Audit & Assurance

The firm endeavors to understand the organization needs before the audit programme is chalked out. The audit assignment is to ensure that the financial statements prepared by the management give a true and fair view. We review compliance with accounting procedures, provisions of various law, standards and guidelines in accordance with the Generally Accepted Accounting principles to ensure that financial statements are free of any misstatements, errors and discrepancies.

• Statutory Audit

The guiding principal of a statutory audit assignment is to ensure that the financial statements prepared by the management give a true and fair view. We review compliance with accounting procedures, provisions of various law, standards and guidelines in accordance with the Generally Accepted Accounting principles to ensure that financial statements are free of any misstatements, errors and discrepancies. Statutory Audit includes audit required under Companies Act, Income Tax Act, Provident Fund, etc.

• Internal Audits

An internal audit is a vital tool in corporate governance. It provides independent assurance that the key risks facing an organization have been identified and managed, and that systems and controls are robust and appropriate. We also have taken assignments where the Internal audit have been incorporated with compliance audit focusing on Companies Act requirement and with changing time including Indirect Tax as core focus area.
Internal audit in some organization covers, Process Audit, Audit of system from Procure to Pay, Stock Audit, Physical verification of assets,

• Compliance Audits

We conduct compliance and secretarial audits. It helps strengthen the Corporate Governance in an organization. Compliance audit assists Audit Committee Board by providing the status of various management compliances.
It also assists in evaluating of the effectiveness of internal control and compliance mechanism within an organization.

• System Audit

The scope of audit has gone a sea change, with more ERP systems in place, tick and bash has become a minor part of the overall gamut of activities covered. Process flows in an organization are mapped along with their internal controls etc. as part of an audit, other than checking into routine accounts etc. We also advise & help organization in implementing processes in place.
Conducting system and management audits with recommendations on efficiency and proprietary of decisions.