Many clients value consulting services more than the audit and compliance services, which are considered operational. Consulting assignments open the door to new opportunities and new clientele. However, considering the skill sets required for consulting and the non-repetitive nature of such assignments, some firms may not be willing to develop an inhouse consulting team. In such cases, outsourcing becomes a more viable option.

Business Valuations

The advent of technology over the past decade has led to the emergence of a number of startups who are looking to raise funds. At the same time, large corporates are looking for investment avenues for inorganic growth. This has resulted in tremendous opportunities for accounting firms providing business valuation services.

Feasibility Studies

Entrepreneurs venturing into a new business or expanding to a new geography, wish to understand the financial viability before taking the investment decision. A feasibility study involves analyzing macro economic parameters and industry movements, and preparing detailed financial projections to estimate the return on investment, and assess the financial feasibility of the project.

Financial Due Diligence

While making a strategic investment, knowledge and understanding of the target company’s business and financial position is the most important factor.  A financial due diligence involves a thorough review and analysis of the target company’s balance sheet, contingent liabilities, revenue projections based on orders in hand, sustainability of key profit drivers etc.

Financial Model Validation

Detailed and often complicated financial projections prepared by promoters or corporates seeking funds are prone to arithmetical inaccuracies and errors in employing assumptions. This could potentially lead to inaccurate financial projections and expected results, jeopardizing a potential transaction. A financial model validation is a technique of analyzing the accuracy and appropriateness of the financial projections and the model used to prepare the forecasts.