Audit and Assurance
Broadly, Audit involves the following :
In-depth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening.
Ensuring compliance with policies, procedures and statutes.
IndAccounting Standards/IFRS.
Checking the genuineness of the expenses booked in accounts.
Reporting inefficiencies at any operational level.
Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
Issue of Audit Reports under various laws
Types of Audit
Statutory Audit of Companies.
Tax Audit under Section 44AB of the Income Tax Act, 1961.
Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
Concurrent Audits.
Revenue Audit of Banks.
Branch Audits of Banks.
Audit of PF Trusts, Charitable Trusts, Schools, etc.
Audit of Co-operative Societies.
Information System Audit.
Internal Audits.
Service Tax Audit
Excise Audit
Audit Of Electoral trust
