Audit & Assurance

Audit & Assurance

facilites

Statutory Audit

A statutory audit is a legally required review of the accuracy of a company's or government's financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.
An audit is an examination of records held by an organization, business, government entity, or individual. This generally involves the analysis of various financial records or other areas. During a financial audit, an organization’s records regarding income or profit, investment returns, expenses, and other items may be included as part of the audit process. Several of these items are also used when calculating a combined ratio.

Tax Audit

A Tax Audit is an audit, made compulsory by the Income Tax Act, if the annual gross turnover/receipts of the assesse exceed the specified limit. Tax audit is conducted in Sec 44AB of the Income Tax Act,1961 by a Chartered Accountant.
We advises companies on various issues related to complicated tax regulations that can have financial implications for the companies. The main objective is to minimize any tax burden for the company allowing them to experience a greater control of their financial position and performance as a stakeholder.

One-Person-Company
LLP

Stock Audit

Stock audit or inventory audit is a term that refers to physical verification of a company or institution’s inventory assets. Every business organization needs to perform an audit once a year to update and ensure that the physical stock and the computed stock match.
A stock audit report is used to document the details or information about the existing stocks of the business that has been gathered during a stock audit. Annual audit reports provide important details that are used by businesses in their financial statements.

System Audit

System audit is defined as a systematic and independent examination to determine whether activities and related results comply with planned arrangements and whether these arrangements are implemented effectively and are suitable to achieve objectives.
System audit is also defined as a systematic, independent and documented process for obtaining audit evidence and evaluating it objectively to determine the extent to which audit criteria are fulfilled.

One-Person-Company
facilites

Internal Audit

Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
Thus, the role of internal audit is to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively.

OUR VISION AND VALUES

We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

Industries we have worked for

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Nagpal-&-Nagpal-Chartered-accountant
Nagpal & Nagpal
Nagpal & Nagpal
Nagpal & Nagpal

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