Broadly, Audit involves the following :

• Indepth 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

• Internal Audit

  • Tailor made scope oriented Internal Audits

  • Investigations & Special Audits as required by the management

  • Management Audit

  • Bank audits

  • Proprietary Audit

• Statutory Audit

  • Society Audits - Registered under Societies Act, 1860

  • Audit under The Income Tax Act, 1961

  • Audit under The Maharashtra Value Added Tax Act, 2002

  • Audit under Goods and Services Tax Act, 2017

  • Bank audits

  • Trust Audits as per Maharashtra Public Trusts Act

  • Transfer Pricing Audit

  • Audit under Maharashtra Co-Operative Societies Act I960

  • Bank Audits

    • Concurrent Audits.

    • Revenue Audit of Banks.

    • Branch Audits of Banks.

    • Internal Audit – Banks

  • Audit of Schools, Charitable Trusts, PF Trusts etc

• Secretarial Audit

• Stock Audit

• Information Systems Audit