Audit & Assurance
A statutory audit is a legally required review of the correctness and accuracy of a company’s financial statements and related records.
Internal auditing is an objective assurance and consulting activity intended to add value and improve an organization’s business transactions.
Tax Audit involves an audit of financial records of a business in compliance with provisions of the Income-tax Act in India and providing disclosures in the prescribed formats.
Sock or inventory audit means physical verification of stock of a company or institution. There are many stock audits, depending on the purpose, and every stock audit requires a different approach. Every business organization at least needs to conduct a stock audit once a year to update and ensure that the physical stock count and the computed stock in the books match
This involves an audit of functions of operations management department of an organization for acquisitions and company mergers.
This is a two-step process which scrutinizes the data and information as provided in tax returns against the ones found in actual business records.
A forensic audit is a structured examination of the financial records of a business entity in an investigative manner to find out the evidence that can be used for legal proceedings in court.