Simplifying Finances, Maximizing Growth
Simplifying Finances, Maximizing Growth
In India, the laws pertaining to Statutory Audit are prescribed under Companies Act, 2013. In general terms, it is an audit of the Financial Statements of the Company i.e. of the Balance Sheet and Profit & Loss Account of the company. It is mandatory to conduct statutory audit and it has to be performed by an Independent Chartered Accountant if a business meets certain criteria and thereafter a report is to be prepared by the Auditor stating the facts, opinion, ensure from the said balance of accounts. It term "Statutory" is the Auditor in the format as prescribed by the regulator. Independent auditor means the auditor should not have any relation with the auditee (The company in which the audit is required to perform). our team of experts ensures that your Audit requirements are met without any hassle.
Audit refers to an official inspection or unbiased investigation of a firm's or companies financial statements or reports as well as the proper recording of records for reporting to stakeholders. There are various types of audits under different laws such as company audit, statutory audit, cost audit, stock audit, etc. Similarly, an audit compulsated under Income Tax is termed "Tax Audit". A tax audit is an inspection or study of accounts of any firm or a sole account by an assessor to validate the income estimation for filing the ITRs. our team of experts ensures that your audit requirements are met without any hassle.
GST Audit refers to the examination of the returns, records and other important documents which a taxable individual maintains. Besides, confirming the adherence to the provisions of GST, other motives behind GST audit is to verify the fairness and accuracy of the turnover notified, input tax credit availed and refunds claimed. our team of experts ensures that your audit requirements are met without any hassle.
Concurrent audit that takes place at the moment when transactions take place, that means it is parallelly conducted. Unlike most audits that are post transactional review, the concurrent audit is as and when transactions take place. It gives an early warning to ensure timely detection of irregularities and lapses. Concurrent Audit Procedure. our team of experts ensures that your audit requirements are met without any hassle.
Internal audit is to identify weaknesses within the organization's processes and control environment internally, so that they can be fixed as quickly as possible to prevent harm to the organization or its stakeholders. Accordingly, the internal audit adds far more attention being devoted to internal controls. In other words, be designed to examine those areas that present the greatest risk to the corporation. The internal audit plan should also include a component of the strategic needs of an organization. our team of experts ensures that your audit requirements are met without any hassle.
Compliance audit is a detailed review to ensure an organization follows the necessary rules and regulations. It checks whether the company is adhering to the laws and policies set by the external regulatory requirements. It involves examining various aspects, such as security measures, risk management strategies, and user access control. our team of experts ensures that your audit requirements are met without any hassle.
Due Diligence Report is shield against unforeseen risks. It identifies potential pitfalls, legal issues, financial vulnerabilities, and operational challenges. By uncovering these risks early, you can make informed decisions about proceeding with deals or with your investments and assets. our team of experts ensures that your requirements are met without any hassle.