+91 88029 82233

400/12, Jacubpura road near Dr. Verma Clinic, Gurgaon

info@cajsassociates.com

Audit Services

Audit Services

Audit is a proven way to establish the credibility of a company and build its reputation. It is an assessment of the financial report of an organization by an independent source. Businesses that successfully address the auditing needs of their company improve their financial reporting and stand to gain better capital resources.

Financial Statement Audits

We provide a dependable audit service by bringing together the right team to address the most complex accounting issues. We deploy a proven methodology and use qualitative perspectives. We give you the benefit of our deep financial knowledge and the latest insights from our work. Our audit process also includes identification of business improvements and efficiencies, so an audit provided by APRA can bring numerous benefits to you.

Compliance & Regulatory Audits

Section 224 of the Companies Act, 1956 imposes an obligation on all the companies registered under the Companies Act, 1956 to have its financial statements audited by an eligible firm of Chartered Accountants. Our team has the expertise to guide you through the challenges and assist to ensure:

  • Regulatory compliance with financial and non-financial reporting requirements
  • Compliance that is consistent with your commercial objectives

Internal Audit and Control

We also undertake internal audit assignments to ascertain whether the company is in compliance with the provisions under the Income Tax Act, Companies Act and any other statutes applicable to it. The scope of our Internal Audit usually includes, but not limited to, the following areas

  • Review of internal control system and procedure
  • Stock Audit, Purchase Audit, and Sales Audit
  • Inter-branch office reconciliation
  • Cash/bank receipts and payment audit
  • Salary and wages audit
  • Compliance of various segments with the policies, plans and procedures of the enterprise

Tax audits

Section 44AB of the Income Tax Act imposes an obligation on the corporate/ firms/ individuals, having prescribed annual turnover to appoint an auditor for conducting a tax audit. Our audit department does the tax audit of corporate/ firms/ individuals and issues a report, required to be attached along with the tax return.

Bank Audits

Under the RBI panel of statutory auditors for bank audits, APRA falls under category A of Chartered Accountant firms. For the past three years we've been associated with leading nationalized banks as statutory branch auditors. Apart than this we also carry out concurrent audit for nationalized banks.

Special Audit

Special audits are needed when it is suspected that laws or regulations have been violated in the financial management of an organization. In conjunction with investigating violations, audits can be carried out pertaining to duties, authorizations, responsibilities and internal control guidelines, for example.

Special audits are often related to corporate reorganization. In such cases, the audits are carried out in line with the recommendations of the Advisory Board for Bankruptcy Affairs.

We at Jain Sunny & Associates have broad and extensive experience of circumstances that require audits and organizations of all types and sizes. The scope and focus of a special audit is agreed with the customer on a case-by- case basis.

Other external audit assignments

  • Audit of Non-profit/ charitable organizations
  • Audit of Superannuation Trusts maintained by Corporate for their employees
  • Audit of Gratuity Trusts maintained by Corporate for their employees
  • Audit of Provident Fund Trusts maintained by Corporate for their employees

Other Audits

  • Opinion on the various issues related to Service Tax, Excise and Custom.
  • Internal Audit of Service Tax Compliances.
  • Training for Amendment/ updation and Budget etc
  • Assistance in Audit to be conducted by the Service Tax Department
  • Reply of Notices etc from the Authorities