Auditing and Assurance

SP Kapoor > Auditing and Assurance

 

 

Statutory Audit

Our audit approach, at the leading edge of best practice, is tailored to suit the size and nature of organization and draws upon your extensive industry knowledge. Our deep understanding of regulation and legislation means we can also help with complex reporting issues involving IND AS, IAS and International Financial Reporting Standards (IFRS).

Our Audit Expertise Includes In The Field Of:

  • Automobiles Industry.
  • Real Estate Company.
  • Contractors Company.
  • Non Banking Finance Company.
  • Retail Petrol Outlets.
  • Oil and Gas Industry
  • Banking Industry.
  • Liaison offices.
  • Manufacturing Exports.
  • Goods Transport.
  • Individuals- Professionals
  • Garments Industry
  • Fashion Designing Industry.
  • Multi National Companies

Tax Audit

Every Assessee Is Required To Get His Accounts Audited By Chartered Accountant:

  • If he is carrying on business and the total sales, turnover or gross receipts in the previous year exceed one crore rupees.
  • If he is carrying on a profession and the total sales, turnover or gross receipts in the previous year exceed twenty five lakh rupees (wef 1stApril 2012).

Internal Audit

As corporate internal auditor in India , we provide value added services to clients in all sphere of organisation. Internal systems, Internal control, Internal rules & regulations are checked to verify efficiency in system and measures to prevent inefficiency are suggested.

We Help You In The Following Areas:

  • Appraise the controls designed into the system against control objectives.
  • Identify the system parameters.
  • Reconciliation problem resolution.
  • Ensure compliance with statutory requirements.
  • Give an opinion based on audit objectives as to whether the system provides an adequate basis for effective control and whether it is properly operated in practice
  • Ensure adherence to management policies and directives in order to achieve efficiently and economically the organisation’s objectives.
  • Establishing an Internal Audit Function.
  • Internal audit outsourcing.
  • Determine the control objectives.
  • Review and Assessment of Corporate Governance .
  • Secure the relevance, reliability and integrity of information, so ensuring as far as possible the completeness and accuracy of records.
  • Strategic review of internal audit departments.
  • Technical advice.
  • Test the actual controls for effectiveness against control objectives.
  • Test the operation of controls in practice.

Stock Audit and Fixed Asset Verification:

Normally every company physically verifies its fixed assets and stock in trade once in a year through an independent agency. We as a Chartered Accountant have an experience of more than twenty years for conducting such type of audits for big companies.

We Provide The Following Services:

  • Our team of professionals offer physical verification by observing, listing and evaluating the assets belonging to the company such as cash in hand, stocks and shares, fixed assets, inventory and many more.
  • Report Preparation of physical verification of assets and reconciliation between physical count and book count
  • Compute the differences and indentify the reasons.
  • To prepare physical verification report (asset wise) and detailed, Observations and Recommendations.