Social Impact Assessment and Social Audit Services
Social Impact Assessment of Corporate Social Responsibility Programs
To prevent corruption and ensure the proper application of social responsibility (CSR) programs, civil society organizations (CSOs), non-governmental organizations (NGOs) and political representatives have developed methodologies and processes to review and verify official records of expenditures and assess the actual impact of social projects.
Our multi-disciplinary team of experts at RVLK & ASSOCIATES can offer both donor and implementing agencies and organizations a comprehensive portfolio of services and solutions for the social audit and social impact assessment of CSR programs. Our services provide effective means to ensure that CSR projects are conducted effectively and are helpful to target beneficiaries. The social impact assessment of CSR programs also substantiates the influence and effects of the project and activities based on qualitative and quantitative indicators.
As an independent third party and solution provider, you can rely on us to assess your CSR programs.
Benefits at a Glance
Our services of social audit and social impact assessment can help to:
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Validate that corporate social responsibility programs meet their intended purpose and objectives.
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Enhance efficiency and effectiveness of CSR projects through structured, value-added social audit and feedback mechanisms.
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Align CSR programs with a structured, process-based international management system framework and a set of social best practices.
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Increase asset values through exhaustive CSR program documentation.
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Fulfill CSR project stakeholder expectations and ensure compliance with the Companies Act 2013 (or New Companies Bill).
Comprehensive Solutions for Social Impact Assessment and Audit
The comprehensive portfolio of services and solutions for the social impact evaluation and social audit of CSR programs will be delivered by a team of multi-disciplinary qualified and trained social workers (MSWs) with years of experience in corporate social responsibility and stakeholder consultation.
Our Social Impact Assessment and Audit Services Portfolio
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Necessary assessment and baseline survey.
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Identification and assessment of CSR project stakeholders and implementing partners.
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Social due diligence.
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Independent mid-term and end-of-project social impact assessment and social audit.
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Overall CSR program management and tailored services.
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Service quality management system for non-governmental organizations.
Our Approach for a Reliable and Effective CSR Program
With our services of social audit and social impact assessment, a reliable and credible CSR program is just a few steps away.
Our experts and qualified social workers proceed as follows:
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Identification and understanding of donor and implementing agency and organization requirements and expectations.
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Review of CSR project-related documentation and terms of reference (ToRs).
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Stakeholder mapping and initial report building.
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Program due diligence.
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Active research and overall CSR program social impact assessment.
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On-site social audit.
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Stakeholder consultation through individual and focus group discussions (FGDs).
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Capacity-building programs.
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Detailed reports with clear recommendations for improvement, monitoring requirements.
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Documenting of case studies and showcasing of reference success stories.
Social Impact Assessment and Social Audit
The social audit is a process. It consists of reviewing all documentation and official records related to a corporate social responsibility program and its implementation. The audit helps to determine if all reported expenditures reflect the amount of money spent on site for the project itself. The social impact assessment is a methodology and process which consists of reviewing the social effects of activities and interventions implemented under the CSR program in terms of development or progress.
Donor Agencies and Implementing Agencies
Corporate social responsibility projects and programs involve two types of stakeholders. Donor stakeholders, such as companies or corporate agencies, public sector units and government agencies or other sources of capital, are those financing the project by donating funds. Implementing stakeholders, non-governmental organizations such as trusts, societies or Section 25 companies, are those executing the CSR project using donated funds.
Legal Structures of Non-Governmental Organizations
NGOs in India are structured by various laws which define under which legal entity and civil society organizations they can be registered. Public trusts, societies and Section 25 companies are NGO legal structures which differ according to status, legislation, jurisdiction of the founding Act or the governing authority.
Our Sustainability Initiatives
Nothing less than the future is at stake. Companies, institutions, public authorities and each and every one of us can play a positive role in shaping the path to tomorrow. We provide you with comprehensive support to ensure that you operate safely, sustainably and efficiently for many years to come.
Valuation Services
Valuation is often a controversial and complex subject. It requires an in-depth understanding of the market, the asset in question, the company and its competitors, financial and non-financial information, as well as factors such as the legal and regulatory environment. Valuation advice needs the right blend of analysis, experience and professional judgment.
We at RVLK & Associates Chartered Accountants, possess required qualification and valuation expertise providing valuation services for Business, Share and Securities and Intangible assets as per the International Valuation Standards (IVS) and assist the clients in determining the true value of assets.
In today's challenging corporate, regulatory, legal and accounting environment, there is a need for robust and independent valuation services, which are aligned with globally accepted practices. We have valuation consultants with a specialized experience in providing such valuation services to both our global clients and clients in India. Our opinion is based on a vast experience and sound professional judgment in valuations of companies and assets. The team of business valuation services consultants in India is also well-equipped with the necessary technical knowledge and training to cater to any complex valuation-related situation that the client needs a solution to.
