Audit Support and Clean-up of Books of Accounts for Subsidiaries of a US-based Pharmaceutical Company

Clean up of Books of Accounts

The Nexdigm team performed a detailed review of all Financial Statement Line Items (FSLI) to align them with US GAAP and Ind AS/IGAAP respectively. We reviewed the underlying documents and conducted management inquiries to finalize the necessary rectifications for reconciling the management and statutory books. We also provided adjustments for accounting entries to be posted in the books of accounts.

Preparation of Local GAAP-compliant Accounts and Financial Statements

Our team reviewed the company's data, records, and methods of maintaining management and statutory accounts. We then prepared accounts compliant with the local laws, including a review of complex areas, including inventory, consumption of goods, revenue, payroll expenses, inter-company balances, and related party transactions.