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| Audit |
| 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.
- 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 : |
- Statutory Audit of Companies
- Tax Audit under Section 44AB of the Income Tax Act, 1961.
- Concurrent Audits.
- Audit of PF Trusts, Charitable Trusts, Schools, etc.
- Audit of Co-operative Societies.
- Internal Audits.
- Statutory Audit of Co-Operative Banks, Public & Private sector Banks
- Audit of Pathpedi, Co-operative Credit Societies
- Audit under other sections of the Income Tax Act, 1961 such as 80-IB, etc.
- Audit of Partnership Firms
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