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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
 
     
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