Manoj Mohan & Associates

Sector 27, Noida, Uttar Pradesh

we provide reliable concurrent auditing services to the clients. The concept of concurrent audit has been introduced to reduce time gap between occurrences of transaction and is overview or checking. Concurrent auditing serves the purpose of effective internal control but concerned auditor has to follow some described guidelines of predefined standards. Generally, the concurrent audit is conducted in the branches of banks as the reserve bank of india and banks have put a great responsibility on chartered accountants by appointing them as concurrent auditor of branches. As per the circular issued by rbi dated july-2-2012, checking of guidelines for know your customer (kyc) norms, anti money laundering (aml) standards, combating of financing of terrorism (cft), obligation of banks under pmla, 2002, has become mandatory.other complimentary concurrent auditing services include issuance of aml certificate.

in india, statutory audit is equated with audit under the companies act, 2013. Every company incorporated whether the public or private under the companies act is required to get its account audited by a practicing charted accountant having the certificate of practicing. We have practicing chartered accountants dedicatedly involved for the purpose of providing accurate statutory auditing services. Its an examination of financial information to draw the opinion thereon that whether the statement of financial position is showing true and fair view or not.rnin other words, statutory auditing is a procedure to check whether the compliance of provisions and rules under enacted statute. A legally required review of the accuracy of an entity is called statutory audit. Basically, by conducting the statutory audit it is determined whether the financial statements of an entity are showing true & fair view or not. as it is a work of expertise and perfection which requires superior qualification along with experience and exposure in the field of compliance of provisions and rules that ought to fulfill the requirement of globalized standards of auditing and assurance. astatutoryaudit offers the following benefits :it enhances the trustworthiness of published financial statements.rnit ensures the management whether they have performed their statutory duties appropriately or not.rnit gives assurance to management that they have complied with non-statutory requirements, such as corporate governance requirements.rnit gives view on the efficiency & adequacy of internal controls in pursuance of standards on auditing by auditing and assurance standards board.

tax audit is mandatory to conduct as per income tax act, 1961 for those organizations whose turnover or gross receipts exceed the limit fixed by governing finance act. tax audit is an examination of information given in tax payees income tax return against with revenues highlighted in the books of business activities. Tax audit is normally concerned with the review of the taxpayer's return of income for the concerned year. Generally the last date of filing return of tax audit is 30th september. We have expertise in providing accurate tax auditing services to the clients at very affordable prices. Our experts have ample knowledge about the entire tax auditing details. Persons have to maintain a book as per prescribed manner. In case of noncompliance person will have to bear penalties given below :failure to maintain books or documents us 44aa : rs.25000rnfailure to get tax account audited us 44ab : rs.150000 or .5% of total turnoverfor the assessment year 2014-15 tax audit limit is as follows :activity : quantum of transactionrnturnover from business : 1 crorerngross receipts from profession : 25 lakhrn