Audit

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.
    • Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/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.

    Our Services
    ·  Statutory Audit of Companies
    ·  Tax Audit under Section 44AB of the Income Tax Act, 1961.
    ·  Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
    ·  Concurrent Audits.
    ·  Revenue Audit of Banks.
    ·  Branch Audits of Banks.
    ·  Audit of PF Trusts, Charitable Trusts, Society, Schools, etc.
    ·  Audit of Co-operative Socities.
    ·  Stock Audit
    ·  Information System Audit
    ·  Internal Audits.