CEFRG provides appropriate insights, solutions and training to equip the diverse players and participants in field of financial reporting and governance like
• Partners and Managers of accounting firms,
• Independent directors,
• Internal auditors
• Chief financial officers and his accounting teams
• Audit committees
to dramatically improve the entire gamut of financial reporting and system of governance by working with them closely in this arena so that they can perform their respective roles more efficiently and effectively.
Small & Medium sized Audit Firms
TALENTED AUDIT FIRMS – they need the techniques to scale. Our focus on the Statutory Auditors begins with small and medium sized CA firms, a constituency that is getting rapidly marginalized as large domestic firms with international affiliations and deep pockets increase their domination and grip on the Indian professional services market. The problems for these firms are similar as those faced by the SME segment in any sector – lack of access to finance; appropriate processes and methodologies to scale and the paucity of handholding / mentoring amongst other issues.
VISIONING & STRATEGY WORKSHOPS Our proprietary visioning and strategy workshops with key players of the firms who will have intense interactions with experienced CEFRG promoters will help chart a practical road map for growing and scaling the professional services firms. It typically examines Where we are, where do we have to go, how do we get there?
AUDIT QUALITY IMPROVEMENT REVIEWS The CEFRG Audit Quality Improvement Reviews (AQIR) is a quick diagnostic assessment, for select audit firms. Typically it is a two days exercise, where we will begin with a quick desktop review of any selected AUDIT FILE and we will benchmark it to our CEFRG Audit Methodology, disciplines and processes. This review, done without the usual confrontational attitude, will provide a SWOT analysis of the audit practice with specific guidelines for quality improvements to enhance the efficacy of attest functions.
CEFRG CERTIFIED FIRMS Our methodologies, work flows, technology solutions, business processes, sales and marketing tools, leadership and skill development workshops, performance management systems, engagement economics assessment tools, risk management framework and appropriate governance structures are offered to select professional firms who can become CEFRG certified firms, a stamp of continuous quality assurance and monitoring mechanisms. Such firms can draw upon the experiences and resources of CEFRG to confidently develop and scale their practices to newer heights.
HERE IS A QUICK OVERVIEW OF WHAT SERIOUS AUDIT FIRMS CAN GET FROM CEFRG.