Statutory Audit under Companies Act, 2013
It is mandatory for all companies to have a statutory audit under the Companies Act, 2013. Under this statue, the auditors are expected to give their true and fair view on the profit and loss account for the year and Balance sheet on a particular date. The same is of utmost important in order to safeguard the interest of the investors. Our associate CA firm undertakes these audits and gives necessary certifications as required by the statue.
Tax Audit and Transfer Pricing certificate under the Income Tax Act, 1961
It is mandatory for tax assessees to undertake tax audit after crossing statutory turnover limit as defined under the Income Tax Act, 1961. The focus of the audit is to comment on the compliance under various provision of the Income Tax Act, 1961 applicable to the business entity.
Further the provisions of the Income Tax Act, 1961 also requires certification from Chartered Accountant for transaction entered by the companies with its overeas entities.
Our associate CA firm undertakes these audits and certification.
Certain classes of companies / projects are subjected to Cost Audit under the Companies Act. The focus of the cost audit is to arrive at the cost of the production, capacity utilization, auditors view on efficiency of the companies. The cost audit is important tool for the industry for efficiency management and government to have check & control on the prices.
Our associate Cost firm undertakes these audits and other compliances pertaining to Cost Certifications.