Services
AUDIT AND ASSURANCE SERVICES
Audit And Assurance Services:
We carry out cost effective audits for small and medium sized entities and have over the years acquired an expertise in effectively executing special assignments. Our audit and assurance services include:
- Statutory audit
- Tax Audit
- Internal Audit
- Certification Services
- Special Audits
- Management / Internal / Operational / System audits
Statutory Audit:
Auditing of the records of accounting in accordance with the provisions of the Statute to maintain an accurate and equitable representation of the accounting in conjunction with the specific legal situation in which the audit is undertaken.
Statutory is essential for assuring the reliability of company’s annual accounts of various stakeholders like debtors, creditors, bankers, shareholders and government. The process of the statutory audits has become increasingly complicated recently. Statutory environment in cooperation with synchronization of various accounting parameters and the reliance of various stake holders on audited accounts have increased the questionability of statutory auditors.
Statutory Audit Services Provided:
- Audit under The Companies Act, 2013.
- Audit under The Income Tax Act, 1961.
- Audit under The Maharashtra Value Added Tax Act, 2002.
- Audit allotted by C&AG, India.
- Audit under The Finance Act (Service Tax)
- Audit under The Goods and Services Act, 2017.
- Branch Bank Audit as allotted under The Banking Regulation Act, 1949.
- Other Bank Audit assignments as allotted by the respective banks in respect of Income Leakage, Inspection, Stock Audits, etc.
- Co-operative societies audit allotted by cooperative department
Our statutory auditing team consists of experienced professionals for effectively conducting the statutory auditing procedure. The team members remain acquainted with the latest changes in the statutory auditing arena for staying ahead in the loop. Our statutory audit department conducts audit by adhering to accounting and auditing standards for conducting fair and accurate audits for various stakeholders like government, bank, financial institution, general public and investors.
Tax Audit:
The primary reason behind implementation of Tax Audit provision is to tackle problems such as tax avoidance and tax evasion. The primary reason behind its implementation is to tackle problems such as tax avoidance and tax evasion. Throughout the form of the tax audit, the tax auditors provide a view on the responsibility and validity of some factual information provided to the indirect tax authorities by the assessor for further tax evaluation litigation.
We aim at reducing the tax burden and reviewing the disallowances and deductions under various parameters of Income Tax Act 1961. The assessment is done with attention to the figures for computing the accurate assessable income. Our Audit Tax department provides various tax audit services adhering to high auditing and accounting standards and based on the comprehensive statutory and regulatory requirements of Income Tax 1961, provide a comprehensive tax report.
Internal Audits:
We provide service which are primarily conducted in order to provide the client’s management a clear, comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvements. We strongly believe in Internal Audits being a value addition exercise rather than a mere compliance exercise.
We believe in providing value added services through highest levels of professional competency and integrity to its clients.
Our Internal Audit services are designed to suit the individual client specific needs. It provides assistance to clients in managing their key business concerns, be it achieving strategic business goals, meeting operational challenges, complying with regulatory norms or managing reporting requirements.
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