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            AUDIT :- | 
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            Broadly, Audit involves the following : | 
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                - Indepth study of existing systems, procedures and controls for proper understanding.  Suggestions for improvement and strengthening.
 
                - Ensuring compliance with policies, procedures and statutes.
 
                - Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
 
                - Checking the genuineness of the expenses booked in accounts.
 
                - Reporting inefficiencies at any operational level.
 
                - Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence. 
 
                - Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
 
                - Issue of  Audit Reports under various laws.
 
             
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            Types of Audits conducted  | 
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                - Statutory Audit of Companies.
 
                - Tax Audit under Section 44AB of the Income Tax Act, 1961.
 
                - Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
 
                - Concurrent Audits.
 
                - Revenue Audit of Banks.
 
                - Branch Audits of Banks.
 
                - Audit of PF Trusts, Charitable Trusts, Schools, etc.
 
                - Audit of Co-operative Socities.
 
                - Information System Audit .
 
                - Internal Audits.
 
             
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