IN GENERAL, AUDITING ENCOMPASSES THE FOLLOWING ASPECTS:

• A comprehensive analysis is conducted on current systems, procedures, and controls to gain a thorough understanding. Recommendations are then provided to enhance and reinforce these elements.


• Verifying adherence to policies, procedures, and statutes.


• Thorough examination to verify that the accounts are prepared in alignment with Generally Accepted Accounting Policies and relevant Accounting Standards/IFRS.


• Examining the authenticity of the expenses recorded in the accounts.


• Notifying about inefficiencies at any operational level.


• Identifying and preventing income leaks while proposing corrective measures to avoid future occurrences.


• Attesting that the books of accounts are in harmony with the Balance Sheet and Profit and Loss Account.


• Issuance of Audit Reports in compliance with diverse laws.

VARIOUS TYPES OF AUDITS CONDUCTED INCLUDE:

• Statutory Audit of Companies


• Tax Audit under Section 44AB of the Income Tax Act, 1961.


• Audit under other sections of the Income Tax Act, 1961, such as 80HHC, 80-IA, etc.


• Concurrent Audits.


• Revenue Audit of Banks.


• Branch Audits of Banks.


• Audit of PF Trusts, Charitable Trusts, Schools, etc.


• Audit of Co-operative Societies.


• Information System Audit.


• Internal Audits.