The Chartered Accountants at PRAKASH K PRAKASH are adept at planning and executing an efficient business audit. In our existence of over 30 years in the domain, We have stuck to the highest professional standards in delivering Internal Audit Assurance and Management Audit Services. Our gamut of Auditing and Assurance Services includes Statutory Audits, Tax Audits, Internal & Management Audit, Information System Audit, Stock Audit and many more. Post audits, We provide our clients with very specific inputs to attain and sustain greater degree of control, Efficiency and effectiveness in various business functions.
The process of obtaining comprehensive understanding of the client’s business, accounting system and internal controls enable us to focus on key areas besides doing the normal audit. This process also depends upon clients to clients’ requirements. This approach ensures that the professional and commercial experience of the members of the firm is constantly brought to bear on a clients affairs.
Over the years we have specialized in carrying out the internal-management audits of small to big sized business entities. The thrust is to audit for the statutory requirements and also simultaneously report the irregularities and the weakness in the internal control and systems for proper action and rectification.
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/ 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 Chartered Accountant where specialized training, skill and judgment are required.
Types of Auditing Services rendered by PKP
Statutory Audits :
We undertake Statutory Audits of Public/Private Limited Companies in the Manufacturing/ Trading/ Service Sectors, IT Companies, Nationalized Banks, Financial Institutions, Non-Banking Finance Companies, Public Sector Undertaking (PSU), Charitable Institutions, NGO, Hotels, Hospitals, Co-operative Societies and other small and medium sized enterprises.
Tax Audits :
Every business Company, Firm or Enterprises whose turnover exceeds Rs.1 Crore or total receipts from any profession exceeds Rs. 25 Lakhs in any previous year is required to get its accounts precisely & punctually audited and obtain a report under the section 44AB of the Income Tax Act. Similarly, u/s 44AD where an assessee has declared his net profit less than 8% of its total turnover in that case, the assessee has to obtain tax audit report as prescribed under the law. We have a team of tax experts to conduct such type of audits.
Internal & Management Audit :
The focal point is to ensure strong internal & managerial control systems to minimize the risk of accidental or deliberate errors and omissions. Apart from, Safeguarding of valuable assets, Sufficient division of authority over key control areas and stringent compliance with the internal operating policies and corporate governance.
Information System Audit (IS Audit) :
IS Audit evaluates the adequacy of internal controls with regard to specific computer programs and the data processing environment as a whole. It ascertains whether computer systems safeguard assets, Maintain data integrity and allow the goals of an organization to be achieved effectively and efficiently. Our team includes experienced computers professionals and qualified system Auditors (DISA) to conduct IS Audit.
Concurrent and Income & Expenditure Audit :
Large organizations and corporations need to verify day to day business transactions. We have a pool of qualified & experienced professionals and ancillary staff, to conduct such audits.
Current Asset / Stock Audit
Organizations needs to verify there debtors/stocks or the lender needs to verify its borrowers repaying capacity. We undertake current assets audit to enable companies assure the value of there book debts/stock.
Contact PKP for Auditing and Assurance Services In Delhi
Contact Person : Mr. Prakash Gupta
Telephone Numbers : +91-11-23382207/ 23388753
Mobile Number : +91-9811031841