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AUDITING & ASSURANCE
- The audit is the process of evaluating and checking the genuineness of the accounting entries present in the financial statement of the company.
- Audit checks the accuracy of financial reports, whereas Assurance is the process of analyzing and used in the assessment of accounting entries and financial records.
- In-depth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening.
- Ensuring compliance with policies, procedures and statutes and Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
- Reporting inefficiencies at any operational level. Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
- Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
- Issue of Audit Reports under various laws.
The various professional services are covered as listed.
- Statutory Audit of Companies
- Tax Audit under Section 44AB of the Income Tax Act, 1961.
- Internal Audit
- Transfer Pricing Study & Audit
- GST Audit
- Due Diligence
- Stock Audit
- Fixed Asset Verification
- Consolidated Financial Reporting
- Foreign Investment / Remittance compliances
- Concurrent Audits.
- Revenue Audit of Banks.
- Statutory Branch Audits of Banks.
- Audit of PF Trusts, Charitable Trusts, Schools, etc.
- Audit of Co-operative Societies.
- Information System Audit
- Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
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