Statutory Audits

We carry out statutory audit of Indian Companies in compliance with the Indian Corporate laws.

Industry wise we have an expertise in Textiles, Yarns, Garments, Educational Institutions, Plastics, Transportation, Food Processing Units, Industrial Product Manufacturers, Media, Publications, IT/ITeS, Builders & Engineers, Non Banking Finance Companies, Trading Companies, Merchant Exporters, Manufacturing, Service Industry etc. We have always been positive about taking up new challenges and trying out new ventures and striving to prove ourselves.

We view the audit process as a vehicle for continuous improvement. It adds credibility to your financial information and also gives you the added value of experienced observations and advice. By carefully examining your most recent results, a quality audit reveals information that can help in the future. In fact, it can be a wellspring of ideas for improving your decision-making, reducing waste, tightening controls, shortening payment cycles and spotting trouble before it occurs.

A good audit can also help you communicate better. When dealing with banks, investors or partners in joint ventures, it's essential that your company's information be understandable, consistent, credible and complete. The more open and organized you are, the better your chances for obtaining financing.

We are 100% committed to the Excellence of Financial Reporting.

Currently we are handling Statutory Audit under Companies Act, 1956 of around 6 Corporates.

Tax Audits

We also carry out tax auditing as required under Income Tax Act, 1961 to ensure the income-tax returns are submitted to the Revenue authorities in accordance with the income-tax regulations.

We also undertake study & reporting of International Transactions and provide Transfer Pricing Audit Report, Transfer Pricing Documentation etc.,

We also perform Tax Audit under Karnataka Value Added Tax Act, 2003.

Internal and Management Audits

We also perform internal auditing to ensure and to review the internal control systems of the organizations.

Internal control over financial reporting has always been a major area in the governance of an organization, and this importance has been magnified in recent years.

We conduct Internal Audit by using a systematic methodology for analyzing business processes, procedures and activities with the goal of highlighting organizational problems and recommending solutions. The scope of internal auditing within an organization is broad and may involve topics such as the efficacy of operations, the reliability of financial reporting, deterring and investigating fraud, safeguarding assets, and compliance with laws and regulations. Internal auditing frequently involves measuring compliance with the entity's policies and procedures. It also involves verification of statutory compliances like

• Whether Tax has been deducted at source (wherever applicable), if so, whether correct rate has been applied.
• Whether P.F, P.T, E.S.I has been deducted at appropriate rates and remitted within the time.
• Whether monthly, quarterly, half yearly and annual returns under various laws has been filed in time.
• Whether accounting standards pronounced by ICAI has been followed as per the intent.

We provide assistance over preparation of entity's policies and procedures, complying with Accounting Standards and other regulatory compliances.

Internal Audit is basically a tool in the hands of the management of the company to analyze and understand about the performance of the company on periodic basis and to ensure adequate and corrective measures are implemented to achieve the Goals and Objectives.

Internal Audit System is also required to be in place for specified organisations in compliance with certain statutory provisions.

Currently we are handling audit of 2 corporates.