AUDITS

The purpose of auditing is to verify whether financial statements and other types of business of companies show the real state of business events in a certain year.Our audit and assurance services can help organizations see further and deeper into their businesses. From enhancing trust in the companies we audit to assisting organizations in meeting the assurance demands outlined in regulations and standards, we help a multi-trillion dollar capital markets system function with greater confidence. An audit is more than an obligation—it’s a powerful lens for illuminating the current state of an enterprise, providing insight that can inform future aspirations.

We assist our clients

  • To execute audit process in specialized areas and improve the internal controls to make it more effective.
  • To identify the high-risk areas and solutions to pacify or remove such risks.
  • To set up an internal audit system for new companies.
  • By helping them in providing training to the staff on internal audit procedures.
  • By continuously reviewing and monitoring the internal audit process.
  • Your audit can have the flexibility to adapt with you.

  • Audit of Financial Statements
  • Tax Audit Services.
  • Forensic Audit and Fraud Detection Services.
  • Risk assessment and Risk Managements Advisory
  • Internal Audit
  • Employee Benefit Plan Audit
  • Information Technology Assessment / IT Audit
  • Accounting and Tax Advisory
  • IFRS Transition Advisory and Implementation.
  • Compliance Management
  • Our Audit and Assurance Services :

    • Forensic Audit Services
    • Tax Audit Services
    • Compliance Management Services
    • IFRS Transition and Implementation Services
    • IFRS Transition and Implementation Services

    Our Audit Checklist

    Section 44AB of the Income Tax Act deals with the audit of accounts of certain individuals. In other words, if certain individuals meet the requisites as prescribed under Section 44AB, then these individuals will have to ensure that their accounts are audited by a certified Chartered Accountant.

    If the annual turnover of a registered taxpayer is more than Rs. 2 crore^ in a financial year , he is required to get his accounts audited by a Chartered Accountant or Cost Accountant every year.Provided that the Assistant Commissioner may, on an application made to him in this behalf by the registered person or the chartered accountant or cost accountant or for any material and sufficient reason, extend the said period by a further period of ninety days.

    A thorough management review provides insight into the health of the organization. Management systems require monitoring and auditing for improvement. Internal audits and management review provide the opportunity to uncover issues within your management system and take steps to resolve them proactively.

    The concurrent audit system is to be regarded as part of a bank's early-warning system to ensure timely detection of irregularities and lapses, which helps in preventing fraudulent transactions at branches.Concurrent audit means a parallel examination of the financial transactions, i.e. examination at the time of the happening of the transaction. It is part of an early warning system of a bank for ensuring timely detection of lapses or irregularities.

    An audit of banking is a routine examination of the services provided by the organisation to ensure their compliance with the standard and laws of the industry. It helps to uncover the breaching of laws and regulations of the financial institutions.

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