Broadly, Audit Involves the Following:
In-depth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening. 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.
Types of Audits We Conducts
- 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
- Audit of Co-operative Socities.
- Information System Audit
- Internal Audits.
- Forensic Accounting and Fraud Detection Audit
- FAFD Audit
- Audit of Charitable Societies
- Audit of Trust
- Audit of the School
- Audit of AOP
- Audit under the Cooperative Society Act.
- Audit of Gram Seva Sahakari Samiti Limited.,
- Audit of the Marketing Society
- Audit of NGO
- Audit of CSR Activities
- Expenditure Audit