AZL is a specialized services company to take care of GST(VAT), ESG Reporting, XBRL Implementation, Internal/Forensic Audit, IFRS Implementation, and New Business set up across the Global environment. About us
AZL is a specialized services company to take care of GST(VAT), ESG Reporting, XBRL Implementation, Internal/Forensic Audit, IFRS Implementation, and New Business set up across the Global en
vironment. With a Team size of more than 100 Professional having specialization in a different domain, AZL carry a vast network of Branches/Associates at Global Level besides PAN India Basis. With applicability across the board on all types of supply, there are different Acts and rules govern the GST provisions in India. Section 7 Which define the taxability read with Section 8 for type of supply, various provisions like Time of Supply, Valuation, Input Credit and Place of Supply are the integral part of CGST, IGST Act besides State Based SGST Act. AZL is a specialized services company to take care of GST, Service tax, VAT, other indirect tax needs of Large, Medium, small & tiny enterprises on a PAN India basis. AZL is working to transform itself into servicing clients post-GST implementation. ASTRAZURE LEGAL SERVICES PVT Ltd. is like a super specialty health center which provides well researched & sure shot solutions to all Indirect tax problems, with special emphasis on SERVICE TAX, & for GST to follow. AZL is being credited by authoring number of Books/articles, magazines, and other related papers for Indian GST Law and UAE. ESG (Environment, Social and Governance)
In Modern era, many investors before investing in a company looks into various aspects which ranges from Value to Values (Moral Values) to see the long-term potential of their investment. Where the value was initially perceived from “governance”, Values was recognized with Environmental and Social issues. If we broadly classified the issues wherein environment related issues deal with scarcity of natural resources, impact on climate change, changing demographics; Social issue range from reputation of organization, labour conflict, social impact of certain products/activities. Governance issues are more attributed towards poor management practices, Board compositions, Anti-bribery and corruption policy, Participation of shareholders. Different Stakeholders defines these issues based on their outlook. Whereas Ecologist look them as a matter of social responsibility, activist as moral responsibility, investment managers take them as fiduciary duty to see the risk and returns are better controlled. While considering these issues, how as responsible society we see the “sustainable investment” is the focal point. Environmental, Social and Governance popularly known as ESG is not a new phenomenon and was being in practice since long with different names like responsible investing, socially responsible investing and was even mandatory to report in many countries. The primary aim for responsible investment was to see more towards Investment with moral and societal values rather than looking only for Value (ROI). Looking into, adoption can be achieved by initiating with small steps, like, imparting training to staff on ESG, study of ESG issues prevalent in the relevant industry, regular monitoring & reporting, etc. Few Steps which are being offered by AZL are: -
• Identify the ESG factors related to nature of Organisation. Determine the positive value of factor. Consider Stakeholders for various factors.
• Set Overall Goals for each of ESG Factor, Divide them into short term and long term.
• Create a Budget/Timelines to implement strategies.
• Build a Sustainability Team fully equipped to understand the ESG framework.
• Define Success - Evaluate the Progress on parameters.
• Promote Your Performance. Internal/Forensic Audit
An internal audit is a process which offers risk management and evaluates the effectiveness of a company's internal controls, corporate governance, and accounting processes. Internal auditors provide management and board of directors a value-added service where flaws in a process may be flagged and corrected for better governance prospective. Thus the role of internal audit is to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively. A forensic audit is an analysis and review of the financial records of a company to extract facts for a specific objective; like investigation to prevent fraud/misappropriation and even which can be used in a court of law. Forensic auditing is a specialized field which require in-depth understanding of not only accounting procedure but also various tools and techniques of data analytics. The same should not only be seen to investigate but also for taking preventive measure in advance to protect raise early signals of any possible fraud. AZL with varied experience into the various assurance services also providing a due diligence services where in not only specialised review are being performed but also process are set up so that red flags can be created to sensitize the process for any possible fraud.
