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Auditing Services

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