Our Services

Audit Services

BROADLY, AUDIT INVOLVES THE FOLLOWIG:

Audit broadly involves a systematic evaluation of financial records, internal controls, and operational procedures to ensure accuracy, compliance, and efficiency. Our audit approach includes:

• In-depth study of existing systems, procedures, and controls: Understanding current practices and suggesting improvements to strengthen processes.
• Compliance review: Ensuring adherence to internal policies, statutory regulations, and applicable laws.
• Financial statement review: Comprehensive analysis to ensure accounts are prepared in accordance with Generally Accepted Accounting Principles (GAAP), Accounting Standards, or IFRS.
• Expense verification: Checking genuineness and appropriateness of expenses recorded in accounts.
• Operational efficiency: Identifying inefficiencies at any operational level and suggesting corrective measures.
• Leakage detection and prevention: Detecting revenue leakages and recommending preventive measures.
• Certification of accounts: Certifying that books of accounts are in agreement with the Balance Sheet and Profit & Loss Account.
• Issuance of audit reports: Preparation of audit reports as required under various laws.

Types of Audits conducted:

• Statutory Audit of Companies Tax Audit under Section 44AB of the Income Tax Act, 1961
• Special Audits under other sections of the Income Tax Act, such as 80HHC, 80-IA, etc.
• Concurrent Audits
• Revenue Audits of Banks
• Branch Audits of Banks
• Audits of PF Trusts, Charitable Trusts, Educational Institutions, etc.
• Audit of Co-operative Societies
• Information System Audit (IS Audit)
• Internal Audits