Valuation exercise is performed by our professionals who possess vast industry experience, understands business complexities and uses appropriate globally accepted valuation methods and techniques.
We provide business valuation services in relation to:
- Transactions, which include restructuring and divestments for price determination/negotiation
- Financing and strategic management purposes
- Financial reporting purposes, which include purchase price allocation, testing for investment/goodwill impairment, ESOP valuation etc.
- Litigation, arbitration, and dispute resolution
- Financial instruments including debt, hybrid, and convertible instruments
- Intangibles like brand, trademark, Intellectual property etc.
- Portfolio valuation for venture capital funds, private equity funds and other alternative investment funds
Registered Valuers:
Name of Registered Valuer |
M Venkateswara Reddy |
Registration Number |
IBBI/RV/05/2022/14753 |
Asset Class Registered For |
Securities or Financial Assets |
Registration Valid From |
01/07/2022 |
Name of Registered Valuer |
Rajesh Kumar |
Registration Number |
IBBI/RV/05/2022/14733 |
Asset Class registered for |
Securities or Financial Assets |
Registration valid from |
16/06/2022 |
Management Audits
Management audit is an unique and the most effective tool for analyzing the effectiveness of an organizational internal control policy and procedures. Our management audit function helps the management of any entity to understand and rate themselves against the standards set by them for implementation and the discipline to follow them.
Our unique solutions, understand the need and requirement of the management and implements the same in the course of our audit to reflect the objective of the management.
Some of the entities for whom we are regularly doing the audit are as follows:
- Management audit of Corporate and Non-Corporate
- Management audit of Government entities
- Management audit of Public Sector Undertakings
Industry Experience
- Banking
- Industrial Manufacturing
- Infrastructure
- IT & ITES
- Pharma & Healthcare
- Real estate
- Telecommunication
Special Audit
Certain areas of an entity require more than the usual management attention. As the risk involved in these functional areas are phenomenal, the control & reporting of these areas assumes importance.
Our special audit team helps the management to have an in depth analysis of the present activities of those areas and provides a detailed study on improvisation & effective utilization of the available resources in such functional areas.
The following are the specialized auditing services covered by us at present:
- Credit Audit of Financial Oraganization
- Propriety Audit
- Investigation Assignment / Fraud Detection Assignment
Industry Experience
- Banking
- Financial Services
- Healthcare
- Industrial Manufacturing
- IT & ITES
- Telecommunication
Transfer Pricing
With the growing importance on leveraging the geographical advantage such as skill set, abundance of resources, etc. has made many of the business entities to spread their wings across the borders. When the presence of an organization grows boundless, it should be equipped to face the legal requirements in various locations.
To avoid exploitation of the rightful revenue for a country, the transfer pricing mechanism is adopted as a tool to regulate, control and manage such revenues. Our Transfer pricing team ensures that the business transactions are carried out with a proper pricing mechanism without jeopardizing the interests of any country in which the multinational enterprise are operating.
The basket of services provided includes:
- Detailed transfer pricing study on the pricing aspects in accordance with Indian legal regulations
- Advisory on framing a transfer pricing policy for a multinational group
- Conducting extensive research on the industry peers to ascertain the pricing options
- Representation before the Indian Income tax authorities on assessments of transfer pricing policies
Industry Experience
- Aerospace
- Banking & Financial services
- Entertainment & Media
- Hospitaity & Leisure
- Industrial Manufacturing
- IT & ITES
- Pharma & Healthcare
- Power & Infrastructure
- Telecommunications
Global Assurance Services
Global Assurance Services
In the modern era, where entities are making their presence felt globally, the order of the day is to be transparent & provide the requisite disclosures with an aim to safeguard the interest of the investors, fund houses, etc. As the accounting and the disclosure practices are followed distinctly in different places, the need for providing an universal reporting mechanism has gained momentum in the recent past.
With more nations following the universal reporting on the basis of international financial reporting standards (IFRS), the Indian entities will also be aligning themselves in following the IFRS from the accounting year 2010-11.
Our global assurance service division provides:
- Framing accounting policies & disclosure policies in line with the IFRS
- Conversion/translation of financial statements under Indian GAAP to IFRS
- Expert Advisory on adoption & implementation of IFRS for the Indian entities
Foreign Portfolio Investors
Foreign Portfolio Investors
Our Services for FPI
- Registration with SEBI: CAs can help FPIs to register with SEBI, the Indian securities regulator. This process can be complex and time-consuming, so it is important to have an experienced CA on your side.
- Accounting and auditing: CAs can provide accounting and auditing services for FPIs. This includes preparing financial statements, conducting internal audits, and reviewing external audits.
