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Auditing & Assurance Services

We provide comprehensive auditing & assurance services to clients in different spheres of business. Our services include:

  • Statutory Audit :-of both Public and Private Companies, Banks, Financial Institutions, PSU's, firms and Sole-Proprietor’s
  • Internal Audit :-Focus is to ensure strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas.
  • Tax Audit :-To prepare report in Form 3CA/3CB including annexure in Form 3CD as per Section 44AB of the Income-Tax Act Process / Transaction : A process audit is an examination of results to determine whether the activities, resources and behaviors that cause them are being managed efficiently and effectively. Management Audit : To assess the systems, methods and policies followed by an entity’s management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement.
  • Investigation :-is carried out when a lapse already exists in an organization in order to pin point the reason and person involved in it so that responsibility for such lapse could be fixed
  • Stock Audit :-is carried out on behalf of banks and financial institutions. The objective is to ensure that the security against which funds are lent by the bank is safe and valued correctly.
  • Due Diligence :-We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.

GST Audit & Assurance

Sec 35 (5) of the CGST requires the accounts to be audited under the CGST Act once turnover in a particular financial year crosses the prescribed limit, by a Chartered Accountant or a Cost Accountant. A report shall be required to be submitted in prescribed format. This is similar to provisions under the erstwhile VAT act. This means, irrespective of the taxable business, be it manufacturing, trading, services, renting; one shall have to get the audit done for GST, if it crosses the prescribed turnover.

Going with a team which has a good domain understanding, have seen different business models and possess deep auditing skills, would help corporates and multinational companies get early alerts about the issues, status of compliance and can help adopt to industry best practices. The audit exercise can also bring tax planning angle which was missed out while doing the routine compliance.

We have a full-fledged specialized audit team which is backed up by expert GST consultants so as to make available updated GST knowledge as and when need be with specialized experience in specific industry verticals like manufacturing, event management, IT consultancy, staffing, etc. Apart from this, the GST audits PAN India, if so need be can be handled with help of our affiliate network spread across various metros and small towns across India.