Audit & Assurance
What is that adds credibility to the financial statement of enterprises? If you answered "A true and fair presentation of statements free from material errors or other misstatements", you answered right.
Errors, omissions, irregularities are not new to business. Advancement and expansion of businesses brings in innumerable challenges, opportunities and threats. Failing to detect or eradicate the same leave businesses struggle and in return leverage major challenges, minor success.
While preparing an audit statement, we abide by five basic principles:
- Professional competence and due care
- Professional handling
Audit Procedure that we undergo:
- Assessing the effectiveness of management's internal controls over financial reporting and legal compliance
- Examining to provide evidence supporting in the financial statements
- And lastly assessing the appropriate policies, disclosures
Types of audit we provide:
- Statutory Audits under the Companies Act, 1956
- Internal Audits including Management Audits
- Stock Audits
- VAT Audit
- Bank Audits including Statutory, Internal, and Concurrent audits
- Tax Audits under section 44AB of the Income Tax Act, 1961
- Audit of Public Charitable Trusts
- Audit of Co-Operative Societies
An unplanned financial picture fail to produce desirable business. For us, an audit is considered to be successful if it is error free, where nothing can be overlooked.