AUDITING AND ASSURANCE SERVICES
Auditing is an in-depth study of the existing systems, procedures and controls for proper understanding of the business. It helps in Ensuring compliance with policies, procedures and statutes. Audit covers Checking the genuineness of the expenses booked in accounts, Reporting inefficiencies at any operational level, Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence, Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS, Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
Types of Audit
- Statutory audit
- Internal audit
- Tax audits
- Internal Audits
- Audit of PF Trusts, Charitable Trusts, Schools, Co-operative Societies, etc.
- Internal Financial Control (IFC) over financial reporting Audit
- Bank Concurrent and Income & Expenditure audit
- Revenue Audits
- Bank Statutory audit
- Stock audit
- Third Party Audits
- Income Leakage Audits
- Due diligence
- Certification work
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