Audit Assurance Services

Broadly, Audit involves the following :

  • Indepth   study of   existing systems, procedures and controls   for proper understanding.  Suggestions for improvement and
  • strengthening Ensuring compliance with policies, procedures and statutes.
  • Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies
  • and applicable Accounting Standards/IFRS.
  • Checking the genuineness of the expenses booked in accounts.
  • Reporting inefficiencies at any operational level.
  • Detection  and  prevention  of  leakages  of  income  and  suggesting  corrective  measures  to  prevent recurrence.
  • Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
  • Issue of  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 Charitable Trusts, Schools,Colleges and Socities.
 
 
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