Audit includes an independent assessment of how genuine the management has been while making and presenting the company's financial statements. Auditing is a vast field in itself. It involves a comprehensive study of a company and its accounting systems. Auditing service is provided to check the validity and reliability of the financial facts provided by the company and also for providing an assessment of a business, company. Our Auditing services are performed with complete fairness and by competent people, who prepare reports based on the audit findings.
Types of Auditing services provided -
Internal Auditing Services: Internal Audit involves examination, assessment and evaluation of the accounting processes, financial statements of a company or business by a company's own employee or by a team of competent professionals.
Management Auditing Service: Management Audits, which are primarily conducted with clear view for management to provide comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvement.
Importance of Auditing:
Audit helps to run a company/ business efficiently and cost-effectively. It includes thorough examination of how a company operates, how is keeps its stock levels, payment receivable period, creditors management etc. It helps a company know its areas of improvement and also helps to avoid any financial errors and omissions. It is necessary for testing the company performance against industry standards and its direct competitors. The process helps in providing and recommending ways to improve the company's existing accounting practice.
We offer a variety of quality services to our clients which can be customized to suit the individual client requirement. Some of the services offered are:
  • Financial Auditing Services
  • Internal Audit / Concurrent Audit service
  • Management Audit Service
  • Operational Efficiency Audit Service
  • Special Investigative Audit Service
  • Due Diligence Review
  • Accounting System Design and Review
Statutory Audit
The regulatory authority has set certain limits above which organizations are required to get their accounts audited. Under various kinds of statutes, all the businesses or entities require to have their accounts audited properly. Apart from providing high quality audit services, our team of chartered accountants, harmonize the financial aspects and offer the following:
  • Fair and reasonable view of the accounts.
  • Improvement in the system with regards to any weakness.
  • Views and accounting treatment with respect to any complex transaction.
  • Expert views on any changes or amendments in the statute affecting the organization.
Due Diligence Audit:
Due Diligence is an investigation of a potential investment. Due Diligence Audit requires a certain standard of care since it acts as a guiding factor for taking investment decisions in the form of mergers, acquisitions, takeovers etc. It is generally a voluntary activity conducted by an investor or an acquirer prior to signing the contract. Our objective is to assist clients by scrutinizing the financial, legal and accounting system of the organization and reporting on the same. This will enable him to take sound investment decisions.
Tax Audit:
Every assessee, whose annual turnover from any business exceeds Rs. 100 lakhs or the gross receipt from any profession exceed the amount of Rs. 25 lakhs in any previous year, is bound to get his accounts properly audited and report the same according to the section 44AB of the Income Tax Act, 1961. We provide such tax audit services for all small and big companies and corporations of diverse sectors.
229035 Times Visited