Auditing and Assurance Service
Our Auditing and Assurances services includes, but not limited, to following
Income Tax Act
Tax Audit Under Section 44AB of Income Tax Act, 1961. A Tax Audit is an audit, made compulsory by the Income Tax Act, if the annual gross turnover/receipts of the assessee exceed the specified limit. Tax audit is conducted in Sec 44AB of the Income Tax Act by a Chartered Accountant.
Goods & Service Tax Act
Every registered person must get its accounts audited if the aggregate turnover during FY exceeds Rs. 2 Cr from sale of goods or services. Calculation of turnover shall be PAN based i.e. all sale of goods/ services shall be taken for computing the limit of Rs. 2 Cr.
Companies Act 2013
The provisions for a company audit are contained in the Companies Act, 2013. Every company, irrespective of its nature of business or turnover, must have its annual accounts audited each financial year.
Bombay Trust Act
As per provision of Bombay Turst Act Every trustee of a public trust shall keep regular accounts of all the receipts, movable and immovable properties and of all encumbrances created and all payments and alienations made. The accounts are required to be audited within six months from the last date of the accounting period and The Auditor will forward the audited accounts along with the audit report to the trustees who in turn will forward the same to the office of CC.
Co-Operative Soc. Act
As Per Section 17 of the Co-operative Society Act, 1912; The Registrar shall audit or cause to be audited by some person authorized by him by general or special order in writing on his behalf, the accounts of every registered society once at least every year. The Audit under sub-section (1) shall include an examination of overdue debts, if any, and a valuation of the assets and liabilities of the society.
Internal auditing is an independent, objective assurance and consulting activity designed to add value to 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
Concurrent audit is a systematic and timely examination of financial transactions on a regular basis to ensure accuracy, authenticity, compliance with procedures and guidelines. The emphasis under concurrent audit is not on test checking but on substantial checking of transactions.
Stock audit or inventory audit is a term that refers to physical verification of a company or institution’s inventory assets.
key reasons why an institution needs to perform a stock audit:-
There is a risk of revenue leaking away in any business, regardless of size, sector or activity. This often happens unnoticed, which has important implications for the profitability of your business. Our firm carefully through comprehensive audit identify those leakage and specify control and monotoring prevent money from continuing to leak in the future
The audit of systems involves the review and evaluation of controls and computer systems, as well as their use, efficiency and security in the company, which processes the information.
Pre-audit is an upfront auditing procedure and the examination of documents supporting a transaction or series of transactions before these are paid for and recorded.
- Net Worth Certificate
- Plant and Machinery Certificate
- Interest Subsidy Certificate
- VISA Certification
- Compliance Certificate
- KYC Certification
- Due Diligence Certificate
- Post Disbursement Attestation
- Turnover Certificate
- Certificate Under Income Tax Act & GST Act and other Statute
EMPANELMENT
Our Firm is Empanelmed with
- Comptroller & Auditor General of India
- Registrar Of Co-Operative Societies
- Official Liquidator Gujarat
- Bank of Baroda Ltd.
- Bank of India Ltd.
- Central Bank of India Ltd.
- The Sarawat Co Op Bank Ltd.
- The Surat Peoples Co Op Bank Ltd.
- The Varachha Co Op Bank Ltd.
