Audit & Assurance Services
An audit is the independent examination of financial statements of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an opinion thereon. Audit quality is of fundamental importance for maintaining trust in the financial reporting process and the integrity of financial information.
Our Audit & Assurance Services
At Akshay Vora & Associates, we offer comprehensive Audit & Assurance Services designed to ensure that your financial records are accurate, compliant with regulations, and free from material misstatements. Our services help you build trust with stakeholders, mitigate risks, and provide transparency in financial reporting.
Statutory Audits
We conduct thorough statutory audits to ensure compliance with legal and regulatory requirements.
- Conducting statutory audits as required under relevant laws and regulations
- Ensuring compliance with the Companies Act, Income Tax Act, LLP Act and other legal requirements
- Verification of financial statements for accuracy, completeness, and transparency
- Providing audit reports for submission to regulators, shareholders, and other stakeholders
Internal Audits
Our internal audit services help businesses identify and address operational inefficiencies, control weaknesses, and compliance issues.
- Reviewing and evaluating internal controls, risk management processes, and governance practices
- Identifying inefficiencies and recommending improvements in internal processes
- Helping organizations safeguard assets and ensure compliance with policies
- Providing actionable insights to improve operational effectiveness
Tax Audits
Our tax audit services ensure compliance with tax regulations and help identify potential tax-saving opportunities.
- Conducting tax audits as per Section 44AB of the Income Tax Act for businesses and professionals
- Ensuring compliance with tax laws and reporting of accurate financial information
- Supporting clients with tax audit filings and addressing discrepancies
- Offering advisory services on how to minimize tax risks and enhance tax compliance
GST Audits
We perform comprehensive GST audits to ensure compliance with GST laws and regulations.
- Performing GST audits to ensure that businesses comply with GST laws and regulations
- Examining GST returns to ensure accuracy and alignment with financial statements
- Assisting in resolving GST disputes and managing GST assessments
- Offering guidance on GST compliance to prevent penalties and fines
Stock Audits
Our stock audit services verify the quantity, quality, and value of inventory.
- Conducting stock audits to verify the quantity, quality, and value of inventory
- Ensuring accuracy in the reporting of inventory levels and stock movements
- Identifying discrepancies between recorded stock and physical stock
- Providing recommendations to improve stock management and prevent loss or theft
Due Diligence Audits
We perform thorough due diligence audits to evaluate financial health before mergers, acquisitions, or investments.
- Performing due diligence audits to evaluate financial health before mergers, acquisitions, or investments
- Identifying any hidden financial liabilities, risks, or irregularities during the audit process
- Providing risk assessments and insights for informed decision-making in corporate transactions
- Assisting clients in making sound investment decisions with verified financial data
More Audit & Assurance Services
Internal Control Audits
We evaluate the strength and effectiveness of your organization's internal controls.
- Evaluating the strength and effectiveness of your organization's internal controls
- Identifying weaknesses in the internal control environment that may expose the company to risks
- Providing actionable recommendations to enhance control systems, mitigate fraud risks, and ensure operational efficiency
- Offering guidance on developing and maintaining a robust internal control framework
Management Audits
We conduct comprehensive audits to evaluate the effectiveness of management processes.
- Conducting comprehensive audits to evaluate the effectiveness of management processes
- Reviewing strategic, operational, and financial decision-making processes
- Providing recommendations to improve overall management and governance standards
- Helping clients optimize resource allocation and enhance organizational performance
Operational Audits
We analyze and evaluate the effectiveness of an organization's operational processes.
- Analyzing and evaluating the effectiveness of an organization's operational processes
- Identifying areas for operational improvement and cost optimization
- Assessing the efficiency of business functions and suggesting actionable improvements
- Ensuring that operations align with business goals and regulatory requirements
Compliance Audits
We verify adherence to legal and regulatory requirements specific to your industry.
- Verifying adherence to legal and regulatory requirements specific to your industry
- Conducting compliance audits to assess conformity with internal policies, laws, and industry standards
- Identifying gaps in compliance and providing recommendations for rectification
- Offering audit reports that outline potential compliance risks and how to address them
Concurrent Audits
We provide concurrent audits to continuously monitor financial transactions and operations.
- Providing concurrent audits to continuously monitor financial transactions and operations
- Ensuring timely identification of issues and discrepancies during the financial period
- Helping businesses stay compliant by providing real-time insights into operational risks
- Reviewing financial records as part of ongoing compliance checks for regulatory bodies
Payroll Audits
We review and audit payroll systems to ensure compliance with legal and statutory requirements.
- Reviewing and auditing payroll systems to ensure compliance with legal and statutory requirements
- Verifying employee records, tax deductions, and other payroll-related liabilities
- Assessing payroll processing accuracy, ensuring correct employee compensation
- Providing guidance on optimizing payroll processes and minimizing payroll fraud risks
Forensic Audits
We conduct forensic audits to detect fraud, misappropriation, and other financial irregularities.
- Conducting forensic audits to detect fraud, misappropriation, and other financial irregularities
- Providing investigative audit services for disputes, litigation support, and fraud prevention
- Analyzing financial data to identify anomalies and providing fraud risk assessments
- Assisting in legal proceedings and offering expert witness testimony, if required
Why Choose Us for Audit & Assurance Services?
Expert Knowledge
Our team has in-depth knowledge of auditing standards, tax regulations, and industry practices.
Comprehensive Services
We provide a full spectrum of audit and assurance services tailored to meet the unique needs of businesses.
Transparency and Accuracy
Our audits provide an unbiased, clear, and accurate representation of your financial position.
Risk Mitigation
We help identify financial risks and improve internal controls to safeguard your organization's assets and reputation.