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Audit & Assurance

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Audit & Assurance

Overview

Our Audit & Assurance services are designed to provide businesses with the highest level of accuracy, transparency, and accountability. We focus on adding value through risk management and compliance, ensuring that your business operations are not only compliant with the law but are also optimized for growth and efficiency.

Whether you're a startup or a large corporation, we tailor our audits to meet your unique business needs, providing insights that go beyond just compliance.

Our Audit & Assurance Services Include:

1. Statutory Audit

  • Statutory audits for Private Limited Companies, Public Limited Companies, LLPs, and One Person Companies (OPC) under the Companies Act.
  • Review and verification of financial statements to ensure compliance with accounting standards.
  • Issuance of an audit report with recommendations for improving financial management and internal controls.

2. Tax Audit

  • Tax audit as per Section 44AB of the Income Tax Act for businesses with turnover exceeding the prescribed limit.
  • Verification of income, expenses, and tax calculations to ensure adherence to tax laws.
  • Assistance with tax audit reports and filing with the Income Tax Department.

3. GST Audit & Compliance

  • Comprehensive GST audits to ensure compliance with GST laws.
  • GST returns reconciliation (GSTR-1, GSTR-3B) for accuracy.
  • Assistance with GSTR-9C filing (GST audit report).
  • Support with GST scrutiny and assessments to ensure adherence to tax laws.

4. Internal Audit

  • Internal audits focused on risk management and control assessments.
  • Reviewing processes and recommending improvements in areas such as financial operations, inventory management, and internal controls.
  • Assistance with the implementation of corporate governance best practices.
  • Identifying and mitigating operational inefficiencies or compliance risks.

5. Management & Operational Audit

  • Audits that focus on business processes, efficiency, and effectiveness.
  • Identifying opportunities for improving operations and optimizing costs.
  • Review of internal operations, operational controls, and the implementation of best practices.

6. Stock & Fixed Asset Audits

  • Verification of stock inventories, ensuring proper recording and accounting.
  • Fixed asset audits to ensure proper management of assets, depreciation calculations, and accounting compliance.
  • Identification of discrepancies or potential mismanagement of assets or inventories.

7. Audit for Start-ups & New Businesses

  • Audit services tailored for new businesses, ensuring compliance from the very start.
  • Advice on structuring your operations to minimize risks.
  • Support for preparing for future audits and establishing strong financial practices.
  • Feasibility audits and business set-up surveys to evaluate the viability and sustainability of new business ventures.

8. Forensic Audit & Fraud Detection

  • Forensic audits to detect and investigate financial discrepancies or fraudulent activities.
  • Assistance with investigating financial crimes, frauds, or other financial misconduct.
  • Providing legal support and ensuring compliance during fraud investigations.

9. Regulatory & Compliance Audits

  • Audits to ensure compliance with various regulatory requirements including RBI, FEMA, SEBI, statutory laws, and other industry-specific regulations.
  • Support with regulatory submissions and ensuring that financial statements comply with all applicable laws and standards.

10. Transfer Pricing Audit

  • Transfer pricing audits to ensure compliance with global transfer pricing laws, especially for multinational companies.
  • Assistance with preparing and filing transfer pricing documentation.
  • Evaluation of intra-group transactions to ensure adherence to arm’s length standards and avoid tax disputes.

Why Choose Us for Audit & Assurance Services?

  • Comprehensive Audit Solutions : We offer a full spectrum of audit services for businesses of all sizes, ensuring you are always in compliance.
  • Expertise Across Industries : From startups to large corporations, we have extensive experience across sectors like manufacturing, IT, real estate, and services.
  • Risk Management Focus : Our audits focus on identifying risks and opportunities for business growth, giving you actionable insights.
  • Customized Approach : Our audit services are tailored to your specific business needs, whether you're looking for routine compliance or deeper business analysis.
  • Global Standards : We follow international audit standards, ensuring your audits meet the highest quality benchmarks.

FAQs

Depending on your business type and size, audits may be required annually or based on specific statutory requirements. We offer both regular and ad-hoc audits.

A statutory audit is required by law for certain companies under the Companies Act, while a tax audit is specific to businesses under the Income Tax Act to ensure compliance with tax laws.

Yes, we offer remote audits using secure digital platforms, enabling us to conduct audits effectively even in virtual environments.

An internal audit helps identify inefficiencies in operations, financial mismanagement, or areas where business processes can be improved. It also helps ensure compliance with internal policies and regulatory requirements.

If you receive an audit or tax notice, it’s crucial to take prompt action. We assist in preparing your response, gathering necessary documents, and representing you in front of tax authorities.

Yes, we specialize in GST audits, ensuring that all GST-related records are reconciled and compliant with the law, while also helping you with GSTR-9C filings.

A Transfer Pricing Audit ensures that transactions between related companies (like subsidiaries or parent companies) are at arm’s length and compliant with international tax standards. If you are part of a multinational organization, you may need it.