Assurance

The Assurance in Evolving Markets

We go beyond traditional assurance by addressing complex accounting issues, transactional events, and internal financial controls, evolving our services to match the dynamic market landscape. Our proactive approach dives deep into the variables decision-makers face, providing insights and clarity that inspire confidence and unlock new opportunities.

Assurance at Your Reach

Audit Excellence

At Shubhankar & Co. (S&C), audit services form the foundation of our client work, serving the public interest by fostering trust and confidence. Our multidisciplinary teams deliver high-quality audits, constantly innovating to provide value and transparency while offering exceptional client service.

S&C’s Dedicated Audit Team: Here to Serve You!

Empowering Your Business with S&C Audit Services

In today’s rapidly changing landscape, stringent regulations, digital transformation, competition, and the need to build trust in capital markets are reshaping the audit field faster than ever.

Question: How can S&C help us navigate these changes and ensure compliance?

Leading businesses are addressing these challenges head-on, investing in technologies and new business models to meet current demands and stay ahead of the curve.

At Shubhankar & Co. (S&C), we are committed to fostering confidence and trust through a deep understanding of the businesses we audit and enhancing transparency. Stakeholders need greater assurance and value from audits, and they count on our insights as trusted advisors to inform decision-making.

Our multidisciplinary teams tackle the most complex issues using a global audit methodology and the latest auditing tools and technologies. Clients benefit from our sector expertise and global insights tailored to their needs.

We have invested in digital technology to equip our auditors with tools that deliver a digital audit, transforming how we assess risks and opportunities, uncovering potential issues, and providing valuable insights. This leads to new ways of doing business and managing risks.

Audits must deliver stakeholder confidence while meeting regulatory scrutiny and must, therefore, be executed with the utmost quality and efficiency. We strive to offer exceptional service to every client, regardless of their size, scope, structure, or sector.

Our teams combine traditional skills like accounting and skepticism with expertise in analytics automation. By collaborating closely with clients, S&C professionals bring the best of their skills to every engagement.

Audit Quality

Why It’s Important: High-quality audits ensure accurate financial statements that evokes trust and confidence among stakeholders. For the firm, they prevent errors and fraud and provide insights that drive better decision-making.

Why We Offer It: We are committed to offering high-quality audits to help our clients build trust, comply with regulations, and achieve their business goals. Our focus on quality and knowledge of updatability enables us constantly innovate to meet market needs and provide exceptional service.

Digital Audit

Clients need a digital audit to understand their online presenceidentify hidden opportunities, and optimize their digital marketing strategies. It helps them uncover areas that are underperforming and areas with potential for growth.

Audience analysis, competitor analysis, SEO audits, advertising audits, Google Analytics audits, and social media audits.

Updated Audit Policy

40% of surveyed business and risk leaders reported improving their approach to risk to achieve more robust compliance in the past 12 months. By offering top-tier audit services, we help our clients build trust, meet regulations, and succeed in their business goals.

Reporting Advisory

  • On-Call Advisory: Real-time technical accounting and reporting support.

  • Accounting Standard Implementation: Assistance with new or amended standards.

  • Integrated Reporting: Implementing ISSB principles and integrated thinking.

  • Financial Reporting Support: Compliance with IFRS, US GAAP, Local GAAP, and financial statement development.

  • Managed Services: Supplementing accounting teams with short- and long-term talent resources.

Performing Audit with Integrity

Our teams are trained to question assumptions and seek corroborative evidence, Transparency and fostering long-term relationships are our first priority for you

Financial accounting advisory services

In developing countries, the need for accurate and transparent financial reporting is crucial for economic growth and attracting investment.

At Shubhankar & Co. (S&C), we help CFOs and finance functions meet these evolving requirements by providing insights and services that ensure transparency and trust in reporting. Our support includes accounting, reporting, transaction accounting, treasury, and corporate governance challenges in a dynamic economic and regulatory environment.

Empowering Financial Growth with (S&C)

At Shubhankar & Co. (S&C), we understand the unique challenges faced by businesses in developing countries. We support you in building an effective and efficient finance function with a range of accounting, reporting, and analytics services tailored to your needs.

Our experts help you determine, monitor, and disclose financial and non-financial insights for your stakeholders, addressing the CFO’s agenda. We provide CFOs, controllers, treasurers, and audit committees with insights and services needed to comply with evolving financial requirements, ensuring transparency and trust in reporting for better decision-making. We also enhance finance functions with robust financial data analytics and innovative tools.

Our services cover accounting and reporting, transaction accounting, treasury, and corporate governance, helping your business adapt to changing market conditions, demands for greater transparency, and regulatory requirements. By providing innovative support, we aim to inspire confidence and address reporting challenges, helping businesses in developing countries thrive in a dynamic economic and regulatory environment.

