Audit & Assurance |
| Statutory 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.
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| Following are the few statutory Audit and Assurance functions handled by our firm: |
- Corporate Audits
- Tax Audits u/s 44 AB of the Income Tax
- Audits of Trusts, Associations
- Audit under VAT & GST
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| Internal/Management Audit |
- Internal Audit of Corporate and Non Corporates
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