Audit and Assurance

Audit and Assurance

Auditing & Assurance Services are vital for any Financial Management setup. It ensure proper working of the organisation according to laid down internal controls and also the efficiency and effectiveness of the controls itself, to identify deficiency in the system, if any and to suggest corrective measures.
  • INTERNAL AUDITS
  • The purpose of internal audit is to provide independent assurance that an organization’s risk management, governance and internal control processes are operating effectively. Over the last few years, there have been numerous examples of corporate scandals which could have been avoided if organizations had more effective controls in place. Organizations are now increasingly turning to their internal auditors to review processes and report via the audit committee to the board. Our audit team strives to ensure that Internal Audit is conducted with the highest standards & auditing procedures to ensure total compliance of client’s requirements.

 

  • STATUTORY AUDITS
  • The purpose of statutory audit is to provide independent assurance that management has, in its financial statements, presented a “true and fair” view of a company’s financial performance and position. Businesses today are becoming increasingly complex and are governed by broadening regulatory requirements and shareholder demands. Our audit team consist of ever improving set of skilled individuals trained extensively for conducting auditing function. Our audit team is trained and updated on the ever changing compliance requirements to stay ahead of the curve.
  • Our firm is empanelled with Reserve Bank of India (RBI) for conducting statutory audit of all major public sector banks.

 

  • FORENSIC AUDITS
  • Forensic Audits are undertaken at specific request of the management to improve and detect or mitigate chances of fraud or misappropriation of resources/ funds.
  • Our audit team consists of Certified Forensic Auditors and is equipped with the latest analytical tools and practices in order to gather strong evidence of transactions of a fraudulent nature.

 

  • TAX AUDITS
  • Tax Audits involves auditing the financial statements of an entity in accordance with the provisions of the Income tax of India and providing disclosures through specified formats.
  • Our audit team provides tax audit services to clients upholding the highest standards of auditing and provides a comprehensive tax audit report based on the requirements of the Income Tax Act.

 

  • MANAGEMENT AUDITS AND RISK ASSESSMENT
  • Management Audit specifically deals with the executive decisions and their impact on the overall functioning of the organization. It’s an audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting, mergers, acquisitions etc.) wherein our audit team closely work with the management in improving overall efficiency.