Audits are done to evaluate compliance with statutory and regulatory requirements, including disclosure norms. We regularly interact with the management, in order to provide constructive and value added feedback not only on the business of the company but also of the industry We have a team of Chartered Accountants who have rich experience in Statutory Audit of Multinationals and Domestic Companies. We are always keen to provide services on timely manner so that statutory laws are fulfilled before due dates.. Some of the Audits we are doing for our clients are listed below
The Indian Companies Act mandates that businesses have their accounts audited by an Indian firm of chartered accountants. These audited accounts are to be filed with the Registrar of Companies (‘ROC’) and, in some cases, with the Reserve Bank of India.We carry out Statutory and Tax Audits to ensure that your financial statements present a true and fair view of financial positions and operational results in accordance with the guidelines issued by the regulator.
Businesses with annual turnover exceeding INR 20 million(2 crore) need to additionally have accounts audited under specific provisions of the Indian income tax laws and certified by an Indian firm of Chartered Accountants.Same rule in GST Law, Every registered taxable person whose turnover during a financial year exceeds the prescribed limit [as per the latest GST Rules, the turnover limit is above Rs 2 crore] shall get his accounts audited by a chartered accountant.
Reviews conducted in order to provide assurance as to the error free running of the business systems by evaluating existing controls of an organisation and suggesting improvements.We review and evaluate the effectiveness of your organization’s internal controls. Based on the risk assessment, we evaluate the adequacy of existing internal controls and perform checks whether these are appropriately implemented. The processes, risks and controls are documented, recommendations provided for improvement and we stay involved through the implementation.
Audits requested by the management viz. reviewing special purpose accounts, cost centre audit etc.Management Audit is an important tool for the continuous appraisal and evaluation of the methods and performance of an enterprise. The prime objective of Management Audit is to locate defects of irregularities in the areas covered by the audit and to suggest possible improvements.
Special Purpose Audits:
We assist our clients with special purpose reviews wherein we check on management or regulator specified areas viz. Corporate Social Responsibility, Anti-money laundering, Information Technology Systems, Grant utilization, etc.
Security of organization’s assets is a growing concern. We undertake forensic audits at the specific request of the management or regulator to detect fraud, misappropriation of resources, misconduct or financial irregularities.