Audit Firm In Pune- SKPN
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SKPN, the Chartered Accountant Firm in Pune offers different professional services like Auditing and Assurance Services to Companies, Firms, and Trusts. Audit incorporates exhaustive check of proof, vouchers and confirmations. SKPN, in light of long stretches of mastery with the best Finance Advisors who execute the most recent techniques for review for amplifying review productivity through the most secure audit approach.
- Internal and Concurrent Audits.
- Pre-Audit Compilations.
- Stock Audit and Management Audits.
- Certification/ Attestation Work.
- Statutory Audits for Corporate, Trusts, NGO’s & LLP’s.
- Financial statement, Revenue/ Expenditure Audit.
- Tax Audits and Internal Audits for Corporate, Trusts, NGO’s, LLP’s, Partnership Firms and Proprietary Firms.
- Bank Branch Statutory Audits of Nationalised Banks, Private Banks & Co-operative Banks.
- Special investigations.
- Information System Audit.
- Branch and Revenue Audits of Banks.
- Audit ofCo-operative Societies, PF Trusts, Charitable Trusts, Schools, etc.
- Internal Audit / Control Review and Consultation reviews.
- Business Auditing Services.
- Due Diligence.
- Corporate Governance Audits/ Compliance etc.
Audit & Assurance Services are at the centre of a fruitful and philosophical Financial Management arrangement. We draw in with our customers to keep on guaranteeing adherence to legal and administrative necessities, including revelations, and give helpful, esteem included conveyance. Our reviewing administrations help customers to understand their hierarchical destinations and procedure to encourage the contribution of senior work force at customary stretches all through the review cycle, subsequently guaranteeing an incentive past the ambit of our review report. We have Accountants and Finance Advisors who will help you in different Accounting and Auditing administrations.
A very much led audit can furnish entrepreneurs with significant data and confirmation that announcements are reasonably introduced. At SKP N we see the review cycle as an open door for our customers to study their organizations, so they are better furnished to speak with banks, speculators and accomplices while taking monetary choices. We at SKPN furnish our customers with a target introduction of their monetary data just as qualified exhortation and perceptions.
For associations that require an audit for legal or administrative reasons related with the documenting of their yearly and intermittent monetary data, SKPN can give top notch review administrations. We can likewise address particular administrative announcing necessities, for example, those under International Financial Reporting System (IFRS) including unfamiliar private guarantors.
Our work considers all current and where suitable, forthcoming reviewing, bookkeeping, and detailing guidelines and direction. Our review customers incorporate a couple of global enterprises, Domestic Corporate just as numerous little and medium-sized Domestic organizations.
- Accountants’ reports
- Compliance with regulations
- Independent review of externally reported information
- Advice on controls and processing system weaknesses
- Confirmation of accounting treatments with respect to complex transactions
- Increased monitoring of prospective accounting and regulatory changes
Our Approach towards the Audit and Assurance Services offered by us under this classification incorporate:
To keep up the history of our quality work, convenient conveyance and cost effectiveness, we have a very much characterized and exact job set for our customer overhauling groups. Whole S K P N is webbed through powerful correspondence frameworks and cycles.
- Appraising the actions taken by the management regarding the follow-up and the reporting techniques.
- Evaluating the strengths and weaknesses of the audit areas, and reporting their efficiency, effectiveness, and the state-of-control by analysing scrupulously the audit evidence.
- Clinging to the norms of ethical and professional standards, to ensure the impeccable quality and consistency of the audit work.
- Planning and preparation of ingenious audit approach and programs, as per your requirements.
- Presentation of the reports of findings, conclusion derived, and the suggested recommendations, to inform the management, about the adequacy of controls and effectiveness of operations.
Statutory Audit under Companies Act, 2013
Under different sorts of resolutions, everything the organizations or elements need to have their records examined appropriately. We at S K P N embrace the equivalent under the sculptures of the Companies Act 2013. Circumspect Stock Audits are likewise made by us to encourage the last examining of the records of an organization. There are countless various records to be kept up for dealing with all the tasks, exercises, measures, and so on worried about an organization of India, or a joint endeavour. Legitimate upkeep and exact evaluating of such stocks are fundamental for the organization to run easily.
Transfer Pricing Audit
Transfer pricing (TP) is a term used to depict between organization valuing plans identifying with exchanges between related substances. These can incorporate exchanges of protected innovation, substantial merchandise, administrations, and advances or other financing exchanges. Such between organization exchanges, locally and across fringes, are developing quickly and are getting substantially more mind boggling. Consistence with the varying prerequisites of different covering charge purviews is a confounded and tedious assignment.
