Auditing Services

Audits are done to evaluate compliance with statutory and regulatory requirements, including disclosure norms. We regularly interact with the management, in order to provide constructive and value added feedback not only on the business of the company but also of the industry We have a team of Chartered Accountants who have rich experience in Statutory Audit of Multinationals and Domestic Companies. We are always keen to provide services on timely manner so that statutory laws are fulfilled before due dates.. Some of the Audits we are doing for our clients are listed below

Statutory Audit:

The Indian Companies Act mandates that businesses have their accounts audited by an Indian firm of chartered accountants. These audited accounts are to be filed with the Registrar of Companies (‘ROC’) and, in some cases, with the Reserve Bank of India.We carry out Statutory and Tax Audits to ensure that your financial statements present a true and fair view of financial positions and operational results in accordance with the guidelines issued by the regulator.

Tax Audit

Businesses with annual turnover exceeding INR 20 million(2 crore) need to additionally have accounts audited under specific provisions of the Indian income tax laws and certified by an Indian firm of Chartered Accountants.Same rule in GST Law, Every registered taxable person whose turnover during a financial year exceeds the prescribed limit [as per the latest GST Rules, the turnover limit is above Rs 2 crore] shall get his accounts audited by a chartered accountant.

Internal Audit

Reviews conducted in order to provide assurance as to the error free running of the business systems by evaluating existing controls of an organisation and suggesting improvements.We review and evaluate the effectiveness of your organization’s internal controls. Based on the risk assessment, we evaluate the adequacy of existing internal controls and perform checks whether these are appropriately implemented. The processes, risks and controls are documented, recommendations provided for improvement and we stay involved through the implementation.

GST Audit

GST audit is an examination of statements, records, returns, and related documents furnished by registered persons. GST Audit is conducted to verify whether the sales, output tax paid, input tax refund claimed, and ITC availed stated in their annual report are true and fair or not. GST audit is a reconciliation statement of audited financial statements with the annual return furnished. Further, a GST audit also assists in assessing whether the taxpayer is obedient with provisions of GST.