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
- Listed and Unlisted companies
- 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)