Audit & Assurance

Audit and Assurance is a service that provides an independent and objective evaluation of a company's financial statements and internal controls to ensure accuracy compliance with regulations. Our team of experts will help identify potential risks and provide recommendations for improvement.

Tax Audit

Mandatory Tax Audit: Required under the Income Tax Act, 1961, for certain taxpayers meeting specific criteria.
Special Audit: Conducted in cases where the assessing officer believes that the taxpayer's accounts are complex or that a thorough examination is necessary.

Criteria for Mandatory Tax Audit:A taxpayer is required to undergo a tax audit if:

 Business: The turnover exceeds Rs. 1 crore in the case of businesses (Rs. 2 crore for businesses opting for presumptive taxation under section 44AD).
 Professionals: Gross receipts exceed Rs. 50 lakhs in the case of professionals like doctors, lawyers, etc.

Information System Audit

An Information Systems (IS) audit, also known as IT audit or cybersecurity audit, is an examination and evaluation of an organization's information technology infrastructure, systems, processes, and controls. The primary objective of an IS audit is to assess the effectiveness, efficiency, security, and compliance of an organization's IT environment. IS audits are conducted by trained professionals known as IS auditors or IT auditors.

Forensic Audit

Forensic audit involves a meticulous examination of financial records to uncover potential fraud or financial irregularities within an organization.

Conducted by independent experts, it aims to gather evidence, identify perpetrators, and provide recommendations for legal action or remediation.

Stock Audit

Stock audit, also known as inventory audit or stock take, is a crucial process for businesses to ensure the accuracy of their inventory records and compliance with accounting standards. It involves physically counting and verifying the quantity and condition of goods held in stock.

Cost Audit

Cost audit is an essential process undertaken by businesses to evaluate and verify their cost accounting records, ensuring compliance with accounting standards and regulatory requirements. It aims to control costs effectively, manage resources efficiently, and enhance overall organizational performance.

Internal Audit

Internal audit is a systematic examination and evaluation of an organization's processes, controls, and operations conducted by internal auditors to provide independent assurance Its primary purpose is to help organizations achieve their objectives by identifying areas for improvement, assessing risks, and ensuring compliance with policies, procedures, and

regulations.