Details

HMTS & Associates offers Financial Advisory Services to assist businesses in strengthening their internal systems, financial planning, and regulatory preparedness. These services are structured to support informed decision-making, improve operational efficiency, and ensure compliance with applicable frameworks.

1. Risk Assessment

• Identification and evaluation of key financial, operational, and compliance-related risks.

• Assessment of controls in place to mitigate identified risks.

• Preparation of risk matrices and documentation for review by management or the board.

2. Development of Standard Operating Procedures (SOPs)

• Drafting of function-specific SOPs covering processes such as procurement, sales, inventory, finance, and HR.

• Alignment of SOPs with internal control objectives and regulatory compliance.

• Assistance in implementation and monitoring of adherence to documented procedures.

3. Internal Controls over Financial Reporting (ICFR)

• Assessment and documentation of internal controls related to financial reporting.

• Testing of key controls to ensure reliability of financial statements.

• Identification of control gaps and recommendation of remediation measures.

• Support in preparation of ICFR documentation as required under the Companies Act, 2013.

4. Financial Planning & Budgeting

• Assistance in preparation of annual budgets, forecasts, and financial plans.

• Comparative analysis of budgeted vs. actual performance.

• Advisory support in cash flow planning and working capital management.

5. Business Decision Support

• Financial modeling and analysis to support capital expenditure, funding, or restructuring decisions.

• Preparation of MIS reports and performance dashboards tailored to business needs.

• Advisory on financial structuring for specific projects or business activities.