Types of Audits

Internal Audit

We review and evaluate the effectiveness of your organization’s internal controls. Based on the risk assessment, we evaluate the adequacy of existing internal controls and perform checks whether these are appropriately implemented. We stay in touch with you throughout the year, our internal auditors can ensure that you understand the project scope and noted control weaknesses are discussed with you regularly.

Issues We Solve

• 1. Operational Audits


• 2. Financial operations Audits


• 3. Risk assessment


• 4. Data mining


• 5. Human resources, benefit and payroll Audits


• 6. SOX compliance


• 7. Internal Audit department quality assurance reviews

Financial Audit

A financial audit is an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose for financial Audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete.

Investigative Audit/ Forensic Audit

This is an investigation of a specific area or individual when there is a suspicion of inappropriate or fraudulent activity. The intent is to locate and remedy control breaches, as well as to collect evidence in case charges are to be brought against someone.

Information Systems Audit/ Forensic Audit

This involves a review of the controls over software development, data processing, and access to computer systems. The intent is to spot any issues that could impair the ability of IT systems to provide accurate information to users, as well as to ensure that unauthorized parties do not have access to the data.

Tax Audit

This is an analysis of the tax returns submitted by an individual or business entity, to see if the tax information and any resulting income tax payment is valid. These Audits are usually targeted at returns that result in excessively low tax payments, to see if an additional assessment can be made.

GST Audit

Audit under GST involves examination of records, returns and other documents maintained by a GST registered person. It also ensures correctness of turnover declared, taxes paid, refund claimed, input tax credit availed and assess other such compliances under GST Act to be checked by an authorised expert.

GST is a trust-based taxation regime wherein a taxpayer is required to self-assess his tax liability, pay taxes and file returns. Thus, to ensure whether the taxpayer has correctly self -assessed his tax liability a robust audit mechanism is a must. Various measures are taken by the government for proper implementation of GST and audit is one amongst them.

PLEASE NOTE: From FY 2020-21 onwards, the compulsory GST audit requirement by a CA/CMA for taxpayers with a turnover exceeding Rs.2 crore stands removed. The Form GSTR-9C is to now be self-certified and submitted by taxpayers with a turnover of more than Rs.5 crore from FY 2020-21 onwards.