Audit and Assurance

Broadly, Audit involves the following:

• Indepth study of existing systems, procedures and controls for proper understanding and 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 Audits.
• Internal Audits.
• Management Audits.
• Bank Audits (Concurrent, Statutory Branch audit, etc).
• Limited Reviews.
• Tax Audit under the Income Tax Act.
• Stock Audit.
• Special Purpose Audits & Certifications.
• Establishing and Reviewing Internal Control Systems.
• Reviews and Compilations and attestation services.
• Audit of PF Trusts, Charitable Trusts, Schools, etc.