Transaction Accounting

Transaction accounting involves recording, analyzing, and reporting financial transactions to ensure accuracy and compliance with accounting standards and regulations.

Why Firms Need It: Accurate transaction accounting is essential for maintaining financial integrity, ensuring regulatory compliance, and making informed business decisions. It helps firms track their financial health, identify potential issues early, and build trust with stakeholders.

How We Can Help: At Shubhankar & Co. (S&C), we leverage our extensive experience of over 25+ years in both private and public sectors and our track record of working with Fortune 500 companies and managing multi-billion dollar projects. Our expert team ensures your financial processes are accurate and efficient, maintaining compliance with regulatory standards and providing precise and reliable data to support your financial decision-making.

Treasury, Commodities

Treasury and commodities services involve managing financial assets, liquidity, and commodity risks to ensure optimal financial performance and risk mitigation for businesses.

Why Firms Need It: Effective treasury management and commodities services are crucial for maintaining financial stability, optimizing liquidity, and managing risks related to commodity price fluctuations. These services help firms navigate volatile markets, ensuring they have the resources to meet financial obligations and capitalize on opportunities.

How We Can Help: At Shubhankar & Co. (S&C), we bring over 25+ years of experience in both private and public sectors, managing multi-billion dollar projects, and collaborating with Fortune 500 companies. Our team provides comprehensive treasury and commodities services, ensuring your financial assets are managed efficiently, liquidity is optimized, and commodity risks are effectively mitigated. We tailor our approach to meet the unique needs of businesses in developing economies.

Capital Markets

Startup investment involves funding new and emerging companies with the potential for high growth. Capital markets, on the other hand, involve trading financial securities like stocks and bonds, facilitating the raising of capital for businesses.

Why Firms Need It: Startup investment is crucial for providing the necessary capital to innovate and grow. For new companies, access to capital markets is essential for raising funds, supporting expansion, and achieving long-term financial growth.

IPO Ready Strategy

An IPO Ready Strategy involves a comprehensive plan to prepare a private company for an Initial Public Offering, ensuring all necessary financial, legal, and operational frameworks are in place for a successful transition to public ownership.

Meeting regulatory requirements, attracting investors, and demonstrating operational readiness can position your company for growth, increased visibility, and access to capital markets.

Corporate Accounting

Corporate accounting involves the process of recording, analyzing, and reporting a company’s financial transactions to ensure the accuracy and integrity of financial statements. It encompasses tasks such as managing ledgers, preparing financial reports, and ensuring compliance with regulatory standards.

Why Firms Need It: Effective corporate accounting is essential for maintaining financial integrity, ensuring regulatory compliance, and making informed business decisions. It helps firms track their financial performance, identify potential issues early, and build trust with stakeholders.

Forensic & integrity

Integrity is about keeping word with unwavering commitment. This attracts top talent, fosters a purpose-driven work culture, and drives business growth. A strong foundation of integrity helps build robust partnerships with suppliers, employees, investors, regulators, and influencers.

At S&C, we help protect your organization’s reputation by upholding promises, respecting laws, and maintaining ethical standards. Our forensic integrity services focus on safeguarding your enterprise and financial reputation through thorough investigations, dispute resolution, and regulatory management.

Forensic Due Diligence

  • Conduct integrity forensic due diligence, including background analysis on key executives and counterparties.
  • Identify and assess risks that could cause significant reputational or financial damage, such as fraud, bribery, corruption, money laundering, economic sanctions, and conflicts of interest.
  • Conduct thorough due diligence on government contracts to identify and mitigate exposure to bribery and unethical practices.

Transaction Forensic

What S&C Consulting Can Do for You

Throughout the M&A lifecycle, S&C Consulting helps organizations and their advisers navigate the risks and opportunities inherent to M&A transactions.

Pre-Transaction: We deliver value by analyzing key financial transaction drivers in sales and purchase agreements (SPA), while mitigating potential reputation and regulatory challenges from prior business conduct.

Post-Transaction: We assist companies in identifying, mitigating, and resolving disputed financial items, ensuring a stable ongoing compliance environment.

Crisis Management

Crisis Types and Solutions

1.Confrontation:

  • Description: Discontented individuals or groups standing against an organization’s actions.
  • Examples: Strikes, boycotts, protests.
  • Solution Steps:
    • Engage in transparent communication with stakeholders.
    • Address grievances and seek to understand root causes.
    • Negotiate and find mutually agreeable solutions.

2.Misdeeds:

  • Description: Impact from actions of an organization’s people or customers.
  • Examples: Fraud, corruption, money laundering.
  • Solution Steps:
    • Establish strong internal controls and compliance programs.
    • Conduct regular audits and risk assessments.
    • Encourage a culture of ethics and transparency.

