Overview
The Firm provides a comprehensive range of Audit & Assurance Services that include Statutory Audit, Management & Special Audit, Advisory & Implementation services for US GAAP/ IFRS, foreign reporting, etc.
Indian Corporate and Tax Regulations increasingly stress on self compliance extending into the specificarea of Audits (which supplement the need for Statutory Audit mandated by the Indian Corporate Law.)
Apart from providing Audit services mandated by Law, the Group also contributes value-added inputs to Management and Stakeholders through Management and Internal Audit which translate in the improvement of internal controls. The Practice also supports development of Standard Operating Procedures.
The Audit & Assurance Group also assists global companies in complying with their Foreign Reporting requirements.
The objective such audit is to critically review the operations at various levels of the management to ensure flawless process and effective control.
The various audits under Income Tax Act are:
- Tax Audit
- Audits in respect of Trusts and Charitable Institutions
This consists of opinions on accounting and auditing matters in respect of applicability and interpretation of accounting standards issued by ICAI/ notified by Central Government and in relation to auditing standards and requirement of corporate laws in connection with statutory audit.
Conversion of financial statements prepared under Indian GAAP to IFRS for the purpose of reporting overseas to parent company and/ or foreign investors. Conversion of financial statements prepared under Indian GAAP to Ind-AS
Internal Audit is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization. It is an independent, objectives assurance and consulting activity designed to add value and improve an organization’s operations. It helps organization to accomplish objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and government process.
