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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