RSM India

Techno commercial and concurrent review

Techno-commercial concurrent review (TCCR) is increasingly being recognized as good preventive and detective control tool for project as well as operations in medium and large corporates. TCCR is a simultaneous / synchronized review of transactions both from technical as well as commercial perspective through full time dedicated technical and commercial personnel at client’s site. It could also be undertaken post completion of the transaction as a good detective control tool. This service is also beneficial to the funding organization to keep check on the time and cost over run of the projects.
 

Techno-commercial concurrent review
Techno

 

 

 

 

 

 

How we can help

Through team of technical and commercial experts, we undertake the following technical and commercial work under TCCR:

Technical:

  • Project Monitoring through regular physical inspection of completed project work
  • Review with project schedules and
  • Charting of delays

Commercial:

  • Online transaction reviews
    • Pre order
    • Pre payment
  • Review of project cost monitoring mechanism
  • Periodic review of specific functions
    • Materials covering purchase and movements
    • Administration and support functions
  • Review of transaction specific as well as periodic compliances
  • Review of control statements
  • Participation in inventory / assets verification

We also undertake Techno-Commercial audits of completed projects. Through physical inspection of the work done, scrutiny and verification of procurement documents, study of approval processes, etc., we can advise our clients on quality, quantity, cost appropriateness of completed work in reference to the contract conditions.

Techno commercial and concurrent review – Advantage RSM:

  • Use of specialized audit methodology and tools viz. ABCDE and Project Score Card
  • Effective deliverables – documentation and communication through transaction level sheets and monthly reporting coupled with quarterly presentation to the top management
  • Established Quality Assurance processes which meet international standards
  • Utmost emphasis on confidentiality of clients’ information
  • RSM in India is consistently ranked amongst India’s top six accounting and consulting firms, with over 1,200 people having expertise in diverse fields and with nationwide presence
  • RSM is the world’s seventh largest audit, tax and consulting network and the sixth largest provider of audit and assurance services
  • Multi-disciplinary team of professionals comprising of Chartered Accountants, MBAs, Engineers, Company Secretaries, CISA / DISA, Cost Accountants and Law graduates in India
  • Extensive experience in internal audit advisory, taxation and accounting matters across various sectors and countries