Our Assurance and Compliance division has developed a strategic methodology in carrying out cost-effective audits for large and medium sized companies in the manufacturing, trading and service sectors.

The Assurance practice helps clients by understanding the increasing complexity of the regulatory environment, the need for greater transparency in operations and disclosure norms.

Statutory Audits

Every company registered in India has to get its accounts audited from a chartered accountant every year. We have team of professionals to conduct such audits. We,

• Carry out statutory auditing of Indian Companies in compliance with the Indian Corporate laws
• Perform internal auditing to review the internal control systems of the organizations

Tax Audits

To discourage tax avoidance and evasion, the requirement of a tax audit was introduced by the Finance Act of 1984, by inserting a new section “44AB” w.e.f. Assessment Year 1985-86. A Tax Audit involves an expression of the tax auditors’ opinion on the truth and correctness of certain factual details, given by assessee to the Income Tax Authorities to enable an assessment of tax.

Our endeavour is to mitigate the burden of tax and to review that disallowances and deductions if any, under the various provisions of Income Tax Act, 1961 are properly and correctly calculated, so that the income assessable can be computed correctly.

Our approach involves the following: -

• Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account as per the requirements of the Income Tax Act, 1961
• Checking the correctness of the Claimable deductions as allowed in the Income Tax Act,1961
• Effective reviews to see that the accounts are prepared in accordance with the tax efficient policies
• Checking the various tax compliance norms as set out by the Income Tax Act, 1961
• Issuing the Report of Tax Audit as required by the Income Tax Rules in the prescribed format

Compliance Audits

Compliance audit provides a comprehensive insight into the functioning and effectiveness of management processes. It provides an independent assurance to the audit committee board regarding management compliance status. It measures the maturity of the compliance processes by focusing on key statutory and internal assessment areas.

We continuously endeavour: -

• To add value to Corporate Governance
• To identify the high-risk areas and suggest suitable measures for risk management
• To evaluate the adequacy and effectiveness of the internal compliance monitoring mechanism within a company
• To provide an assurance to the audit committee board about the policies of the company vis-à-vis the various compliance rules

Special Investigation Audits

The Special Investigation Audits are carried on behalf of Banks, Financials Institutions, Top Management, Judicial Bodies, Special group of Investors etc. The audits are conducted as per the specific scope agreed. The main objective of such an audit is to provide a critical review of a company’s working and its state of affairs.

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