Audit & Assurance

Broadly, Audit involves the following:

  • Indepth study of existing systems, procedures and controls for proper understanding.Suggestions for improvement and strengthening.
  • Ensuring compliance with policies, procedures and statutes.
  • Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
  • Checking the genuineness of the expenses booked in accounts.
  • 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.

 

Types of Audits conducted

  • Statutory Audit of Companies
  • Tax Audit under Section 44AB of the Income Tax Act, 1961.
  • Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
  • Due Diligence.
  • Investigation.
  • Revenue Audits of Banks.
  • Branch Audits of Banks.
  • Audit of PF Trusts, Charitable Trusts, Schools, Colleges etc.
  • Audit of Co-operative Societies.
  • Information System Audit.
  • Internal Control Audits.
  • Operational Audit.
  • Management Audit.
  • Sox Compliances Audit.
  • Stock Audit.
 
 
     
188378 Times Visited