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AUDIT :- |
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Broadly, Audit involves the following : |
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- Indepth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening.
- Ensuring compliance with policies, procedures and statutes.
- Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting 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.
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Types of Audits conducted |
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- 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 Socities.
- Information System Audit .
- Internal Audits.
- Secretarial Audit of Listed Companies and Bigger Companies as per Section 204 of Companies Act, 2013 and Rules there under .
- Audit of Secretarial and related records maintained by Companies.
- Submit the Secretarial Audit Report to the Board of Directors of the Company.
- Audit of Share Broker, Depository Participant, Registrar & Share Transfer Agent.
- Securities Audit as per SEBI(LODR),2015
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