In-depth study of existing systems, procedures, and controls for proper understanding, with suggestions for improvement and strengthening.
Ensuring compliance with policies, procedures, and statutes.
Comprehensive review to ensure that accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
Checking the genuineness of expenses booked in accounts.
Reporting inefficiencies at any operational level.
Detection and prevention of income leakages, with corrective measures to prevent recurrence.
Certification of books of account being in agreement with the Balance Sheet and Profit and Loss Account.
Issuing Audit Reports under various laws.
Types of Audits conducted:
Statutory Audit of Companies
Tax Audit under Section 44AB of the Income Tax Act, 1961
Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
Concurrent Audits
Revenue Audit of Banks
Branch Audits of Banks
Audit of PF Trusts, Charitable Trusts, Schools, etc.