Audit & Assurance 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/IND-AS,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 after ensuring the compliance of Standards on Auditing Issued by Institute Of chartered Accountants Of India,New Delhi..

Types of Audits conducted

• Statutory Audit of Corporates , Trusts , societies ,Apartment complex ,Co-op societies etc.,
• Tax Audit under Section 44AB of the Income Tax Act, 1961.
• Audit under other sections of the Income Tax Act, 1961 such as 10B,3CEB 80HHC, 80-IA, etc.
• Concurrent Audits.
• Revenue ,Stock,Credit,Audit of Banks.
• Branch Audits of Banks.
• Audit of PF Trusts, Charitable Trusts, Schools, etc.
• Audit of Co-operative Societies.
• Information System Audit
• Risk based Internal Audits of S.IAs to vbe corrected as Risk based Internal Audits as per S.IAs.
• User Fee Audit, Third party Audit for EPF Establishments