AUDIT :-  
     
  Broadly, Audit involves the following :  
 
  • Indepth study of existing systems, procedures and controls for proper understanding and suggestions for improvement and strengthening of the same.
  • 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/ICDS.
  • Reporting inefficiencies at any operational level - Systems Audit.
  • Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence. 
  • Issue of  Audit Reports under various laws and as required under Statutory Enactments.
 
     
  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.
  • Concurrent Audits.
  • Revenue Audit of Banks.
  • Branch Audits of Banks.
  • Audit of PF Trusts, Charitable Trusts, Schools, etc.
  • Audit of Co-operative Societies.
  • Information System Audit .
  • Internal Audits.
 
     
     
     
     
     
     
 
     
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