Audit
Audit Services
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.
Types of Audits conducted:
- Statutory Audit of Companies
- Tax Audit under Section 44AB of the Income Tax Act, 1961..
- Audit of Charitable Trusts,Society, Schools, religious institution etc.
- Audit of Co-operative Societies.
- Internal Audits.
- statutory compliance audit like direct tax compliance audit, TDS compliance audit, DVAT & CST comlince audit, service tax comlinace audit, labour laws compliace audit etc
- F C R A audit of organisation getting F C R A donation
- management audit
- Proprietary audit
- Internal financial control over financial reporting