Services Offered

Statutory Audit

To ensure that the financial statements such as the Balance Sheet, Profit & Loss Account and Cash Flow Statement gives true & fair view and are free from any material misstatements a statutory audit need to be conducted. We ensure that the accounts prepared are in accordance with the Generally Accepted Accounting Principles (GAAP).

Internal Audit

Internal audit aims at the promotion of efficiency, economy, and effectiveness of the management processes, and the reliability and accuracy of operations. We provide services of internal audit for any company of any industry.

What We Offer:

• Assessing/ preparing Internal Audit Manual for the organization and Study of control objectives.
• Advising organizational procedures being followed.
• Analyzing Accounting and Audit manual.
• Practicality and viability of existing controls and areas of improvement.
• Assessment of risks and open points.
• Checking the controls instituted within the system.
• Determining controls that are adequate to meet control objectives.
• Working out possible areas of improvement.
• Comparison of written control policies and adherence to same.
• Measuring deviation at test check levels.
• Deciding on degree of control which is adequate depending upon organization to organization.
• Consideration of Fraud in internal audit.
• Internal audit sourcing and outsourcing.
• Assets at risk and their protection.
• Audit of Corporate Governance.
• Evaluation of department for internal controls, if exist.
• Legal and situational internal control advisory.
• Process Audits.

Management Audit

Management Audit is an assessment of methods and policies of an organization’s management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement. Management Audit is generally conducted by the employee of the company or by the independent consultant and focused on the critical evaluation of management as a team rather than appraisal of individual.

Concurrent Audit

Most organizations such as banks, asset management firms, finance institutes and insurance organizations utilize the internal audit approach. Concurrent Audit is much the same as Internal Audit and is carried out at regular intervals. This is done to supervise the effectiveness in standard operations with statutory proclamations from time to time. Concurrent Audit usually acts as an appendage to the internal audit team and assists it on a regular basis with factual findings.

Revenue Audit

Revenue Audit is the audit of items governing income and expenditure. It is conducted with a view to verify the accuracy, relevance of expenditure incurred and income earned according to applicable circulars, notifications, etc.

Credit Audit

Credit Audit examines compliance with extant sanction and post-sanction processes / procedures laid down by the bank from time to time.

Stock Audit

Assets e.g., Stocks and physical assets such as raw materials are important real assets and need repeat watch. As a large number of companies are operating across the borders through multiple locations, some even with various channel partners, ensuring this watch is challenge. We offer our focused services to companies to keep them assured of their physical assets.

Due Diligence

A due diligence audit is an internally conducted audit of a company that seeks to ensure that the company is ready for sale. It seeks to preempt the questions and issues that arise during a typical due diligence process, and ensure that the selling company is ready for whatever comes it way during due diligence.

Investigation

This audit is conducted when suspicious actions are observed on the behalf of a company, a person or at times of a loss in business. Investigative Audit surpasses standard procedures. This endeavour necessitates analytical methods, interrogating ability and monetary data reconstruction.

Information System Audit

This type of audit involves an inspection of a firms IT structure, programme and performance. They are generally classified into three types:

• General Controls Review: an assessment of the authorities that oversee the running, upkeep and safeguarding of application systems in a certain milieu.
• Application Controls Review: this could incorporate an introspection of authority over the input, processing and production of systematic material.
• System Development Review: this involves an introspection of the progress of a new application system. This includes an assessment of the development procedure as well as the end-product.

Forensic Audit

• A forensic audit is an examination and evaluation of a firm’s or individual’s financial records.
• During a forensic audit, an auditor seeks to derive evidence that could potentially be used in court.
• A forensic audit is used to uncover criminal behavior such as fraud or embezzlement.
• Our Report on Forensic Audit includes finding in the investigation, summary of evidence collected, how the fraud was perpetrated and possible suggestions.

Virtual CFO Services

• Forecasting, Budgeting and Variance Analysis
• Financial Planning
• Tax Compliances – Income Tax, ROC
• Receivables and Payables Management
• Implementation of Strong Internal Controls
• Payroll Services
• Monthly MIS reporting (Profit & Loss, Balance Sheet, Cashflow, Ratio Analysis)

Income Tax Services

• Audit Under Income Tax Act
• Tax Planning.
• Compliance and filing of returns under Income Tax Act
• Opinions for Notices under Income Tax Act.
• Representations before Income Tax Appellate Tribunal
• Corporate Taxation and Advisory
• Appellate work under all fiscal laws
• TDS and TCS Compliance.

International Taxation

• Assistance in Transfer Pricing Transactions.
• Cross Border Transaction Advisory
• Expatriate Tax advisory & Compliance
• Advising on DTAAs between India and other countries
• Compliance and filing of returns under Income Tax Act
• Litigation support

Indirect Taxation

• Registration under Good and Services Tax Act, Customs Act.
• Compliance and filing of returns under Good and Services Tax Act, Customs Act
• Opinions for Notices under Good and Services Tax Act, and Customs Act
• Litigation Works
• Assistance in Assessable Value Calculation under Customs Act.
• Possible Services under Value Added Tax.

Management Consultancy & Other Services

• Financial management planning,
• Working capital management,
• Preparing project reports and feasibility studies,
• Budgeting, Inventory management,
• Market research and demand studies,
• Cost control and value analysis,
• Valuation of shares and business and advice regarding amalgamation, merger and acquisition, Acting as Registered valuer under Companies Act, 2013 r.w. Companies (Registered Valuers & Valuation) Rules, 2017.
• Systems analysis and design, and computer related services,
• Acting as advisor or consultant to an issue,
• Investment counselling in respect of securities,
• Acting as registrar to an issue and for transfer of shares/other securities,
• Quality Audit, Environment Audit, Energy Audit,
• Acting as Recovery Consultant in the Banking Sector,
• Insurance Financial Advisory Services under IRDA Act, 1999
• Administrative Services
• Designing and Implementation of systems
• System Security Policy – Designing
• Organization Structuring and System Development
• MIS – Reporting Systems – Development of MIS
• Assistance in submission of CMA & QIS Statements
• Social Cost Benefit Analysis
• CSR Studies for Corporates

Foreign Exchange Related Services

• FIPB / SIA Approvals
• RBI Approvals
• Registration, Prior permission & Compliance under FCRA
• Offshore Companies
• Other FEMA & FCRA matters.

Company Secretarial Services

• Business Set up under the Companies Act, 2013 and the Limited Liability Partnership Act, 2008.
• Regulatory Secretarial practices under the Companies Act, 2013 and the Limited Liability Partnership Act, 2008.
• Drafting of MOA, AOA and Minutes under Companies Act 2013.
• Assistance in responding Notices to ROC.
• Winding up under the Companies Act.

Other Services

• Insolvency Professional Services under Insolvency Bankruptcy Code 2016.