Audit

Broadly, Audit involves the following :

  • 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/Ind-As.
  • 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.

Types of Audits conducted

  • Statutory Audit of Companies.
  • Tax Audit under Section 44AB of the Income Tax Act, 1961.
  • VAT Audit under MVAT Act
  • GST Audit
  • Audit of Charitable Trusts, Schools etc.
  • Audit of Co-operative Societies
  • Internal Audit.
  • Statutory Audit of Banks.
  • Special Monitory Account Audit
  • Forensic Audit
  • Investigation and Due Diligence
 
 
     
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