3.Technological:

  • Description: Impact from faults in systems or human error.
  • Examples: Software failures, industrial accidents.
  • Solution Steps:
    • Maintain and update technological infrastructure.
    • Train employees on proper use and maintenance.
    • Have contingency plans for system failures.

4.Man-made:

  • Description: Impact from crises triggered by external parties.
  • Examples: War, terrorism, financial crises.
  • Solution Steps:
    • Develop crisis management and contingency plans.
    • Stay informed about regulatory changes and geopolitical risks.
    • Foster relationships with key stakeholders and government agencies.

5.Natural:

  • Description: Impact from environmental phenomena.
  • Examples: Pandemics, hurricanes, floods.
  • Solution Steps:
    • Create disaster recovery and business continuity plans.
    • Train employees on emergency response procedures.

Crisis Category within a Business

The Four Main Crisis Categories Within a Business

1. Hidden Crises:

  • Description: Crises that exist within the organization but have not been detected.
  • Examples: Fraud, financial manipulation.
  • Solution Steps:
    • Implement rigorous internal audits.
    • Foster a culture of transparency.
    • Regularly review and update risk management protocols.

2.Creeping Crises:

  • Description: Crises that develop slowly and are often underestimated.
  • Examples: Regulatory changes, cyberattacks.
  • Solution Steps:
    • Stay informed about industry trends and regulations.
    • Invest in cybersecurity measures and regular assessments.
    • Develop proactive strategies for emerging risks.

3.Sudden Crises:

  • Description: Crises that happen without warning, often beyond the organization’s control.
  • Examples: Disease outbreaks, terrorism, product tampering.
  • Solution Steps:
    • Create comprehensive emergency response plans.
    • Train employees on crisis management and communication.
    • Ensure adequate insurance coverage for unexpected events.

4.Bizarre Crises:

  • Description: Crises that are unpredictable and unusual.
  • Examples: An airplane crashing into the office, food poisoning at a high-level retreat.
  • Solution Steps:
    • Develop flexible and adaptive crisis management plans.
    • Encourage creative problem-solving and resilience.
    • Maintain strong relationships with emergency services and stakeholders.

Private Client Audit

At S&C Consulting, we understand that no two private companies are the same. Whether you’re a startup, equity-backed, a family business, or a multinational market leader, an off-the-shelf audit won’t meet your unique needs.

To address the specific requirements of private companies, we have developed a customized audit experience designed exclusively for private clients.

Family Enterprise

We’re dedicated to supporting you, your family, your business, and your investments. Our goal is to help you grow a more valuable enterprise, navigate disruptions, and manage successful generational transitions.

Family Wealth Tax, Accounting and Advisory services

  • Tax advice and reporting for owners and families
  • Succession, wealth and generational transition planning
  • Family office and governance

Private Business Tax services

  • Private capital agenda
  • Business structuring, reorganizations, capitalization and liquidity
  • Cash tax planning and effectiveness
  • Compliance and reporting
  • Tax risk and controversy management

Through the Family Enterprise DNA Model, we empower family enterprises to concentrate on four strategic drivers essential for long-term success: business growth, company capitalization, generational transition, and stakeholder liquidity. This model is founded on over a century of experience working with family enterprises like yours.

Private Audit

This Service is dedicatedly to  support entrepreneurs, private businesses and their owners.

“Your passion fuels the heartbeat of your enterprise. As an owner, CEO, or entrepreneur driving a private or family business, you are dedicated to seeing it thrive and grow. To fully realize the potential of your ambition today, tomorrow, and in the future, you need an advisor with global connections who understands your unique perspective and can help turn your vision into tangible, measurable success.

Our teams are deeply committed to  Private clients. They truly understand the owner mindset and are dedicated to helping you achieve your boldest ambitions. With our support, your vision for growth and success becomes a reality

IPO TAX- Private

IPO professionals empower business leaders to access the public capital necessary to realize their growth ambitions and become market leaders in an ever-changing landscape.

Our IPO advisor crafted a blueprint for IPO success is built on strategy and clarity. We offer strategic guidance in evaluating listing options and locations, and provide a clear path through IPO readiness assessments, IPO preparation, financial statement attestation, and project management. With our support, your journey to market leadership is streamlined and effective.

Center Board Matters

  • On-Call Advisory: Real-time technical accounting and reporting support.

  • Accounting Standard Implementation: Assistance with new or amended standards.

  • Integrated Reporting: Implementing ISSB principles and integrated thinking.

  • Financial Reporting Support: Compliance with IFRS, US GAAP, Local GAAP, and financial statement development.

  • Managed Services: Supplementing accounting teams with short- and long-term talent resources.