An audit is the examination of the financial report of an organization - as presented in the annual report - by someone independent of that Organization. It is the most extensive service and is an essential tool for the quantitative assessment of any organization or business. The objective of an audit is the expression of an opinion, whether your financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles.
The process of obtaining comprehensive understanding of the client’s business, accounting system and internal controls enable us to focus on key areas besides doing the normal audit. This process also depends upon respective client requirements. Post audits, we provide them with inputs to attain and sustain greater degree of control, efficiency and effectiveness in various business functions.
Our gamut of Auditing & Assurance Services includes :
- Statutory Audits
- Tax Audits
- Internal & Management Audit Fraud Investigation & Dispute Services/Special Audit
- Information System Audit
- Stock Audit / Fixed Assets Audit
- Due Diligence
In a developing economy regulations governing principles, regulations, and disclosures requirements are increasing, moreover the cultures in which organizations operate are very dynamic & different. A Statutory Audit of the financial statements requires an auditor to provide reasonable assurance that the financials have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and that they are free from misstatements and errors. We use a combination of tailor made systems and controls to obtain financial efficiency, accuracy and stability
Tax Audit is required under the provisions of Income-tax Act, 1961. It involves an expression of tax auditors’ on the certain specific points issued by Central Board of Direct Taxes (CBDT) under specific Form 3CD. Our dedicated team of professionals conducts the tax audit keeping in mind the latest judicial pronouncements, amendments, circulars, notifications and tax accounting standards notified by the CBDT.
Internal & Management Audit
Our Internal Audit Methodology is risk-based, we make tailored approach to an organization’s specific requirements. It is intended to provide our clients with specific, detailed guidance through every phase of planning, execution, reporting, as well as carry out the primary responsibilities of today’s Internal Audit function. The focal point is to ensure strong internal & managerial control systems to minimize the risk of accidental or deliberate errors and omissions. Apart from safeguarding of valuable assets, sufficient division of authority over key control areas and stringent compliance with the internal operating policies and corporate governance are implemented.
Fraud Investigation & Dispute Services
This is done only in case of specific requirement of the organization where some financial fraud / dispute takes place and needs to be investigated. These services are tailored to meet individual needs and provide effective support to management in meeting the challenges.
Stock Audit / Fixed Assets
Organizations need to verify their stocks/ Fixed Assets or the lender needs to verify its borrowers repaying capacity. We undertake Stock / Fixed Assets audit to enable companies to assure the value of the stock/ Fixed Assets.
In business, a due diligence audit is basically a careful investigation into the complete representation of a company. Generally, these audits come before an acquisition , merger or other major decision that could negatively influence the finances of one or more businesses. These audits are generally used to ensure that no hidden liabilities exist.
In general, a due diligence audit focuses on the information which are not freely available, while it is generally expected for a purchasing company to perform these investigations, they are often done discreetly. The hire of private investigators is not uncommon, and seldom are the companies that are being investigated aware of the specific focuses of investigation.
Due Diligence may involve financial, legal, corporate, taxation and other laws.
Starting a business involves consideration of various factors such as what type of organization structure to be set up, how & where to set-up, what registrations & approval required, what all activities to be undertaken post set -up etc. Since it is an important step towards realizing your dreams and therefore it is necessary to plan and execute it rightly.
Setting up a business in India has been liberalised over the years, still it requires company formation, approvals, legal compliances and registration with various authorities. We provide our clients Business Setup Solution based on “turnkey” methodology which takes care of approvals, legal compliances, registrations with authorities etc, to provide a ready to operate business setup in shortest possible time frame.
Our services not only include business set up services but also post incorporation services relating to Company Law, Reserve Bank of India , registrations with various central and state authorities Export & Import License VAT, Service Tax. Excise , Professional Tax , Shop & Establishment and Income Tax .
The following types of Business entities are available in India :
- Private Limited Company
- Public Limited Company
- Limited Liability Partnership (LLP)
- Sole Proprietorship
Within the above framework of constitution of an entity ,the foreign investor or foreign company intends to do business in India can have following setup:
- Wholly owned Subsidiary Company
- Branch Office
- Liaison Office
- Project Office
- Joint Venture Company
We specialize in all type of direct and indirect taxation matters for corporate, individuals, and expatriates in India. Our specialized team provides assistance in compliance under various tax laws and representation before tax authorities. We offer the most reliable Taxation Services at the most competitive price.
Our Taxation vertical provides expert services in the domestic taxation (both Direct & Indirect) and the International Taxation. We follow the best business practices and provide tax efficient solutions to our clients.
Direct Tax – Domestic
- Direct Tax Planning & Advisory
- Representation for Assessments & Appeals Representation for Lower Deduction of TDS
- Statutory Compliances under Income Tax Act, Employee Tax Management and Salary Structure Designing Services
Direct Tax – International
- International Tax Planning & Advisory
- DTAA advise on cross border investment and transaction
- International Transfer Pricing
- Expatriate Tax Advisory & Compliance Services
- Statutory Compliances
Indirect Tax – (Service Tax & VAT)
- Advisory Services
- Representation & Litigation Support
- Statutory Compliances
The service involves preparing and maintaining accounts on suitable periodical basis as per requirement of the clients. The books of accounts are prepared viewing the international or Indian accounting standards and can also be made as per specific business requirements of the clients. We apply a significant amount of our time to learn client business, to understand how precisely we can be of help to them. This includes the writing up of accounts and the preparation of financial statements. Our work encompasses a wide area ranging from simple Book Keeping to complex financial analysis.
Outsourcing Accounting Function has proven to be a very productive strategy for businesses all around the world. In India, with our expert Accounting Outsourcing Solutions, we are involved in serving numerous industries facing intense finance and accounting challenges. We have enormous experience in providing Accounting Bookkeeping Services, which is directly evident in the quality we deliver. Our emphasis lies on tight focus, Commitment and accountability, which is the reason why our list of client has grown at a faster pace year by year.
We offer weekly, Bi-weekly, monthly, quarterly or yearly Accounting and bookkeeping including reporting services.
- Accounts Receivable
- Accounts Payable
- Cash Flow Analysis
- Bank Reconciliation
- Credit Card Reconciliation
- General Ledger Reconciliation
- Other Customized MIS
In India, there are several labour laws which are applicable on a business houses operating in India. Labour laws are there to ensure a high degree of protection for workers in organised as well as in unorganised sectors.
We can divide labour laws in two sections, one which needs to be followed and others which require registration and regular compliances.
Laws which do not require registration but needs to be followed:
- The payment of Wages Act 1936
- The Minimum Wages Act, 1948
- The Payment of Gratuity Act 1972
- The Payment of Bonus Act 1965
Laws which require registration and regular compliances:
- The Employees Provident Funds & Misc Provisions Act, 1952
- Employees State Insurance Act, 1948
- Factories Act, 1948
- Shop & Establishment Act
We have team of ex-bankers who are experts in arranging finances in different formats as per the requirement of the business. We assist our clients in raising funds for their needs of business expansion. The Loans vary from simple Home Loans, Loan Against Property to SME Loans and Project Loans.
Below are the types of finances which are available :
- Home Loan
- Loan Against Property (LAP)
- Overdraft Limit (OD)
- Project Finance
- Business Loan