Broadly Audit Services include the following :
- In-depth study of existing systems, procedures, and controls for
proper understanding. Suggestions for improvement and
strengthening.
- Ensuring compliance with policies, procedures, and statutes.
- Comprehensive review to ensure that the accounts are prepared
in accordance with Generally Accepted Accounting Policies and
applicable Accounting Standards/IFRS.
- Checking the genuineness of the expenses booked in accounts.
- Reporting inefficiencies at any operational level.
- Detection and prevention of leakages of income and suggesting
corrective measures to prevent recurrence.
- Certification of the books of account being in agreement with the
Balance Sheet and Profit and Loss Account.
- Issue of Audit Reports under various laws.
Types of Audits conducted
- 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, Co-Operative Societies etc.
- Information System Audit
- Internal Audits.
- Forensic Audit
- Due Diligence Audit
- Compliance Audit
- Performance Audit
- Special Purpose Audit