Auditing
and Verification
Our Auditing and Verification
services include:
Auditing asset, liability, equity,
revenue and expense accounts
Evaluating systems and procedures
Submitting special reports on
specific accounts, such as volume
of business, tax purposes or compliance
with
agreements
Statutory Audits
Internal Audits and Special Audits
Fraud audits and investigations
Management Audits
Due Diligence Reviews
Annual/periodical Verification
of fixed assets, inventories and
other assets
When R. Kant Gupta & Co. audits
your company's books, you get
much more than just number crunching.
As we carefully test your records,We make a point of looking at
the big picture and providing
recommendations that will enhance
your business's efficiency and
maximize your profits.
When we recognize a better way
that you could be doing something,
we let you know.
R. Kant Gupta & Co. provides
all the services you associate
with an audit – it's just
that we go above and beyond the
traditional call of duty. We constantly
have our eyes open for ways to
reduce costs for our clients.
We have a long history of conducting
audits in wide array of industries,
and we pride ourselves on being
attentive to each client's unique
needs and finding innovative solutions
to his problems.
Personal attention from a R. Kant
Gupta & Co. partner is one
of the primary ingredients in
every audit we undertake. You'll
have the confidence of knowing
that a partner plays an integral
role in every major auditing decision.
In addition, you can count on
seeing some of the same R. Kant
Gupta & Co. professionals
return to conduct your audit year
after year. It is standard procedure
for the big firms to shuffle the
auditing staff on clients annually,
wasting your time and money on
educating new auditors as to the
specifics of your enterprise.
It is our policy to send staff
to your office who have prior
experience on your engagement,
saving you time and money. Furthermore,
this continuity produces a rock-solid
familiarity with your business,
and out of such understanding
comes invaluable recommendations
as to how to improve your operations.
R. Kant Gupta & Co. also stands
out from the crowd by bringing
tax expertise to every auditing
engagement and making compliance
issues a primary concern when
testing your records. Plus, we
continuously educate our staff
to keep them on the cutting edge
of technological issues, auditing
techniques and new standards and
regulations.
We carry out audits as required
under various statutes like Companies
Act, 1956, Income Tax Act, 1962
and various other laws. We plan
our audit in such a manner that
the time and cost for the statutory
audits undertaken are minimum
while not compromising the quality
of our reports. We avoid duplication
of efforts by not repeating the
procedures applied by the internal
auditors and evolve our own procedures
based on the system of internal
control and checks prevailing
in an organisation.
We also undertake internal audits
to assist our clients in ensuring
financial discipline and compliances.
The internal audits, we undertake
are after evaluating the internal
controls of the client organisation
and after discussing the scope
of work with the client. Over
the years we have specialised
in carrying out the internal audits
of small to medium sized business
entities. The thrust is to audit
for the statutory requirements
and also simultaneously report
the irregularities and the weakness
in the internal control and systems
for proper action and rectification.
We also undertake special audits,
fraud and investigative audits
as per the requirements of each
client. We apply special procedures
for detecting frauds and malpractices.
We also undertake periodical and
annual verification of fixed assets,
inventories and other assets for
our clients.
Clients often require the diligence
exercises to be conducted, be
it for obtaining comfort on the
reasonableness and reliability
of data and operating results
of an entity, or for entering
into business arrangements. We
undertake due diligence exercise
for our clients as per agreed
scope of work.
Ever-changing business environment
and commercial needs, increasing
costs, pressure on margins and
modified organisational objectives
necessitate organisations to review
their operations objectively on
a continuous basis. Impartial
objective criticism, we believe,
provides an impetus to any organisation,
provided it is accompanied with
appropriate practicable suggestions.
This is the underlying philosophy
of the Management Audits that
we execute. Our management audits
have provided the management with
requisite information to enable
it to make hardcore decisions
as also to assist in its daily
operations.
Please e-mail
us to learn
more about our auditing services
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