Auditing Services
Statutory Audit
Statutory audits are conducted to comply with the statutory requirements under the Companies Act, 2013, or other relevant laws. These audits are essential for providing assurance on the accuracy and fairness of the financial statements, ensuring that they reflect a true and fair view of the company's financial position.
- Applicable Sections: Sections 139 to 148 of the Companies Act, 2013.
Internal Audit
Internal audits are guided by the International Standards for the Professional Practice of Internal Auditing as set out by the Institute of Internal Auditors (IIA). These audits aim to improve organizational governance, risk management, and internal controls, providing an independent assessment of the effectiveness of these processes.
- Applicable Sections: No specific sections under the Companies Act apply, but practices ensure compliance with various regulatory requirements.
Special Audit
Special audits are conducted based on specific concerns or requests, typically involving investigations into fraud, irregularities, or stakeholder inquiries. These audits are tailored to address the particular needs of the situation, providing targeted insights and recommendations.
- Applicable Sections: No specific sections apply, but auditors may refer to relevant legal provisions based on the nature of the audit.
Systems Audit
Systems audits follow the Information Systems Audit (ISA) standards issued by the Institute of Chartered Accountants of India (ICAI) or equivalent international standards. These audits evaluate the efficiency and security of information systems, ensuring that they meet organizational goals and comply with data protection regulations.
- Applicable Sections: No specific sections under the Companies Act, but relevant to ensure compliance with data protection laws and regulations.
Stock Audit
Stock audits involve the verification of inventory records and practices to ensure compliance with accounting standards and internal controls. These audits are crucial for accurate financial reporting and maintaining the integrity of inventory management systems.
- Applicable Sections: Section 147 of the Companies Act, 2013 regarding the auditor's rights and duties.
Agreed Upon Procedures
These engagements involve performing specific procedures agreed upon by the auditor and the client. They are designed to address particular areas of interest or concern and provide assurance on those aspects as per the agreed terms.
- Applicable Sections: No specific statutory sections apply, but the procedures are tailored to address specific concerns or areas of interest.
Certification Services
Our certification services ensure that organizations meet the compliance requirements of various laws and regulations. We provide certification related to tax laws, foreign exchange regulations, and industry-specific standards, facilitating legal and regulatory compliance.
- Applicable Sections: Vary based on the specific certification requirement and corresponding legal or regulatory framework.