Audit and Assurance

a) Internal Audits

As Internal Auditors, we draw an audit plan after analyzing risks and objectives of the Client. We focus on operational / Process Audit and review of existing internal controls/Procedures. We Provide service as an Internal Auditor which includes step by step verification and valuation of the Business & Accounting process and to make sure each and every part is complying with the Companies Predefined Procedure & Policies. For Such In-Depth validation the major areas covered are

  • Fixed assets verification and other related records.
  • Concurrent Audit of Banks
  • Internal Control evaluation.
  • Statutory compliance.
  • Audit of Payroll records.
  • Documentation process and flow.
  • Stock Audit.
  • Advisory Role.

b) Statutory Audits

We perform Statutory Audit for Companies under the companies Act. Our Audit is planned according to “Standards of Quality Control (SQC)” set by ICAI. We review compliance with accounting procedures, standards and guidelines as recommended by the Institute of Chartered Accountants for India in line with international accounting norms, provisions of company law, tax laws and other related laws. Besides, we analyses and report on the performance of the company to the board of directors through relevant ratios, cash flows and other analysis tools.

c) Direct Tax Audits

It primarily Includes Tax Audit of Companies, Firms & Proprietary concerns under Income Tax Act. It covers auditing the accounts of the organization in accordance with the specified provisions of the Income tax laws of India and providing disclosures of relevant information in specified formats.

d) Indirect Tax Audits

Presently Indirect Taxes primarily consists of Goods & Service Tax (GST) apart from various other Taxes. Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST. We provide services of GST Audits as mandated by Government of India in accordance with relevant provision of law along with Guidance to our clients in proper maintenance of records as per the latest rules and regulations issued by government of India and its implications.

e) Special Audit Assignments

  • Compliance Audit
  • Income Audit
  • Limited Review
  • Concurrent Audit of Banks
  • Concurrent Audit of Companies on behalf of Banks
  • Performance Audit
  • Payroll Audit
  • Investigation Audit
  • Store Audit
  • Stock & Receivable Audit
  • Due diligence review
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