AUDIT Services

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 including review of the same and suggesting any improvement.
  • Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/INDAS.
  • Checking the genuineness of the expenses booked in accounts.
  • Reporting inefficiencies at 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 under various statutes for
    1. Listed and Unlisted companies
    2. Companies having foreign branches
  • Tax Audits u/s 44AB of the Income Tax Act, 1961
  • Audit under other sections of Income Tax Act, 1961
  • Audit of Public sector undertakings
  • Internal Audit
  • Audit of Charitable Trusts
  • Branch Audits of Banks
  • Concurrent Audit of Investment portfolio for Insurance Companies
  • Implementation and Review on Internal Financials Controls (ICFR)
 
     
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