| Statutory Audits: |
The basic principal of statutory auditing is to ensure that the financial statements such as the Balance Sheet, Profit and Loss Account and Cash Flow Statement gives true and fair view & are free from any material misstatements. Our approach to Statutory financial auditing services of the financial statements ensures that the accounts prepared are in accordance with the Generally Accepted Accounting Principles (GAAP). We offer statutory auditing services, financial auditing services and tax auditing services. |
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| Internal And Management Audits: |
The main objective of Internal & Management Audits is that it functions as a service to management by providing independent, management oriented advice on an organisation’s’ operations and performance and financial services. It aims at the promotion of efficiency, economy and effectiveness of the management processes, and also the reliability and accuracy of operations. We provide internal audits for any company of any industry. The management Audits are done by core team of professionals who are experts in the field. |
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| Tax Audits Such As Income Tax Audit And Vat Audit: |
A tax audit, also known as tax enquiry, is an examination of one's tax affairs to check whether they have done what they are required to under the tax laws like declared all the assessable income or are entitled to the deductions and tax offsets they have claimed on their tax return. Our taxation advisory team is highly knowledgeable and well conversant with the ever changing scenario of the national as well as the regional tax structure in the country. |
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| Stock Audit: |
Stock audit, in general usage is considered as an important auditing term which refers to the physical verification of the inventory. However at times, it may also involve the valuation of the inventory but it would depend on the terms of reference or the engagement letter of the assignment. Stock audit is a statutory process which every business institution needs to perform at least once in a financial year. 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.
Our inventory audit services offer suggestions for the controlling of cost of the stocks of our client's company. The inventory audit report made available by us involves detailed checking of stock records & also physical verification of all of types of stocks. |
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