|
|
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.
|
|
|
|
|