Internal audit of All kinds
Internal audit is providing an independent assurance on an organization’s governance, internal control
and risk management.
We can perform internal audits with maximum efficiency and accuracy.
The objects of internal audit can be stated as follows:
- Verification of the accuracy and authenticity of the financial, accounting and statistical records.
- Ascertaining that accepted accounting policies and practices
have been followed while preparing the financial accounts.
- The assets are purchased or disposed of under proper authorization. Also ensuring that the access to assets
is restricted to authorized persons at the authorized times.
- Confirming that the liabilities are incurred for the legitimate activities of the organization.
- The internal checks system operating in the organization is sound and economical.
- Fraud and errors are prevented and detected.
- Reviewing overall operations of the internal control system and if deviations or weaknesses are noted, the same are
communicated to appropriate authorities in a timely basis. This will help in instituting corrective actions.
What we do :
Solutions offered through THE TAX HELP include:
- Setting up of Internal Audit function
- Undertaking internal audit risk assessments
- Developing risk-based assurance plans
- Identifying and monitoring Key Risk Indicators (KRI) and Red flags (continuous monitoring)
- Data analytics
Statutory auditing
A statutory audit is legally required to review the accuracy of a company or govt. financial statements and records.
An audit of statutory accounts provides assurance to the users of those accounts that they have been prepared in
accordance with relevant accounting and regulatory standards.
Opinion on true and fairness of financial statements as required under the statute, accounting standards,
IND AS, guidelines by the regulator, income tax provisions, and disclosures in the specified formats.
What we do :
THE TAX HELP will talk to management about their observations and findings during the audit to help
the business improve its compliance and performance.
Our professionals specialize in particular sectors and industries, to give a deeper understanding of the
challenges that may be faced.
Before commencing an audit, our audit teams will visit you to understand how your business operates,
the risks it faces, and how to work with you to complete an effective and high-quality audit.
Our audit methodology has been developed by our leading firms with the public interest as the priority.
Of course, we need to complete an audit in accordance with relevant international and national standards
but our audit process is flexible, which enables our audit teams to modify their audit approach to
better match the client’s needs and circumstances
Tax auditing
Tax Audit forms an important part of corporate planning exercises for organizations. With sound and
effective tax planning strategies in place, organizations can enjoy the benefits of minimizing the
associated business risks and liabilities.
The THE TAX HELP team of tax consultants works closely with the clients to anticipate challenges and
opportunities and advise the most optimum solutions to achieve their financial growth and to minimize
taxes and maximize wealth to facilitate success.
What we do :
- THE TAX HELP has a team of expert CAs who can conduct tax audits of any sector company.
- Help clients do all kinds of legal tax planning.
- 24x7 auditing support to clients when they need it.
Stock and Expense auditing
Every business institution at least needs to perform a stock audit once a year to update and ensure that the
physical stock and the computed stock match. A stock audit helps correct discrepancies between the physical
stock and book stock can be corrected.
Stock audits are an important factor to reduce costs and bottom lines, to prevent pilferage and fraud, reduce
gaps in the inventory management process, and exercise good control over the business mechanism.
Here at THE TAX HELP, we provide the expertise of the top chartered accountants in India for all kinds of
audits including stock and expense auditing. Right from cut-off analysis to finished-goods cost analysis, we
provide several different procedures to ensure the accuracy of the output.
