At S M Kataria & Co, Chartered Accountants, we provide a wide range of Audit & Assurance Services designed to enhance transparency, ensure compliance, and provide stakeholders with confidence in your financial reporting. Our expert team offers customized solutions across various sectors and entities, ensuring that your business is aligned with regulatory requirements and best practices.

a) Statutory Audits: Ensuring Compliance and Financial Integrity

Our statutory audit services are tailored to meet the specific needs of various entities, including companies, LLPs, partnership firms, trusts, AOPs (Association of Persons), and BOIs (Body of Individuals). A statutory audit is a legal requirement under various laws such as the Companies Act, Income Tax Act, and other applicable regulations. Here’s how we support your organization:

• Compliance with Regulatory Requirements: We ensure that your financial statements comply with all relevant laws and regulations, including the Companies Act, Income Tax Act, and other applicable statutes. This includes verifying that your financial reporting meets the standards set by regulatory authorities and ensuring timely and accurate submissions.
• Examination of Financial Statements: Our audit process involves a thorough examination of your financial records, including balance sheets, profit and loss accounts, and cash flow statements. We assess the accuracy and completeness of these records, ensuring that they present a true and fair view of your financial position.
• Internal Controls Evaluation: We assess your internal control systems to identify any weaknesses or risks that could impact the accuracy of your financial reporting. By evaluating your control environment, we help you strengthen processes, prevent fraud, and ensure compliance with internal policies and regulatory requirements.
• Risk-Based Approach: Our audits are conducted using a risk-based approach, which focuses on identifying and assessing the key risks that could affect your financial reporting. By concentrating our efforts on high-risk areas, we provide more insightful and relevant audit findings.
• Communication with Stakeholders: We maintain open communication with management and other key stakeholders throughout the audit process. This ensures that any issues or concerns are addressed promptly, and that the audit is conducted efficiently and transparently.
• Assurance to Stakeholders: Our statutory audit services provide assurance to shareholders, investors, and other stakeholders that your financial statements are accurate and reliable. This enhances trust and confidence in your organization’s financial health and governance practices.

b) Tax Audits: Ensuring Compliance with Tax Regulations

Our tax audit services focus on ensuring that your business complies with the provisions of the Income Tax Act. We review your tax records and financial statements to ensure accuracy and compliance with tax laws, minimizing the risk of penalties and ensuring that you fulfil your tax obligations efficiently.

c) Management Audits: Optimizing Operational Efficiency

Our management audit services are designed to evaluate the efficiency and effectiveness of your organization’s operations. We assess various aspects of your business, including processes, resources, and management practices, to identify opportunities for improvement and help you achieve your strategic goals.

d) Compliance Audits: Ensuring Adherence to Regulations

Our compliance audits focus on ensuring that your business adheres to all applicable laws, regulations, and internal policies. We review your practices and procedures to identify any areas of non-compliance and provide recommendations to help you align with regulatory requirements and industry standards.

e) Special Purpose Audits: Focused Assurance for Specific Needs

Our special purpose audits are tailored to meet specific requirements, such as regulatory compliance, contract adherence, or financial due diligence. These audits provide targeted insights and assurance on particular areas of your business, enabling you to address specific concerns and make informed decisions.

f) Agreed Upon Procedures: Customized Assurance for Unique Objectives

Our Agreed Upon Procedures (AUP) services involve performing specific procedures as agreed upon with management or stakeholders. These procedures are designed to address unique needs or concerns, providing you with targeted findings and recommendations that help you make informed decisions.

g) Certifications – Income Tax, GST, and Companies Act: Validating Compliance and Financial Authenticity

We provide certification services under various statutes, including Income Tax, GST, and the Companies Act. These certifications ensure that your business complies with the relevant regulations, and that your financial statements and returns are accurate and reliable. Our certifications provide the necessary assurance to stakeholders and regulatory authorities.