advisory work is distinct from assurance and is reported accordingly.
Scope of work
Financial analysis
Budgeting and forecasting
Business planning
Financial due diligence
Management advisory
General process
01UnderstandingReview of the entity, its existing systems and the requirement in question.
02Engagement termsScope, responsibilities and information flow agreed and recorded in an engagement letter.
03ExecutionWork carried out on the basis of information and records provided by the entity.
04Review & reportingReview of output, discussion of observations and issue of the agreed deliverables.
Applicable regulatory considerations
Engagement terms agreed in writing
ICAI Code of Ethics and guidelines on services permitted to members
Sector-specific regulations, where relevant
Documents generally required
Historical financial statements
Budgets and business plans
MIS reports
Material contracts
Information specific to the assignment
The exact list is confirmed at the start of each engagement.Frequently asked questions
Enquiries about Business & Financial AdvisoryWrite to the office with a brief description of your requirement.
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