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Audit Services
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. etc.
- 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 & Loss Account
- Issue of Audit Reports under various laws
TYPES OF AUDITS CONDUCTED
- Cost Audit of Companies
- Statutory Audit of Companies
- Internal Audits
- Tax Audit under Section 44AB of the Income Tax Act, 1961
- Concurrent Audits
- Revenue Audit of Banks
- Branch Audits of Banks
- Audit of PF Trusts, Charitable Trusts, Schools, etc.
- Audit of Co-operative Societies
- Information System Audit
- Stock Audit
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