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Audit Services |
Broadly, Audit involves the following: |
- In depth 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 revenue 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.
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Types of Audit conducted: |
- Statutory Audit of Companies & other Entities.
- Internal Audit.
- Tax Audit under Section 44AB of the Income Tax Act, 1961.
- Audit under other sections of the Income Tax Act, 1961.
- VAT Audit.
- Concurrent Audit.
- Revenue Audit of Banks.
- Branch Audit of Banks.
- Audit of PF Trusts, Charitable Trusts, Educational Trusts, Medical Trusts, etc.
- Audit of Co-operative Societies.
- Information System Audit.
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