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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.
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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.
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