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Auditing and Assurance

Assurance services are an independent review of certain deals, documents or transactions that can prove its reliability, correctness, and validity. We provide our clients with a clear picture of the financial risks and how those risks can be mitigated. The process involves an independent examination to help the client make an informed decision. The focus of our assurance services is to help our clients achieve their desired business goals with transactions that support and boost their business.

Statutory Audit

A statutory audit is a legally required review of the accuracy of a company's or government's financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.

Sen and Ray's experienced senior partners, associates and trained articles effectively conduct the statutory audit procedures. The whole team is acquainted with the latest developments in the compliance landscape and helps clients stay ahead in the loop. Our Statutory audit team has expertise in global accounting and accounting standards for conducting a fair and correct audit for stake holders.

Management Audit

Sen & Ray is experienced in Management Audit, which is performed mainly to provide the managers with a thorough review of the organizational performance and effectiveness and to identify the potential areas for improvement. We also provide various management services such as management consultancy including business plans and strategies.

Tax Audit

As per the Income Tax Act 1961, certain businesses or individuals have to get their books of accounts audited. Its main purpose is to ensure that you and your business abide by the compliances that govern the businesses. Throughout the form of the tax audit, the tax auditors provide a view on the responsibility and validity of some factual information provided to the indirect tax authorities by the assessor for further tax evaluation litigation. During filing the income tax return, relevant facts and data from the report is compulsory to include in the tax return.
Our Tax Audit team provides high quality tax services based on the comprehensive regulatory requirements of the Act.

GST Audit

Audit under GST includes examination of records, previously filed returns and various other documents by a GST Auditor. It also seeks to verify if the turnover is correctly declared, taxes paid, input tax credit availed and other compliances under the GST Act.
We verify if the financial statements are made according to the books of accounts maintained at the principal place of business. We also file the annual returns applicable to your business. We certify the accuracy of the information provided to us.

Concurrent Audit

Concurrent Audit is a systematic evaluation of financial or banking transactions on a regular basis to ensure accurate and authentic internal control mechanism and simultaneously identify the areas of improvement to enhance efficiency.
Concurrent Audit is considered as a part of bank's early warning sign to ensure timely detection of the errors and irregularities, which also helps to detect frauds.

Internal Audit

Internal audits evaluate a company's internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
Sen and Ray's Internal Audit team is specifically designed to cater to individual clients. We believe in providing the best service standard to our clients by upholding the highest level of professional competence and integrity.

 
     
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