Simultaneously, tax authorities both nearby and local, are forcing stricter punishments, obligatory documentation prerequisites, expanded data trade and doing serious reviews. Whatever your exchange valuing needs, our devoted Transfer Pricing experts are prepared to work with you. With the ever-expanding investigation of move estimating action by tax authorities around the world, we can help you in the improvement of assessment proficient structures that help increment consistence with nearby nation prerequisites, plan for review reaction, resolve move evaluating debates and decline move valuing introduction in future periods.
Mandatory Requirement for Internal Audit In India
Section 138 of the Act was enforced with effect from 1st April 2014. As per section 138 of the Companies Act, 2013, such class or classes of companies as may be prescribed shall be required to appoint an internal auditor to conduct internal audit functions and activities of the company. Accordingly such class or classes of companies have been prescribed in Companies (Accounts) Rules, 2014 by Ministry of Corporate Affairs. The following class of companies shall be required to appoint an internal auditor namely,
- Listed companies : – Appointment of an internal auditor is mandatory
- Unlisted public company and private companies : – Appointment of an internal auditor is mandatory if either of the following criteria are met.
|
Criteria* |
Unlisted Public Companies |
Private Companies |
|
Paid-up share capital |
INR 500 million (50 crore)or more |
Not a determining factor |
|
Turnover |
INR 2 billion (200 crore)or more |
INR 1 billion (100 crore)or more |
|
Outstanding loans or borrowings from banks or |
INR 1 billion (100 crore)or more |
INR 2 billion (200 crore) or more |
|
Outstanding deposits |
INR 250 million (25 crore)or more |
Not a determining factor |
*to be checked for the preceding financial year
However, a company can also on sole discretion opt for internal audit even if it does not qualify for the mandatory requirements due to several benefits stated above.
Our audit methodology includes making recommendations for improvement, not just to express numbers and ensure compliances. The recommendations are realistic because we want you to implement them. We also ensure our clients are updated all around the year of accounting, financial and regulatory developments that may impact their business. Working in the capacity of an internal auditor, we provide following services:
- Evaluating the adequacy of the system of internal controls;
- Assess and ensure compliance with legal and contractual obligations.
- Risk Assessment and development of risk based audit plan;
- Review operations/programs to ascertain whether results are consistent with established objectives and whether the operations/programs are being carried out as planned.
- Recommend improvements in controls;
- Assess compliance with policies and procedures and sound business practices.
- We at S K P N can help associations that need assistance improving the quality and viability of their inner review measures in various manners.
- To start with, by educating and aiding the advancement regarding inner review and danger the board philosophies, including evaluating whether the interior review work is conveying viably to partners.
- Giving interior review resourcing arrangements, including full re-appropriating or supplementing in-house capacities with authority aptitudes or topographical inclusion.
- For top to bottom and circumspect checking of throughout the everyday exchanges, huge business associations definitely need the assistance of Internal Audit. For the most part, every organization is needed to check genuinely his fixed resources and stock in exchange, once in a year through a free office.
- While directing interior reviews we devise implies and propose techniques to appropriately smooth out the working cycles inform upkeep with respect to fitting inside records, to keep fool – verification obligatory records, present cross-check arrangement of cash and material taking care of, and plan various systems for their general improvement.
- By supporting inside review capacities with programming to improve and uphold their work. Likewise, we can create preparing for interior inspectors utilizing our broad market and industry information to make profoundly custom-made arrangements.
Statutory Audit under Companies Act, 2013
Under different sorts of resolutions, everything the organizations or elements need to have their records examined appropriately. We at S K P N embrace the equivalent under the sculptures of the Companies Act 2013. Circumspect Stock Audits are likewise made by us to encourage the last examining of the records of an organization. There are countless various records to be kept up for dealing with all the tasks, exercises, measures, and so on worried about an organization of India, or a joint endeavour. Legitimate upkeep and exact evaluating of such stocks are fundamental for the organization to run easily.
Tax Audit under the Income Tax Act, 1961
Each assessee, whose yearly turnover surpasses Rs. 1 crore or the all out business receipts from any calling surpass the measure of Rs.50 Lacs in any earlier year, will undoubtedly get the records inspected and report the equivalent as per the segment 44 AB of the Income Tax Act. We at S K P N direct such duty review administrations for all little and large organizations and enterprises of different segments.
Internal Audit
A successful interior review is worried about assessing and improving the adequacy of danger the board, control and administration measures in an association. Associations are progressively utilizing inside review as a vital asset, perceiving that inner evaluators’ wide and profound point of view of tasks, dangers and potential open doors can help educate business dynamic. All associations are dependent upon extortion chances and there have been a few occasions when fakes have disrespected associations all in all. With expanded administrative concentration and inescapable negative effect of cheats, the administrations and senior chiefs are progressively worried about the weakness and introduction of their organizations/associations to fakes and whether they are satisfactorily secured. This underscores the need of inner review in extortion hazard the executives.