Audit & Assurance

The guiding principal of a statutory audit assignment is to ensure that the financial statements prepared by the management give a true and fair view. We review compliance with accounting procedures, provisions of various law, standards and guidelines in accordance with the Generally Accepted Accounting principles to ensure that financial statements are free of any misstatements, errors and discrepancies. Advice on Implementation of IFRS, Indian Accounting Standards and Standards on Auditing.

An internal audit is a vital tool in corporate governance. It provides independent assurance that the key risks facing an organization have been identified and managed, and that systems and controls are robust and appropriate.

We conduct Tax Audit of assesses as required under Section 44AB of the Indian Income Tax Act. This involves reporting on the certain factual details by assesses to the Income Tax Department to enable proper assessment of tax by the Department.

Expertise in Conducting Stock Audits by studying the health of working capital by analyzing working capital circle Verification of Debtors with the sale Invoices and bank statement, verification of Creditors with purchase invoice and bank statement, physical verification of stock with the stock registers and stock in Stock registers with purchase & Sale Register and stock Insurance with Insurance copies

We conduct compliance and secretarial audits. It helps strengthen the Corporate Governance in an organization. Compliance audit assists Audit Committee Board by providing the status of various management compliances.

It also assists in evaluating of the effectiveness of internal control and compliance mechanism within an organization:-

• Secretarial Services - back office work for compliance with all company law requirements like maintenance of statutory records, filing of required documents with the ROC etc.
• Representation before Registrar of Companies
• Maintenance of Statutory Records and Registers
• Maintenance of Minutes book
• Assistance in preparation and filing of various forms with the Registrar of Companies

Audits are no more restricted to accounts related tick and bash, which in our case, has become a minor part of the overall gamut of activities covered. Process flows in an organization are mapped along with their internal controls etc. as part of an audit, other than checking into routine accounts etc.

Conducting systems and management audits with recommendations on efficiency and propriety of decisions. System Audits - to study, analyze systems and help design new systems and processes for better management and smoother flow of information and documents.