The founder partners have introduced audit of medium and small industry run under ownership of partnership, proprietorship and Companies, beside Trusts, Banks etc. The firm follows the most advanced technique in auditing including auditing programs. We use a constructive approach in auditing. For example as a result of acquiring intimate knowledge of the client's financial and administrative problems we often recommend improvements for more efficient operation, stronger financial structure and improved system of accounting and administrative controls. Our philosophy and practice is to blend the technical, the practical and the business approach in each audit engagements.

The purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles together with Accounting Standards/ US GAAP/ IAS and that they represent a true and fair view of the state of affairs of the organization. This is possibly one of the most important functions of a CA where specialised training, skill and judgment are required

Our Auditing Services include

Statutory Auditing:
Under various statutes the business or entity have to get accounts audited. We carry out the same under different statues e.g. Companies Act 1956, Banking Regulation Act, Non Profit organizations, Income Tax Act, 1961 & Insurance Act etc

Our statutory audits also includes statutory audits of banks under banking regulations act, Under Societies & Trust Laws, Investigations, Due Diligence Reviews, Special audits relating to business Reconstructions, Reorganisations, Mergers, Liquidations & Bankruptcies.

Tax Audit
Every assessee, whose turnover of a business exceeds Rs 40 Lacs or total receipts from any profession exceeds Rs 10 Lacs in any previous year, is required to get his accounts audited and report as per section 44 AB of the income tax act we carry out the same.

Internal Auditing/Concurrent Auditing:
For in depth checking of day-to-day transactions, large business organizations require internal audit.

Physical verification of fixed Fixed Assets/Inventory/stock in trade:

Normally every company physically verifies his fixed assts and stock in trade once in a year through an independent agency. We have an experience of more than 25 years for conducting such type of audits for big companies.

SYSTEM AUDIT

"An IS audit is expected to provide reasonable assurance to the management on quality (effectiveness, efficiency and economy), external IT (confidentiality, integrity and availability) and fiduciary (compliance and reliability). We help our clients to understand and manage IT risks, which enables them to use leading edge technology and stay ahead in a competitive environment by implementing business and process-oriented controls.

IS auditing involves the evaluation of systems and procedures to ensure that assets are safeguarded; the integrity of computer data is maintained, and the objectives of the organization are achieved.

Task of IS auditors

• Planning an efficient and effective audit approach by defining the objectives and scope, preparing the programs and scheduling the resources.
• Obtaining the documenting evidence that the audit area is adequately controlled and the operations are effective and efficient by using appropriate audit techniques.
• Evaluating the strengths and weaknesses of audit areas and reporting their efficiency, effectiveness and state of control by analyzing the audit evidence.
• Presenting a report of findings, conclusions and recommendations to inform the management of the adequacy of controls and effectiveness of operations.
• Assessing the action taken by the management regarding follow-up and reporting techniques.
• Adhering to the norms of ethics and professional standards to ensure quality and consistency of audit work."
  

ASSURANCE SERVICES

Assurance services add value to your organization by providing independent credibility to your financial statements, professional advices to management & solutions to improve systems & performance

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