We assist clients with Statutory Audit under the Companies Act, Banking Regulation Act, Bombay Public Trust Act, Societies Registration Act and the Co-op Societies Act. We undertake these audit assuring compliances with all legal formalities.
We assist clients with Tax Audit under the purview of Section 44 AB of Income Tax Act, 1961 of Proprietor, Partnership Firms, AOP’s, Private and Public Limited Companies and Nationalized and Co-operative Banks.
GST Audit is a part of annual return process and it is very important for business entities to avoid losses of credits, to avoid interest/penalties, etc. Audit under GST is the examination of records and verifying the correctness of information declared in returns filed periodically.
We assist Nationalised and Co-operative banks with Statutory Audits, Concurrent Audits, Revenue Audits, Income & Expenditure Audits, ISA Audits, Stock Audits.
We assist clients with internal audit functions, providing comprehensive, year-round audit procedure, which goes well beyond the routine transactions, testing the effectiveness of the internal control environment and risk management, process improvement and cost control tactics.
We assist clients in establishing and complying with the Information System Auditing Standards. We establish controls whether managerial, organizational, operational or application in IT environments.
Service Tax & Excise Audit
We assist client in handling departmental Service Tax and Excise Audit. A balanced, fair & rational approach is undertaken while detecting the noncompliance’s and procedural irregularities during the Audit. Similarly the client is guided in correcting the procedures laid down with utmost courtesy.
We conduct detailed & scientific audit of various Co-operative Societies as per the Cooperative Societies Act, 1912. The major area of focus being examination of overdue receivables, adherence to bylaws, expense audit, etc.
We conduct detailed & scientific audits of various Co-operatives as per the Cooperative Societies Act, 1912 Our Cooperative audits focus is on:
Following are the main aspects undertaken at Concurrent Audit:
Stock Audit and physical verification of assets
We provide Stock Audit Services to business entities helping them to arrive at the actual stock of goods available at the given point of time. We also help business entities in physical verification of assets and asset tagging services. We follow a strict audit and reporting mechanism that ensures correct findings are reported to the levels concerned.
Management audit are primarily conducted in order to provide the client’s management team with a clear, comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvements. We strongly believe in Management Audits being a value addition exercise rather than a mere compliance exercise. Our Management audits focus on: