TYPES OF AUDITS CONDUCTED:

• tatutory Audit of Companies as required by the companies act-2013
• Internal Aidits of Companies as required by the companies act-2013
• ax Audit under Section 44AB of the Income Tax Act, 1961.
• udit under other sections of the Income Tax Act, 1961 such as 12a, 80-IA, etc.
• oncurrent Audits of banks
• evenue Audit of Banks.
• tatutory Branch Audits of Banks.
• udit of PF Trusts, Charitable Trusts, Schools, etc.
• udit of Co-operative Societies.
• nformation System Audit

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.

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