Services We Offer
SSAE 18 / SOC 2 / GDPR & IS AUDITS
SSAE 18, also called Statement on Standards for Attestation Engagements 18, is a regulation created by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for redefining and updating how service companies report on compliance controls. It supersedes SSAE 16 wef 1st May 2017
We perform SOC1 and SOC2 attestations of both types and follow the below mentioned activities in order to make you compliant:
- Perform risk assessment
- Evaluate the accuracy of the description of the system
- Assess factors that may cause the control objectives to fail
- Assess management’s assertions for ensuring that the controls are operating effectively
- Assess the availability of evidence that the controls are operating effectively
- Perform walkthrough of the controls
- Design and communicate test plan
- Perform test of controls design and operating effectiveness (for Type 2)
- Remediate findings
- Re-test failed controls
- Prepare and issue report
GDPR - Compliance Guidance
General Data Protection Regulations or GDPR is the new Privacy Protection Regulation adopted on 27th April 2016 by the European Union in substitution of the earlier Data Protection Regime. These privacy regulations which come with restrictions on non transferability of EU data to non compliant countries make it highly pertinent for countries outside EU also as it could make or ruin the data processing industry. GDPR came into effect across the EU on May 25, 2018.
We provide complete assistance to your organization in becoming GDPR compliant by providing training and relevant documentation on how to self certify for the same. We also assist you in getting the EU US Privacy shield in the process. Kriya ensures that at an operational level you are absolutely ready for compliance and are updated about your duties as a Data Processor or a Data Controller.
Cyber Security Services
Our services are categorised as below:
- Cyber Security Assessments
- Standard Attestations and Audits
- Regulatory Compliance Assessments
- Vulnerability and Threat Management
- Information Security Maturity Assessments
- Security Audits for Advanced Technologies
- Security Engineering
- Strategy and Governance
- Security as a Service
- Training and Awareness
- Technology Solution Implementation
- Data Privacy Audits
- GDPR Assessments
- CCPA Assessments
- HIPAA Assessments
- SOC 1/2/3 Assessments
- Data Privacy Impact Assessments
Kriya’s Advantage:
Highly qualified and trained professional’s viz., CISA, DISA, Chartered Accountants, having experience in handling ISA and can address complex ISA requirements.
Structured approach and methodology based on recognized global framework and standards (i.e. COBIT, ITIL, ISO/ IEC 27001, BS7799 etc.).
Extensive experience in conducting Management / Internal Audits of organisations in a variety of industries makes us the ideal partner for you in this exercise.
- Cyber Security Assessments
Internal Audit
Internal audit is an active line of work involved in helping organizations to achieve their objectives. It focuses on evaluating and improving the effectiveness of risk management, maintaining the regulatory compliance, as well as many other business departments and activities.
At Kriya, we offer
- Hardcore Internal Audit.
- Analyzing Accounting and Audit manual.
- Assessment of risks and open points.
- Measuring deviation at test check levels.
- Consideration of Fraud in internal audit.
- Internal process review / optimization.
- Assets at risk and their protection.
- Legal and situational internal control advisory.
- Business Continuity Planning / Disaster Recovery Planning
Process Audit
A process audit is intended to focus on a set of processes used in your business. It examines each process and compliance to individual specifications and procedures.
Following are the key points while carrying out Process Audits:
- Access and security of risk prone assets like computers and software
- Scrutinizing risk attached with Data Security
- Checking risks with system failure
- Identifying and filling gaps
- Checking Business Continuity Policy
Accounting & Consulting Services
Accounting, as a service in itself, is a growing service industry. Nobody can dispense the need for good and effective accounting. We, at Kriya Global, possess the necessary expertise and relevant resources required to provide cost effective and high quality Accounting and Business Process Outsourcing services. Such outsourcing of noncritical services allows our clients to concentrate and invest resources in their core business, by freeing up their valuable management time.
Our professional team is competent to handle accounting requirements for both India as well as US, UAE and Europe. Our team has the necessary expertise to provide accounting services with software’s like QuickBooks, Zoho, Xero, Tally and various other accounting softwares.
