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AUDITING
KNOW ABOUT AUDITING
COMPULSORY AUDIT U/S 44AB OF THE INCOME
TAX ACT
COMPANY AUDIT
SOCIETY/ TRUST/ NGO AUDIT
PARTNERSHIP FIRM AUDIT
PROPRITORSHIP FIRM AUDIT
AUDIT FORMS
MORE ON AUDITING
Details
:
The founder partners have introduced audit of medium and small
industry run under ownership of partnership, proprietorship and
Companies, beside Trusts, Banks etc. The firm follows the most
advanced technique in auditing including auditing programs. We use a
constructive approach in auditing. For example as a result of
acquiring intimate knowledge of the client's financial and
administrative problems we often recommend improvements for more
efficient operation, stronger financial structure and improved
system of accounting and administrative controls. Our philosophy and
practice is to blend the technical, the practical and the business
approach in each audit engagements.
The purpose of auditing is to satisfy the users of financial
statements that the accounts presented to them are drawn up on
correct accounting principles together with Accounting Standards/ US
GAAP/ IAS and that they represent a true and fair view of the state
of affairs of the organization. This is possibly one of the most
important functions of a CA where specialised training, skill and
judgment are required.
Our Auditing Services Include
Statutory Auditing:
Under various statutes the business or entity have to get accounts
audited. We carry out the same under different statues e.g.
Companies Act 1956, Banking Regulation Act, Non Profit
organizations, Income Tax Act, 1961 & Insurance Act etc.
Our statutory audits also includes statutory audits of banks under
banking regulations act, Under Societies & Trust Laws,
Investigations, Due Diligence Reviews, Special audits relating to
business Reconstructions, Reorganisations, Mergers, Liquidations
& Bankruptcies.
Tax Audit
Every assessee, whose turnover of a business exceeds Rs 40 Lacs or
total receipts from any profession exceeds Rs 10 Lacs in any
previous year, is required to get his accounts audited and report as
per section 44 AB of the income tax act we carry out the same.
Internal Auditing/Concurrent Auditing:
For in depth checking of day-to-day transactions, large business
organizations require internal audit.
Physical verification of fixed Fixed Assets/Inventory/stock in
trade:
Normally every company physically verifies his fixed assts and stock
in trade once in a year through an independent agency. We have an
experience of more than 25 years for conducting such type of audits
for big companies.
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