Trust built, risks mitigated.
Statutory Audit
Cutting Edge Assurance
Stakeholder Audits
Statutory Audit
A statutory audit is an examination of a company's or organization's statements and records to ensure compliance as mandated by relevant laws and regulations.
Broad Capabilities
Statutory Audit under Companies Act, 2013
The Companies Act, 2013 requires all companies in India to undergo a statutory audit to ensure that financial statements present a true and fair view of the company's financial position and performance.
Statutory Audit under Income-tax Act, 1961
Tax audit under the Income-tax Act, 1961 is mandatory for businesses, charitable organisations and professionals whose turnover exceeds a determined threshold.
Other Statutory Audits
In addition the Regulators, Controllers, Financial institutions may require audits to be conducted on the basis of specific objectives and frameworks.
CAG Taskings
These audits examine financial statements, transactions, and compliance with laws and regulations, as well as specific aspects of government programs and activities. Performance Audits, on the other hand, evaluate the efficiency, effectiveness, and economy of government programs and activities, providing insights for improvement.
Stakeholder Audits
Cutting Edge Assurance
Stakeholder Audits
Stakeholder Audits
Stakeholder audits are examinations conducted to provide assurance to stakeholders, including management, investors, and regulatory bodies, on various aspects of an organization's operations.
Broad Capabilities
- Management Audit: An examination of an organization's management processes and systems to assess their effectiveness and efficiency.
- Internal Audit: An independent examination of an organization's internal controls, risk management, and governance processes to ensure they are operating effectively.
- Concurrent Audit: An audit conducted simultaneously with the transaction or process being audited, providing real-time assurance on the organization's operations.
- Due Diligence Audit: An examination of an organization's financial, operational, and legal aspects to assess its viability and potential risks, typically conducted during mergers and acquisitions.
-. Operations Audit: An examination of an organization's operational processes and systems to assess their efficiency, effectiveness, and compliance with regulatory requirements.
Cutting Edge Assurance
Cutting Edge Assurance
Cutting Edge Assurance
Other Service Solutions
NOCLAR Reporting
- NOCLAR stands for Non-Compliance with Laws and Regulations. It refers to the auditor's responsibility to report on instances of non-compliance with laws and regulations that come to their attention during the audit.
Review of Financial Statements( including Listed Entities)
- : A review of interim financial statements is a limited assurance engagement where the auditor examines the financial statements to determine whether they are plausible and comply with applicable accounting standards.
Other Related Service Engagements
- Investigation: A special audit or investigation may be conducted to examine specific transactions, events, or allegations of wrongdoing.
- Forensic Audit: A forensic audit is a specialized audit that uses accounting, auditing, and investigative skills to help uncover fraud, embezzlement, or other financial crimes.
- Enquiries: Enquiries may be conducted to gather information or clarify specific matters, such as the company's financial position, results of operations, or compliance with laws and regulations
Environmental and Social Governance (ESG) Audit: Conducting audits to evaluate an organization's ESG performance.