The services offered by us include:
- Accounting
- Payroll
- Budgeting
- Monthly MIS Reporting
- Consolidation Reporting Abroad
Our following strengths would help our clients recognize the advantages of outsourcing their accounting and other business processing needs to us:
- Well experienced and highly skilled professional staff with proven project management skills
- Exposure to varied industries such as finance, manufacturing, entertainment, service, retail and hospitality
- Quality performance
- Utmost emphasis on confidentiality and data protection. Our process and procedures ensure that your data is in safe hands at all times. Being in the field of Information Systems audit, we are aware of the Privacy laws in various countries like GDPR, CCPA, HIPAA etc
- Quick scalability with dedicated teams
- State of the art infrastructure facilities.
- Commitment to timely delivery
- Optimal combination of latest collaboration methods
- Comprehensive knowledge and vast experience of various accounting practices
Commercial Due Diligence
This is required mostly by lenders including banks and financial institutions called Financial due diligence for evaluating the performance of a business. It is also deep analysis but with focused concern towards the financial position of the company. Our dedicated team excels in this type of service and assists you to carry out important decisions based on these reports. Thus help you save money, resources and time.
We assist you in the following areas:
- Obtaining information regarding customer relationship
- Studying business plans of the entity
- Assessment of risks
- Forecasting business results
- Providing relevant reports
Financial Due Diligence
This is required mostly by lenders including banks and financial institutions called Financial due diligence for evaluating the performance of a business. It is also deep analysis but with focused concern towards the financial position of the company. Our dedicated team excels in this type of service and assists you to carry out important decisions based on these reports. Thus help you save money, resources and time.
We assist you in the following ways:
- Annual and quarterly financial reports for past three years
- Analysis of pace of sale and vendors
- Analysis of products and markets of the entity
- Checking Financial Projections of company
- Analysis of Capital structure and any plan of restructuring
- Other Financial information like foreign tax positions, carry forward of losses
- Study of investments/divestment and position of company among shareholders
- Analysis of Competitors
Tax Due Diligence
In practice, the most common form for tax risk mitigation is through tax warranties and indemnities in the agreement. The buyer needs to be balanced while negotiating for this tax protection to ensure that it does not impact the commerciality of the transaction for the seller.
We assist you in the following areas:
- Study on federal, local, state and other tax returns and audit reports.
- Analysis if tax opinions by experts and department
- Tax allocation, sharing, and preparation of agreements
- Agreements waived/ extended for the collection of local/state or federal taxes
- Exploring possibilities of any tax benefit arising from a transaction.
- Providing knowledge of valuation techniques combined with clearly documented advice.
- Assessing risk related to any pending tax proceedings
- Identify any material tax exposures that may be residing with the target.
- Structure the deal in a tax-efficient manner.
Corporate & Individual Taxation
Our firm offers Taxation Services to Companies and Individuals. We provide advice and guidance on various tax matters and assistance for effective tax planning. Clients engaged in international operations need proper international tax support from their auditors. They must be able to rely on professional tax advice in order to minimize their tax burden.
Our tax services include:
- Assisting in the Tax Planning of International Business Companies
- Assisting in the set up of a Group Structure based on the tax planning of a group of companies
- Assisting the companies to obtain a tax ruling from the Commissioner of Income Tax in order to ensure the effective use of companies within their Group structures.
- Provide tax opinions on the Cypriot tax aspects of the involvement of Cypriot companies involved in cross-border transactions.
- Provide services related to the application of double tax treaties, including the filing of requests for residency certificates.
- Assisting clients with tax investigations and obtaining tax clearances from the authorities.
- Preparation and submission of personal and corporation tax forms.
International Taxation
As companies expand globally, their international tax strategies must become more integrated and responsive. We can assist your organization in understanding the international tax compliance reporting, human capital issues, and trade or customs challenges. We can deliver value by helping you better understand your international tax situation and how it aligns with your global business strategy.
A glance at the International Tax Services we offer to our clients:
- Setting up Fund and guidance on tax issues relating to the setting up and operation of the Fund
- Advice on taxability on Liaison Offices, Branch Offices and Project Offices
- International Mergers and Acquisitions (‘M&A’) tax and regulatory advice
- Planning asset transfers between the Indian and foreign companies
- Permanent Establishment analysis including advice on the ways to avoid the exposure
- Assistance in obtaining Special Valuation Bench Order for the Indian subsidiary for import from related parties
- Guidance on equalization levy
GST
The Goods and Services Tax (GST) is a value-added tax rated on the goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.
At kriya, we provide comprehensive advice and assistance on various indirect taxes. These include:
- Business planning and structuring
- Health Check and reviews
- Indirect tax compliances
- Litigation support and representative services
- Audits prescribed under respective laws
- Due diligence review
