Mystery 2 - Nangia & Co LLP

Internal Financial Controls

Preservation and maximizing personal and family wealth involve various tangents such as personal aspirations, family dynamics and other socio-economic factors. All this warrants a distinct approach and bespoke and tailored solutions of trusted advisors.

Strategies

Achieve huge success with our expertise

Our firm has a strong focus on Private Client Services, offering deep insights into the unique needs of promoters and entrepreneurs. With years of experience, we act as trusted advisors, guiding clients through the complexities of their personal and business life cycles. We assist with family offices, succession planning, aligning group structures for value consolidation, and facilitating investment enablement. Our services also include planning for family assets, residential status, and other specialized needs.

The inherent needs and aspirations of the promoters and the businesses they own are aligned yet so distinct. Promoter and family wealth related matters involve sensitive issues and cookie-cutter solutions may not achieve desired results. Dynamic and ever evolving domestic and international tax and regulatory landscape germinates myriad challenges and warrants the need to ensure that the operations are structured in an efficient and compliant manner. Catering to promoter-centric needs requires specialised discreet solution-based approach taking into account promoters’ needs.

Key Questions to Consider:

How well are Promoters insulated from the risks caused by business operations & personal disposition?
Has the plan for inheritance of the family holdings been outlined to protect against future contingencies?
Is there a residency shift plan being contemplated by anyone in the family? Does your succession plan factor this?
Have you factored interplay of personal law and your special needs?
Does your holding structure mitigate future conflicts between stakeholders?
Have you thought about succession planning for preservation and most appropriate requirements of the family wealth?
Is the shareholding enabled for value consolidation to facilitate fund raise and maximize shareholder value?
The Effective Tax Rate of the group is optimized but what about the taxability at the promoter level?

Promoter Wealth Life Cycle:

Wealth Creation
Wealth Consolidation
Value Realization and Monetization
Wealth Protection and Preservation
Wealth Distribution and Succession Planning

Strategies

Achieve huge success with our expertise

Audits are crucial for maintaining confidence in both your company and the financial system, especially in today’s fast-paced corporate reporting environment. This environment is marked by investor scrutiny and 24/7 oversight of both financial and non-financial information. Auditing goes beyond the legal requirement to certify annual accounts; it provides the objective judgment needed to make information reliable for decision-makers.

At Nangia & Co, our professionals bring years of experience, industry expertise, and integrity to every audit. Our approach is customized to fit the size and nature of your organization, leveraging our deep understanding of laws, regulations, and industry standards. We focus on delivering value by ensuring transparent reporting to your stakeholders. We also integrate technology into our audits, utilizing data analytics for both documentation and audit procedures.

As one of the few firms registered with the PCAOB, USA, and holding an effective Peer Review Certificate from the Institute of Chartered Accountants of India, we are well-equipped to handle audits for listed and public-interest entities.