- Tax advisory: CAs can provide tax advisory services for FPIs. This includes helping FPIs to understand Indian tax laws, to file tax returns, and to minimize their tax liability.
- Transfer pricing: CAs can provide transfer pricing services for FPIs. This includes helping FPIs to establish arm's-length prices for transactions between related parties.
- Business advisory: CAs can provide business advisory services for FPIs. This includes helping FPIs to develop business plans, to raise capital, and to expand into new markets.
International Taxation
With an array of multinational enterprises, setting up their shops in India, and with the proactive trade policies & agreements between India and various other countries, the number of cross border transactions have grown phenomenally.
The number of expats, working in India for the Indian MNEs, or the subsidiaries of the foreign companies are increasing day by day. This increases the importance of a strong international fiscal policy and guidance on the same. With a dedicated team to work on any such international tax issues, our firm has been the preferred advisors for numerable MNEs in India.
Some of the services rendered by our firm include:
- Global tax planning for Corporates & Business entities
- Advisory on Double taxation avoidance agreements with various countries
- EXPAT & NRI taxation services
Industry Experience
- Aerospace
- Banking & Financial services
- Entertainment & Media
- Hospitaity & Leisure
- Industrial Manufacturing
- IT & ITES
- Pharma & Healthcare
- Power & Infrastructure
- Telecommunications
Industry Experience
We have serviced FIIs/FPIs from a large number of countries including USA, UK, Taiwan, Singapore, Mauritius, Australia, Malaysia etc. Some of these have been multi mullion dollar investment funds with a substantially large exposure to Indian securities. We work closely with almost all the top custodians in the country like Deutsche Bank, Citi, HSBC, Standard Chartered, Kotak, IL&FS, Edelweiss, Orbis etc.
Our automated portfolio accounting service and other automated practices help us in providing error free, quick and efficient global quality services to our clients. We are well known in the industry for our extremely quick turnaround time.
Industry Experience
- Entertainment & Media
- Industrial Manufacturing
- IT & ITES
- Pharma & Healthcare
- Power & Infrastructure
- Natural resources & Mining
- Real Estate
Due Diligence Audits
Due Diligence may be defined as an audit of an audit. We take intricate steps in arriving at the feasibility reports for our clients and ensure that we leave no open trap doors and give an overall clear view of the upcoming hurdles and possible opportunities.
We provide in depth analysis in the following arenas:
- For Corporate - On their functionality & growth
- For Banks - Financial feasibility of customers
- For Lead Managers - For Public issues
- For Lead Managers - On Private Placements
- For Stock Exchanges - On PMS providers
- For FCCB issues & ECB issues
Industry Experience
- Automative
- Biotechnology
- Engineering
- Industrial Manufacturing
- IT & ITES
- Pharma & Healthcare
- Power & Infrastructure
- Service Sector
VCFO Services
VCFO Service Offerings
- Accounting
- Statutory Compliance
- Process Excellence
- Vendor Management
- Debtor Management
- Secretarial Work
- Reporting
- End to End Management
People
Recruit
- Channels
- Focused process
- Right skill sets
- Induction & Training
Retain
- Capability development
- Cross skills training
- Career development
- Regular forums
Reward
- Rewards & Recognition
- Open and transparent performance management
Metrics
- Reporting on Monthly Performance
- Debit/Credit balance analysis
Why VCFO?
- Higher Quality with reduced cost
- Better risk management
- Staffing flexibility
- Gain competitive edge in the market
- Quick turnaround time
- Focus on core business objects
- Effective utilization of capital expenditure
Data Analytics
Data Analytics
With its roots in a 'data driven' profession, the firm believes in going beyond its services in adding value to the client's business and help find answers to business questions -
- Why are my sales declining? What is my demand likely to be in the future?
- Who is my target customer? How can I segment the market?
- Can I optimize my product mix, so that my profits are maximized?
- Which customers are likely to default? Do I have a credit risk score for them?
RVLK & Associates a right blend of new age financial, technology, statistics and industry experts who transform data into insights that aid decision making. Our integrated interdisciplinary approach and cross-industry experience help in solving high-impact business problems across various functions of an organization.
We also offer a wide spectrum of solutions that include Business Intelligence, Performance Management and Data Analytics for a business:
- Sales Forecasting
- Resources Optimization
- Web Analytics
- Customer Segmentation
- Sentiment Analysis
- Portfolio Analysis
We go beyond answering 'what happened' to 'why it happened', 'what can happen' and 'what is the best that can happen'. Our analytical approach is designed to manifest your operational and accounting transactions into actionable insights.
Other Services
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Payroll Service
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Bookkeeping Services
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Financial Reconstruction
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Acquisitions / Mergers / Amalgamations
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FEMA Compliances
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Stock and Receivables Audit
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Revenue Audits