Audit and Assurance Services

• KYC & Asset Audits of Financial Institutions - This is an evaluation of the risk levels of the Financial Assets of the Financial Institutions, including their assurance through KYC audits.

• PSL Audit – Priority Sector Lending (PSL) is a initiated by RBI that mandates banking and certain NBFCs to direct a specific portion of their lending towards priority sector such as agriculture, Micro and small enterprises and weaker sections.

PSL audit is conducted to ensure that banks and NBFCs comply with RBI guidelines on PSL targets and sub-targets, helping promote financial inclusion and economic development.

• Due Diligence Audit – It is an in-depth assessment of an processes, risk management, governance and technology infrastructure. It helps investors understand the risk exposure of an entity before investment.

• Inventory Audit - An Inventory Audit is a process of verifying and assessing the accuracy of a company's inventory records. It is crucial for deducting discrepancies, Preventing fraud and improving inventory management.

• Statutory Audit - It is mandatory required by every Company to get its Financial Statement Audited under Indian Companies Act..The Statutory auditor provides independent assurance to all stakeholders that Financial Statements are free from any misstatements, about the truth & fairness of the entity’s financial statements. The auditor examines the records produced before him, obtains evidence, evaluates the same, and formulates an opinion on the basis of his professional skepticism & judgment that is communicated through his audit report.

• Tax Audit - Tax Audit is an audit made compulsory by the Income Tax Act, 1961 if annual gross turnover/receipts of the assess exceed the specific limit. Tax audit is conducted under section 44AB of Income Tax Act, 1961 by a Chartered Accountant.

• Investigation Audit – The Investigation audit is carried out at the request of Management in a situation of fraud or misappropriation of funds in any organization.

• Internal Audit - An Internal Audit is a process that checks how well a company is managing risks, following rules, and running its operations. It helps organizations detect fraud, ensure compliance, and enhance operational efficiency.

• Certification under various Tax and Other Laws

• Other Audit as specified under any law.