Audit


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	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.