Audit & Assurance |
| Statutory Audit |
| The guiding principal of a statutory audit assignment is to ensure that thefinancial statements prepared by the management give a true and fair view. We review compliance with accounting procedures, provisions of various law, standards and guidelines in accordance with the Generally Accepted Accounting principles to ensure that financial statements are free of any misstatements, errors and discrepancies. |
| Internal Audit |
| An internal audit is a vital tool in corporate governance. It provides independent assurance that the key risks facing an organization have been identified and managed, and that systems and controls are robust and appropriate. |
| Concurrent Audit |
| We conduct Concurrent audit of Banks which is the examination of the financial transactions at the time of happening or parallel with the transaction. It is part of a bank's early warning system to ensure timely detection of irregularities and lapses. It helps in preventing fraudulent transactions at branches. |
| Tax Audit |
| We conduct Tax Audit of assesses as required under Section 44 AB of the Indian Income Tax Act. This involves reporting on the certain factual details by assesses to the Income Tax Department to enable proper assessment of tax by the Department. |
| Special Audit |
| We conduct compliance and secretarial audits. Ithelps strengthen the Corporate Governance in an organization. Compliance audit assists Audit Committee Board by providing the status of various management compliances. It also assists in evaluating of the effectiveness of internal control and compliance mechanism within an organization.
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| Stock Audit |
| A process which every business institution needs to perform at least once in a financial year or at the special request of merchant bankers. As far the stock audit process is concerned, the process mainly involves the counting of physical stock presenting the specified premises and verifying the same with computed stock maintained by the company. The reason and purpose behind executing this is to correct the discrepancies present in the book stock when compared to physical stock by passing necessary adjustment entries. |
| IS Audit |
| We conduct IS Audit of Banks which focuses on security controls of physical and logical security of the banking system including change controls, administration of server accounts, system logging and monitoring, incident handling, system backup and disaster recovery. |
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