Audit & Assurances Services
1. Audit as per Companies Act 2013
Every companies registered under companies Act 2013 mandatorily has to appoint auditor for audit and certification of books of accounts for transactions carried each financial year. Audit of companies is compulsory under companies act 2013 irrespective of its turnover or transactions carried on. Every company has to present its audited financial statement at annual general meeting conducted each year and filing to Registrar of companies.
2. Tax Audit as per Income Tax Act
Business or profession are subject to tax audit u/s 44AB of the Income tax Act 1961 based on turnover achieved during the each financial year. Business or profession have threshold turnover or gross receipts and other parameters specified by the Income tax Act has to get the books of accounts audited and certified by the Chartered accountant.
3. Audit as per GST Act
Good and service tax Act 2017 mandates for filing of annual return under form 9C based on turnover achieved as per the threshold specified by the provisions of GST Act. Form 9C has to be certified by the chartered accountant based on audit of transactions in line with various provision of GST Act.
4. Independent Business Audit
Independent business audits are done in cases where management voluntarily appoints auditor to carry on audit procedure in order to certify the books of accounts to be presented for government or partners or investors or third party for the varied business requirements like mergers and acquisitions, Business takeovers, Business valuation and so on.
5. Due Diligence and Investigation
In cases of business mergers, acquisition, amalgamation, takeovers, valuation etc due diligence process will be undertaken in order to verify the legal compliances, governance and accountability of entity, Due Diligences report investigates and evaluates the business for its intended user. Due diligences may be for Financial, Legal, Tax, Operational, commercial and so on.
6. Forensic Accounting and Investigation
Today’s business world is highly exposed to technology which makes way for fraudulent activities which can be broadly classified as Asset Misappropriation, Corruption and financial statement fraud. Forensic accounting and investigation assist in unearthing the fraud or irregularities using accounting, auditing, investigation skills and collects evidences for legal proceedings.
7. Business Valuation Report ( S&F)
Business often undergoes mergers, acquisitions, takeovers, amalgamation or insolvency proceedings to bring in synergies for its diversification and expansion or for winding up process, Business valuation report plays a key role in arriving at correct value of its business in present market condition. Registered valuer is a qualified professional under IBBI carrying out the valuation as per rules and regulations specified by Companies Act 2013 and Insolvency and Bankruptcy Board of India. We assist in business valuation under Securities and financial assets category.