M.SENGUPTA & ASSOCIATES

M.SENGUPTA& ASSOCIATES registered as a proprietorship   Firm of Chartered Accountants in KOLKATA West Bengal,Head Office in Behala, Shaker Bazaar, pin 700008, Kolkata.✍️ Firm was Registered in 2018.

We carry the legacy of vivid experience and varied exposure in the audit and consultancy of Public Sector Enterprises and Government Projects with a myriad specialization in projects funded by International Bank for Reconstruction and Development, Asian Development Bank & DFID.

Adding this to our creditable records streamlined with up-to-date practicing tools and expertise; the end-product is sustainable and responsible services to add value to our client’s business objective. We are rooted in the values and virtues of the profession.

Amassed from years of experience, knowledge, and service delivery credited with quality is our core competence in what we deliver. Evolving with the growing technology, our methodologies are customized to meet client requirements; the unique confluence of classicism and innovation, technology, tradition, and professionalism helps us to drill out the best-suited solution for our clients across the domain and our goal does not end with the delivery; we carry out "Risk-Based Assurance Reviews" to ensure that client can approach towards their objective in a hassle-free manner.

                                                                                 Audit

M.SENGUPTA& ASSOCIATES is Specialised in Statutory Audit, Internal Audit, Bank Audit, Concurrent Audit, Information System Audit, SAP Audit, and Cyber Security Audit

Today, change is coming faster than ever before – and there is more of it. The sheer velocity of change has upended the business environment and rearranged the landscape.

Organizations must identify, assess, and address emerging risks without losing sight of their existing business and control environment. They are not only working to get ahead of the curve - often they are struggling to keep up – and not always succeeding.

Management, audit committees and boards of directors rely on internal audit (IA) to provide assessments and assurance around the effectiveness of controls and company processes, while also providing support in a diverse array of risk and business process improvement areas.

Our services can help clients strategically assess, remediate, and improve control issues identified, while also elevating the profile of internal audit in identifying and addressing complex emerging risk areas.

We help organizations achieve cost efficiencies in their internal audit functions through the variable cost model we offer, combined with our offshore capabilities. Additionally, our ability to bring innovative ideas and advisory support, greater technology enablement, and broad subject matter experience in complex areas globally allows us to help clients gain significantly enhanced value from internal audits and across other important priority areas of the organization.

Our Services.

·         Statutory Audit

·         Internal Audit

·         Bank Audit

·         Concurrent Audit

·         Store / Physical Verification Audit

·         School & College Audit

·         Information & System Audit

·         Data Migration Audit.

·         SAP Audit

·         Cyber Security Audit.

                                                             Power Plant Technical Services

Operation & Maintenance (O&M) Audit.

                                                  Plant Assessment (Operation & Maintenance, O&M)

"M.SENGUPTA& ASSOCIATES" plant assessment (Operation & Maintenance, O&M) team has completed due diligence and technical audits nationwide. Our team has executed audits not only for asset acquisitions but also for third-party Operation & Maintenance(O&M) audits. Our team consists of an auditing team leader, mechanical expert, electrical expert, and controls expert. This team covers all technical facets of the facility. Typically, our team will meet with the client to develop specific audit requirements. The report is presented in person to the client so the report findings. At that time, any questions about findings or the conduct of the review can be addressed directly with the Audit Team Leader.

The following describes M.SENGUPTA & ASSOCIATES, approach towards the performance of a Power Facility Plant Assessment (Operation & Maintenance, O&M). The audit consists of 4 phases:

·         Audit Checklist Development

·         Audit Execution

·         Development of the Audit Report

·         Delivery of the Audit Report and Findings

Offerings:

·         Site Walk-downs

·         Fatal Flaw Analysis

·         Internal Component Inspections

·         Site Personnel Interviews

·         Review of Operational History

·         Development of Future O&M and Capital Expenditures

·         Operability Design Reviews

·         Operations & Maintenance Assessment

·         Outage Readiness Assessment

·         Safety Assessment

·         Due Diligence

·         Inventory Management.

                                                       Information System

What Are the Top 5 Benefits of an Information System Audit for Your Company’s Computing System to Run Smoothly?

Whether you monitor and manage the technology (Information System) for a financial institution, an insurance company, an accounting firm, a healthcare facility, or another firm that handles highly sensitive client data, it is imperative that you continually monitor your computing system for inconsistencies. An Information System audit, however, can help you take things several steps deeper to detect technological security risks quickly so you can manage them just as swiftly, as well as accurately and completely.

Consider some of the 5 benefits that you, your IT team and your organization can reap from performing regularly scheduled internal audits:

1. Measure Your Practices and Processes Against Proposed Procedures and Make Corrections.

You, your company’s CEOs and CFOs, and your IT team probably regularly meet to discuss idea procedures that you intend to follow — and instruct your staff to follow — to ensure that your technological goals for security and efficiency align with your set procedures. If you discover inconsistencies, it is a good time to distribute a memo, hold a meeting, or reach out to a staff member in violation — often due to confusion — to address and correct the issue, or issues.

