Our Office
Mangalore, Kanhangad, Kannur
Email Us
isaqkp@yahoo.com, mcjacobca2@gmail.com , jir.knr@gmail.com
Call Us
+91-9448858476, 9847021267, 9446370969
 
     
   
 
 
     
   
 

Audit Services

Broadly, Audit involves the following :

  • 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.

Types of Audits conducted :

  • 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 Societies.
  • Information System Audit
  • Internal Audits.
  • 80HHC, 80I audit can be avoided
  • Alter branch audit of bank to statutory branch audit of private/public sector banks.
  • Avoid PF trust (other is ok)
  • Avoid I.S audit
  • Include Comptroller& Auditor General audit of government companies additionally
  • Avoid concurrent audit/ revenue/stock audit of banks
 
     
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