Statutory Audit
A Statutory Audit is a legally required review of a company's financial records to ensure compliance with regulatory requirements. Our audit process involves:
- Examining financial statements to ensure accuracy and compliance with Companies
- Detecting financial misstatements, fraud, and ensuring internal controls are effective
- Providing an independent audit opinion that boosts investor and stakeholder confidence
Internal & Management Audit
Internal and management audits are crucial for operational efficiency. We help businesses:
- Identify operational risks and inefficiencies
- Improve internal control mechanisms
- Provide insights into financial management and compliance gaps
IND-AS Implementation & Auditt
With the introduction of Indian Accounting Standards (IND-AS), businesses need to align their financial reporting with global standards. Our services include:
- IND-AS impact analysis and transition planning
- Preparation and review of IND-AS compliant financial statements
- Ensuring compliance with regulatory frameworks and disclosures
IFC (Internal Financial Control) Implementation & Audit
Internal Financial Controls (IFC) help safeguard business assets and prevent fraud. We assist in:
- Implementing a robust IFC framework
- Conducting ICFR (Internal Control over Financial Reporting) audits
- Ensuring adherence to corporate governance guidelines
Concurrent & Performance Audit
Concurrent audits are critical for financial institutions and organizations handling public funds. We offer:
- Real-time transaction audits to ensure continuous compliance
- Performance evaluation and risk mitigation strategies
- Specialized audits for banks, NBFCs, and government entities
Audit under the Income Tax Act
Tax audits under Section 44AB of the Income Tax Act ensure compliance with tax laws. We assist businesses in:
- Preparing accurate tax reports to avoid penalties
- Identifying potential tax savings and exemptions
- Advising on income tax planning and compliance strategies
Stock Audit
Inventory and stock verification is critical for businesses involved in trade and manufacturing. We conduct:
- Physical stock verification and reconciliation with financial records
- Identifying discrepancies and preventing inventory mismanagement
- Stock valuation and fraud detection
Circulation Audit
Media and publishing businesses need independent verification of circulation numbers to build credibility. Our services include:
- Audit and verification of advertisement reach and circulation figures
Ensuring compliance with industry regulations
Providing audit reports to advertising agencies and regulatory bodies