Audit_And_Assurance


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Audit And Assurance Services

Our audit approach is tailored to suit the size and nature of the organization and draws upon extensiveindustry knowledge. We have been associated with clients from various sectors/industries and are therefore better equipped to deal with the complexities and intricacies of different companies.

We provide the following Audit and Assurance services:

Statutory Audit

As per the requirements of Indian Companies Act, 2013 Companies/LOs/BOs/POs have to get their accounts audited by an Indian firm of Chartered Accountants. The said audited accounts are to be filed with the Registrar of Companies and RBI (whenever required). In case of manufacturing / trading companies, excise authorities and state VAT authorities may also ask for audited financials.

Our emphasis is on carrying out statutory auditing of Indian Companies in compliance with the various Indian Corporate laws, reviewing compliance with internal accounting procedures, provisions of Company Law, tax laws and other related laws besides meeting the standards and guidelines as recommended by the Institute of Chartered Accountants of India.

Our audit process is designed to render credibility to the financial information, taking into consideration the risks faced by the Company & advising on the management controls, ensuring the completeness and accuracy of Financial Statements meant for use by investors, creditors, other stakeholders and regulatory authorities.

Internal and Concurrent Audit

Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions.

Our Internal audit approach entails gauging the effectiveness of the Accounting system & its related internal controls, operational efficiency of the information system & effectiveness of related EDP controls, compliance with various legal & statutory requirements. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures.

Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value, improving performance & operating efficiency.

We have been assisting our clients primarily in the private sector to efficiently manage complex areas that require professional skills and knowledge making sure that the audit is focused on appropriate risks. The Internal Audit function shall provide an objective assurance and optimum solutions as required and suited to the Management needs.

Tax Audit

An assessee is liable for Tax audit if in the relevant financial year the assessee is carrying on business and the total sales/turnover exceeds the specified limit as per the Income tax Act, 1961. Tax audit is an additional requirement over and above the Statutory audit by a Company under the Companies Act, 2013.

System & Management Audit

Success of any organization depends to a large extent on the productivity and efficiency of the management. Our procedures aim to maximize management performance through an objective & systematic assessment & examination of methods, policies, decisions, actions& by focusing on improving processes within the organization.

Investigation Audit

Audits carried out at the request of the management to investigate issues like suspected fraud, embezzlement of funds etc.

Bank Audit

We are also conducting Statutory Audits of Government Banks since last 25 years. The above Panel is maintained by Reserve Bank of India (R.B.I).

Due Diligence

We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. Our team of accounting, financial, taxation & legal experts have a sound understanding of local laws, regulations and accounting practices thereby enabling us to vet all critical issues in detail.

Other Services

We also perform Stock Audit, Certification work and other advisory services so as to provide a wholesome solution to the myriad challenges being faced by companies today and in the process promoting their holistic growth.