Our Services
Audit & Assurance
For organizations to have confidence in the integrity and dependability of their financial statements and other financial information, audit and assurance are crucial. These services are intended to increase financial reporting’s credibility and transparency, which is important for stakeholders like shareholders, investors, creditors, and regulatory agencies.
Among the key Audit and assurance services are.
Among the key Audit And Assurance services are:
- Statutory Audit: The purpose of a statutory audit is to confirm and provide an opinion on the fairness and correctness of financial statements in line with the rules, regulations, and accounting standards that are relevant. In general, these audits are required by the Companies Act of 2013 for businesses and other bodies.
2. Internal audit: The assessment and enhancement of a company’s internal control framework, risk management procedures, and operational effectiveness. Internal audits aid in preventing fraud, waste, and poor management by giving management insights into potential improvement areas.
3. Tax audit: To verify adherence to tax laws and rules. To ensure the correctness of tax computations, compliance with tax rules, and appropriate disclosure of information in tax returns, these audit and assurance entail a thorough study of financial data.
4. Concurrent Audit: Concurrent auditing is the process of continuously monitoring and reporting on an organization’s financial and operational activities. These audits contribute to the improvement of the entire control environment by identifying and preventing errors, irregularities, and fraud.
5. Forensic Audit: Investigating financial irregularities, alleged frauds, and asset theft is the goal of forensic auditing. Identifying culprits, gathering and analyzing evidence, and offering professional opinions for legal processes are all parts of forensic audits.
6. Due Diligence: The review of mergers, acquisitions, joint ventures, and other corporate transactions is known as due diligence. To evaluate the risks, opportunities, and financial ramifications related to the transaction, these audit and assurance entail a thorough analysis of financial accounts, records, contracts, and other pertinent information.