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These services include conducting audits that are statutorily required in accordance with Indian regulatory
requirements as well as other audits depending on your requirements.
RANGE OF SERVICES
- Statutory Audit under Corporate laws
- Tax Audit under income Tax laws.
- Statutory Audit of Bank Branches under Banking Regulations
- Statutory Audit under under Societies & Trust Laws.
- GST Audits
- Government Audits
Bank Audit Services
- The Firm has two FCA’s each having more than 15 years of experience in audits.
- The Senior Partners have carried out stock audits, Concurrent Audits, Statutory
audits Large Branches of Various Public Sector Branches.
- Other partners have also had exposure in Stock Audits, Concurrent Audits etc.,
during their professional Journey.
- The Firm is empaneled with RBI for carrying out Statutory Audit of banks. The
Firm has successfully completed statutory audit for various branches of PSU Banks. The firm is also empaneled
with PSU bank for carrying out Stock and Credit Audit
- The Firm also carries out various assignments with Large Private Sector Banks.
Transfer Pricing
Indian tax laws require an annual assessment of whether
companies with overseas group entities meet the “arm’s length”
requirement in their transactions (sales, purchases, services being
provided, loans, management fee, royalty payments). Regulations
require both a detailed (TP) study by the company and a TP audit
report by an external auditor
- Annual transfer pricing studies, estimating the potential mark-up on goods and / or
services that an Indian company may receive/pay from/to its overseas group entities
- Transfer pricing audit report in the Form 3CEB as prescribed by the Income Tax
authorities
- Liaising with tax authorities in relation to assessment, scrutiny or dispute
- Tax planning and optimisation for domestic and overseas companies while also
factoring transfer pricing requirements, international tax, double tax avoidance, foreign exchange and
other direct / indirect tax requirements for Indian companies
- Review of existing policy / documentationwith a view to updating and
strengthening
policies
Audit Support Services
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Preparation of financial statements under the format prescribed under Companies’ Act 2013
including preparation of consolidated financial statements for the group. (Both AS and IND AS
complied)
- Acting as SPOC and interacting with Auditors in smooth closure of audit
- We can assist in yearly closure of books and audit of the same by performing
reconciliations as per Accounting Standards.
- Reconciliation of expense as per P&L with TDS returns,
- Reconciliation of revenue as per P&L with GST Returns,
- Payroll expense with monthly pay register,
- Sub Ledger /General ledger reconciliations,
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