Audit
Auditing is a crucial process in maintaining the integrity and accuracy of financial records within an organization. It involves the systematic examination and verification of a company's financial records, processes, and systems.
Audits include
Audits include verifying the authenticity of expenses, identifying operational inefficiencies, and preventing income leakages with actionable recommendations. We also certify that the books of accounts are consistent with the Balance Sheet and Profit and Loss Account, and issue audit reports under various legal frameworks.
Audits also include verifying the authenticity of expenses, identifying operational inefficiencies, and preventing income leakages with actionable recommendations. We also certify that the books of accounts are consistent with the Balance Sheet and Profit and Loss Account, and issue audit reports under various legal frameworks.
Types of Audits Conducted:
- Statutory Audits of Companies
- Tax Audits under Section 44AB of the Income Tax Act, 1961
- Audits under various sections of the Income Tax Act, 1961 (e.g., Sections 80HHC, 80-IA)
- Concurrent Audits
- Revenue Audits of Banks
- Branch Audits of Banks
- Audits of Provident Fund Trusts, Charitable Trusts, Schools, etc.
- Audits of Co-operative Societies
- Information System Audits
- Internal Audits