2. Reduce the Risks of Data Breaches and Other Cybersecurity Concerns.

By regularly conducting simulated exercises that relate to your company’s crisis management plan, also known as penetration tests or pen tests, as well as vulnerability scans, you additional means of determining the soundness of your network architecture to help protect against cyber-attacks and other breaches. With these tests — often called “white hat tests” since the good guys are the ones executing the attack — you can get an insider’s view of the health of your computing system and its ability to stave off attacks. This information arms you and your IT team with invaluable information that can help you detect and correct SQL injections, out of date system patches, misconfigured server settings, and problematic in-house developed software.

3. Protect Your Internal Network.

Detect vulnerabilities within your computer system’s internal framework to secure critical information stored in your computing system with regularly scheduled Information System audit practices. Such audits can help you determine whether your single layer of defense lining the perimeter of your system works well enough. If your Information System audit feedback indicates vulnerabilities, you might turn your focus to improving your defenses by using a multi-layered approach to internal data security.

4. Staying Up-to-Date on Governmental Regulations to Maintain Compliance.

Whether federal, state, local — or all at levels — all businesses must comply with certain regulations and statutes. Since enforcement agencies have no obligation to inform business owners about any laws or regulations, it is up to organizations to stay one step ahead. Your executive and IT team have probably an established list of statutes and regulations that you know are relevant to your business and a specific agency. However, these statutes and regulations can change — sometimes in such subtle ways that it is easy to miss — in an instant and, again, with no notification sent to business owners. An Information System audit helps you and your team keep up with these critical legal concerns to make sure you stay in compliance to avoid fines or any other possible sanctions.

5. Monitor Mobile Technology Security and Efficiency.

If you have a BYOD policy, it is important to perform Information System audits to determine how many BYODs you have authorized, as well as devices you have purchased and assigned to staff members. A thorough mobile technology Information System audit helps you report stolen or lost personal devices and also gives you a chance to ensure that each device features encryption to protect sensitive data, or that mobile users do not keep such data on their personal computing devices.

Once you start practicing regular Information System audits, you will discover a huge range of additional benefits, which include defining and maintaining a consistent social media policy, keeping your board of directors aware of the health of the computing system, improving your approach to effective risk management, and staying mindful of emerging technologies, among others.

Our Services.

·         INFORMATION SYSTEM AUDIT.

·         SOC AUDIT.

·         MIGRATION AUDIT.

·         GDPR COMPLIANCE.

·         THIRD-PARTY RISK ASSESSMENTS.

·         POST IMPLEMENTATION REVIEW.

·         ISO 27001.

·         CYBERSECURITY AUDIT.

·         ENTERPRISE RISK ASSESSMENTS.

·         DATABASE SECURITY AUDIT.

·         PENETRATION TESTING.

·         VULNERABILITY TESTING

                                                       FINANCIAL & ACCOUNTING, TAX CONSULTANT(Commonwealth CountrieS)

                                                                          FINANCIAL& ACCOUNTING

 CAs work in four main areas: applied finance, financial accounting and reporting, management accounting, and taxation. Their responsibilities may include filing taxes and auditing financial statements.  Chartered accountants are financial professionals who execute accounting procedures.

Chartered accountants (CAs) earn their designation based on the rules and regulations of the country in which they work. CAs work for organizations, businesses, governments, and individuals in both the private and public sectors. They generally focus on one of four areas:

• Applied finance

• Financial accounting and reporting

• Management accounting

• nformed financial decision-making

• Optimized resource allocation

• Increased wealth creation

• Reduced financial risk

• Achieved financial goals

• Improved cash flow management

• Enhanced business growth

• Accurate financial reporting

• Improved cash flow management

• Enhanced financial decision-making

• Reduced errors and discrepancies

• Compliance with regulatory requirements

• Increased efficiency and productivity

Depending on their area of focus, CAs may handle one aspect of a company's business, such as auditing financial statements. Others may oversee all of a company's accounting needs, or they may work as freelancers who handle accounting matters for multiple clients. CAs are qualified to file a business's tax returns, audit financial statements and business practices, and offer advisory services to clients.

                                                                            TAXATION

"M.SENGUPTA& ASSOCIATES", Have Work Experirnce , doing as TAX Consultant Work in TANZANIA, UGANDA,KENYA, 

• Preparing and Filing Tax Returns: Tax advisors collect information from clients, such as income and expenses, to calculate taxes owed. Once computed, the tax consultant files a return with the appropriate regulatory body.

• Researching Tax Laws: To ensure clients comply with the latest regulations, tax consultants may read tax law journals, attend seminars, and network with other tax professionals. Research skills benefit organizations by ensuring that clients follow the law and pay the correct amount of taxes.

• Representing Clients in Audits: Tax consultants represent clients during audits to ensure the tax return is accurate to minimize tax payments. By guiding the process, they can reduce the time and money invested by the organization, along with the overall tax liability.

• Providing Tax Advice: These accounting specialists advise clients on how to minimize tax liability. This guidance may cover available deductions or types of income to report.

• Assisting Clients with Tax Planning: A tax consultant may develop and recommend strategies to reduce taxable income, take advantage of tax breaks, or defer taxes to a later date.

** IN THE CASE OF TAX AUDIT , SIGNING POWER HAVE ONLY FOR INDIA.

                                                                            IFRS

Accouting making as per IFRS doing here with knowledge ,intergrity, expertise,honesty. 

MIS(monthly information system , reporting service provide with key experience.

We are available as vartual CFO work with exeperience.

              HONESTY & INTERGRITY , EXPERTISE ,ACCOUTABLE ARE KEY ETHICS FOR OURS