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Audit Services Chartered Accountants enjoy a statutory monopoly in audit of financial statements under the Companies Act, 1956, Income Tax Act, 1961 and various other statutes in India. The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation. The firm conducts internal & management audits to place and inspect the various internal controls and checks, designed for smooth and efficient working of the clients business. The gamut of assignments taken by the firm includes Cost reduction, Deployment of scarce resource and Increase of profitability. The services offered by the firm serve as a guide to the clients to improve their business performance by making sound informed decisions. The firm carries out audit under the various statutes such as: • Companies Act, 1956. • Income Tax Act, 1961 (Tax Audit). • The Maharashtra Co-operative Societies Act, 1960. • Banking Regulation Act, 1949. • VAT Audit. This ensures the strict adherence to the various laws as well as the accounting and auditing standards. |
