We start by gaining a thorough understanding of your business structure, operational model, and industry-specific requirements. This includes identifying the applicable IFRS standards for your sector, such as IFRS 15 for revenue recognition, IFRS 16 for leases, or IAS 2 for inventory. We also assess whether your company operates in multiple jurisdictions and how local regulations interact with IFRS reporting obligations. This deep initial review allows us to customize your reporting framework so it is both compliant and relevant to stakeholders.

Once we understand your business, we gather all relevant financial data, including trial balances, general ledgers, and supporting schedules. Our experts carefully review the data to ensure accuracy, completeness, and proper classification. Where necessary, we make adjustments for accruals, prepayments, foreign currency revaluation, and other IFRS-specific requirements. This stage also includes reconciling intercompany transactions and addressing any inconsistencies between management accounts and statutory requirements.

We conduct a detailed review of the draft statements to ensure there are no material errors or omissions. We coordinate with your auditors, board of directors, or investors for feedback and incorporate their suggestions where necessary. Once approved, we finalize the statements and assist with submission to regulatory bodies, banks, or shareholders as required. We also provide advisory support on improving reporting processes for future periods, helping you stay ahead of compliance changes.

• Industry-specific accounting treatments for complex transactions
• Accurate and transparent disclosures as per IFRS
• Alignment with UAE & Singapore local filing requirements

• Support during audits and investor due diligence

• Customized reporting formats for internal management use

• Error detection and correction before submission

We don’t believe in one-size-fits-all auditing. At Pawan Lohia & Associates, every Risk-Based Internal Audit begins with an in-depth understanding of your business model, industry dynamics, and regulatory exposure. Our team collaborates closely with your internal stakeholders to prioritize risk areas, define scope, and execute detailed audits with a strategic lens.