Audit & Assurance Services

Audit & Assurance Services

Our audit professionals constantly update themselves on the ever changing regulatory and financial reporting framework.

With our rich industry experience and proactive approach, we help the clients navigate their financial reporting and disclosure requirements.

Audit & assurance services provided by us include statutory audit, tax audit, internal audit, Information System audit, Process audit, Concurrent & Stock audit and "certification services"

Statutory Audit

Statutory audit is audit that is required by a statute or law to verify that the books of accounts of an organisation is presented to regulators and the public in a true and fair manner.

Statutory audits must be carried out by Chartered Accountants who are not affiliated with the company. Furthermore, the auditor's conclusions must be presented in the format required by the Regulator in his or her report.

According to the Companies Act, 2013, every company must have its book of accounts audited every financial year, regardless of its sales turnover, kind of operation, or capital. As a result, a Company's Board of Directors is required by law to appoint an Auditor within 30 days of its formation to perform an annual audit of its financial accounts.

For proprietorships and partnerships, statutory audit under the Companies Act 2013 is not applicable. However, tax audit shall be applicable if the threshold given in the Income Tax Act, 1961 is exceeded.

Internal Audit

Internal Audits, unlike statutory audits, are voluntary and shall be performed if a company has specific items to be verified.

Information System Audit

An information technology audit, or information systems audit, is an examination of the management controls within an Information technology (IT) infrastructure and business applications.

An audit aims to establish whether information systems are safeguarding corporate assets, maintaining the integrity of stored and communicated data, supporting corporate objectives effectively, and operating efficiently.

Concurrent Audit

Concurrent audit is a systematic and timely examination of financial transactions on a regular basis to ensure accuracy, authenticity, compliance with procedures and guidelines. The emphasis under concurrent audit is not on test checking but on substantial checking of transactions.

Certification services

  1. Net worth certification
  2. Turnover certification
  3. Export realisation certification
  4. Certification for repatriation of income from India