Auditing Services #2892173

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 :rnrnIt 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.rn

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 :rnrnFailure to maintain books or documents u/s 44AA : Rs.25000rnFailure to get Tax Account Audited u/s 44AB : Rs.150000 or .5% of Total TurnoverrnrnFor The Assessment Year 2014-15 Tax Audit Limit Is As Follows :rnrnActivity : Quantum of TransactionrnTurnover from Business : 1 CrorernGross Receipts from Profession : 25 Lakhrn

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

Stock Auditing in its general usage in the auditing scenario refers to the physical verification of the inventory. However, at times Stock audit may also include valuation of the inventory. This would depend on the terms of reference or the engagement letter of the assignment. These goods are normally stored in the godowns, which are generally located near the factory. Audit is an independent check on the functions of the management, which has some value in the eyes of law and the taxation authority.We provide accurate and trustworthy Stock Auditing services to the clients. Audit refers to thorough check of the entire system so that it facilitates prevention and early detection of frauds. Stock Audit is one of the most important aspects of the overall exercise of audit of any organization. In stock audit, auditor ensures himself about the quantity, quality, composition and actual value of the stock & the debtors.Our Stock Auditing procedure covers examination of aspects such as reasonableness of the valuation of the security, routing of sale proceeds of hypothecated stocks largely through the borrowers account, maintenance of the prescribed margins, accuracy of the stock statements, reasonableness of the composition and age of hypothecated stock and the insurance, quality and age of the receivables, etc. It is meant for the companies who are engaging in the process of manufacturing or the entities which indulge in the departmental-retailer business.The Stock Audit Means AssetsWhichAreHeldFor : rnrnSaleintheordinarycourseofbusinessrnIntheprocessofproductionforsuchsale;orrnIntheformofmaterialorsuppliestobeconsumedinthe production of goods orrnServices for sale (As per Accounting Standard 2)rn

stock auditing in its general usage in the auditing scenario refers to the physical verification of the inventory. However, at times stock audit may also include valuation of the inventory. This would depend on the terms of reference or the engagement letter of the assignment. These goods are normally stored in the godowns, which are generally located near the factory. Audit is an independent check on the functions of the management, which has some value in the eyes of law and the taxation authority.we provide accurate and trustworthy stock auditing services to the clients. Audit refers to thorough check of the entire system so that it facilitates prevention and early detection of frauds. Stock audit is one of the most important aspects of the overall exercise of audit of any organization. In stock audit, auditor ensures himself about the quantity, quality, composition and actual value of the stock & the debtors.our stock auditing procedure covers examination of aspects such as reasonableness of the valuation of the security, routing of sale proceeds of hypothecated stocks largely through the borrowers account, maintenance of the prescribed margins, accuracy of the stock statements, reasonableness of the composition and age of hypothecated stock and the insurance, quality and age of the receivables, etc. It is meant for the companies who are engaging in the process of manufacturing or the entities which indulge in the departmental-retailer business.the stock audit means assetswhichareheldfor : saleintheordinarycourseofbusinessrnintheprocessofproductionforsuchsale;orrnintheformofmaterialorsuppliestobeconsumedinthe production of goods orrnservices for sale (as per accounting standard 2)