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Audit and Assurance Services

Audit and Assurance services are essential for maintaining transparency and accuracy in financial reporting. We provide these services to ensure that a company's financial statements are a true and fair representation of its financial position. These services enhance the credibility of financial information, helping stakeholders make informed decisions.

Types of Audits:

  1. Statutory Audit:
    • Mandatory for all public and private limited companies as per the Companies Act.
    • Ensures compliance with legal and regulatory requirements.
  2. Internal Audit:
    • Conducted to assess the effectiveness of internal controls, risk management, and governance processes.
    • Helps in identifying areas of improvement within the organization.
  3. Tax Audit:
    • Required under the Income Tax Act for entities exceeding a certain turnover threshold.
    • Ensures compliance with tax laws and regulations.
  4. Information Systems Audit:
    • Evaluates the controls and security of an organization’s IT systems.
    • Ensures the integrity and reliability of information systems.
  5. Operational Audit:
    • Reviews the efficiency and effectiveness of operations.
    • Aims at improving organizational performance.
  6. Compliance Audit:
    • Assesses whether an organization adheres to regulatory guidelines, standards, and policies.
    • Ensures compliance with applicable laws and regulations.
  7. Management Audit:
    • Evaluates the performance of management in carrying out corporate policies.
    • Focuses on improving management efficiency and effectiveness.
  8. Due Diligence Audit:
    • Conducted before mergers and acquisitions.
    • Evaluates the financial health and risks of the target company.

These diverse types of audits provide comprehensive assurance services, helping organizations maintain robust financial health and operational efficiency.