Audit and Assurance
Seeing the invisible is skill acquired over a number of years of training, meticulous approach to review, robust training methods, perfection and passion todeliver valuable results in a time bound manner.
We provide expertise to organizations to navigate through complex regulatory compliance, strengthen trust and transparency, resulting in positive changes and gain in short period of time.
Services Offered
Statutory Audit
Statutory Audits under various statutes such as Company Law, Partnership Act, GST Act, Income Tax Act like Section 44AB, 80HHC, 80IA etc.
Audit and Assurance is a comprehensive review to ensure that the accounts are prepared in accordance with Generally AcceptedAccounting policies and Accounting Standards/IFRS, ensuring compliance with policies, procedure and statutes, checking the genuineness of the expenses booked in accounts thereby arriving at a conclusion that the financial statements are true and fair.
Detection and prevention of leakages of income and suggestion corrective measures to prevent recurrence and reporting efficiencies at any operational level.
Internal Audit
Internal audit is a dynamic profession involved in helping the management in the organization achieve their objectives. It is concerned with evaluating and improving the effectiveness of risk management , control and governance processes in an organization.
Bank Audit
Banking Sector is a dynamically changing sector. Thus it requires proper and effective audit measures to understand the exact financial condition of the banks. A bank audit is a formal process in which the services, systems, financial statements and procedures of the bank are in compliance with the laws and standards of the industry. We have been, over the years entrusted by the Reserve Bank of India and ICAI with bank audits of various banks in India.
Concurrent Audit
Banks deals with a large number of transactions on a daily basis whose examination is also necessary on a continuous basis for determining the accuracy of the financial statement. For conducting such audit an external auditor is appointed by the bank known as a concurrent auditor who performs an audit of the transaction on a monthly basis.
Government Audit
It is the objective , systematic, professional and independent examination of financial, administrative and other operations of a public entity, made subsequently to their execution for the purpose of evaluating and verifying them , presenting a report containing explanatory comments on audit findings together with conclusion and recommendation for future actions by the responsible officials and in case of examination of financial statements , expressing the appropriate opinion regarding the fairness of the presentation.
The auditor of Government company is appointed by the Comptroller and Auditor General (C&AG). The C&AG have entrusted us with many government audits over the years.
Audit of Charitabletrust, Societies and schools
The main objective of the audit of public charitable trust/institution is basically to report on the genuineness of the claims for the exemption of income under section 11 of the Income tax Act,1961.