AUDIT SERVICES

AUDIT AND ASSUARNCE SERVICES PROVIDED:

  • Statutory Audit of Private and Public Companies
  • Tax Audit under Section 44AB of the Income Tax Act, 1961.
  • Audit under other sections of the Income Tax Act, 1961 such as 35(2AB), 80-IA, etc.
  • Concurrent Audits.
  • Revenue Audit of Banks.
  • Branch Audits of Banks.
  • Stock Audit of Borrowers on behalf of Banks.
  • Pre Audit of Financial Transactions relating to New Projects/ Capital Assets
  • Information System Audit
  • Audit of Fixed Assets
  • Internal Audit and Designing of Internal Control System.

BROADLY, AUDIT INVOLVES:

  • 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.
  • Verification of the genuineness of the accounting transactions.
  • Ensuring Compliance of Legal Provisions with respect to the Accounting Transactions
  • Reporting inefficiencies at any operational level.
  • Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
  • Attestation of Financial Statements and,
  • Issue of Audit Reports under Applicable laws.