- Statutory Audit
We conduct Statutory Audit of various organizations as required to be conducted under statue under which the organization is registered. 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.
- Internal Audit
We conduct Internal Audit of our clients on their need basis. 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.
- Concurrent Audit
We conduct Concurrent Bank Audit of Banks which is the examination of the financial transaction of the bank at the time of its occurrence or parallel with transaction. It is part of bank’s early warning system to ensure timely detection of irregularities and lapses. It helps in preventing fraudulent transaction at braches of bank.
- Tax Audit
We conduct Tax Audit of assesses as required under Section 44 AB of the Indian Income Tax Act, 1961. This involves reporting on the certain factual details by assesses to the Income Tax Department to enable proper assessment of tax by the Department.
- Special Audit
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.
- Stock Audit
We conduct stock audit of our client on their need basis and of some other party on behalf of our client. Stock Audit is a process which every business institution needs to perform at least once in a financial year or at the special request of merchant bankers. Stock audit process mainly involves the counting of physical stock lying at the specified premises and verifying the same with computed stock maintained by the company. The reason and purpose behind executing this is to correct the discrepancies present in the book stock when compared to physical stock by passing necessary adjustment entries.