Statutory Audit involves review and examination of books of accounts maintained by an entity according to requirements of the Statute in order to ensure that the financial statements prepared by that entity represents true and fair view of the affairs of the company.
In India, every company is required to get its accounts audited by an independent Chartered Accountant in Practice. Statutory Audit ensures reliability of annual accounts of the company for various interested parties such as government, shareholders, debtors, creditors, bankers etc.
Our Audit methodology and skilled professionals maintain effective communication with the client so that a comprehensive bird’s eye view of the company is obtained and that major considerations can be detected and sorted at an early stage. Our professionals highlight and inform about both current and future risks.
We offer robust and independent audit services to our clients. Our Team has expert knowledge of complex accounting processes, audit procedure and regulatory and legislative issues.
Tax Audit is a compulsory review of accounts mandated by the provisions of the Income Tax Act, 1961 in a case where the total turnover of a person / entity exceeds the prescribed threshold. Tax Audit has to be conducted by an independent firm of Chartered Accountants/ Chartered Accountant appointed by the person / entity itself.
"Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Internal Auditors' roles include monitoring, assessing, and analyzing organizational risk and controls; and reviewing and confirming information and compliance with policies, procedures, and laws. Working in partnership with management, internal auditors provide the board, the audit committee, and executive management assurance that risks are mitigated and that the organization's corporate governance is strong and effective. And, when there is room for improvement, internal auditors make recommendations for enhancing processes, policies, and procedures”
- Institute of Internal Auditors (IIA)
Our approach to internal and management audit lay emphasis on the principle that it should be proactive, integrated rather than post-transactional. To provide our clients with maximum value from the audit requires approaching the audit as a process that involves an understanding of your business and your industry and consistent communication.