Audit & Assurance Services

At Kiritbhai Soni & Associates, we offer comprehensive Audit and Assurance Services that provide valuable insights, enhance financial transparency, and ensure statutory compliance. Our audit methodology is designed to add value by identifying inefficiencies, improving internal controls, and providing strategic recommendations for better governance and financial management.
Our Audit Approach
Our audit process involves a systematic and in-depth review of the organization’s financial records, systems, and processes. Key aspects include:

  • Thorough Analysis: In-depth study and evaluation of existing systems, procedures, and internal controls to gain a comprehensive understanding.
  • Compliance Verification: Ensuring strict adherence to applicable laws, policies, accounting standards, and statutory requirements.
  • Financial Review: Comprehensive review to confirm that financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP), Indian Accounting Standards (Ind AS), or International Financial Reporting Standards (IFRS), as applicable.
  • Expense Validation: Verifying the genuineness and accuracy of expenses recorded in the financial statements.
  • Operational Efficiency: Identification and reporting of operational inefficiencies and recommendations for process optimization.
  • Income Protection: Detection and prevention of income leakages, with advice on corrective measures to safeguard future revenues.
  • Certification & Reporting: Certification of books of account and issuance of Audit Reports under various regulatory frameworks, ensuring full transparency and accountability.

Types of Audits Conducted
Our firm is experienced in conducting a wide spectrum of audit assignments, tailored to meet industry-specific requirements and compliance obligations:

  • Statutory Audits
    • Audit of Companies under the Companies Act, 2013
    • Audit of LLPs, Firms, and other entities as per applicable statutes
  • Tax Audits
    • Under Section 44AB of the Income Tax Act, 1961
    • Under specific sections such as 80HHC, 80-IA, and other relevant provisions
  • Bank Audits
    • Concurrent Audits
    • Revenue Audits
    • Branch Audits of Nationalized, Private, and Co-operative Banks
  • Trust & NGO Audits
    • Audit of Provident Fund Trusts, Charitable Trusts, Educational Institutions, and Non-Profit Organizations
  • Co-operative Society Audits
    • Statutory and Internal Audits of Co-operative Societies
  • Information Systems Audit
    • Evaluation of IT systems, data integrity, and control measures for effective Information Security and Risk Management
  • Internal Audits
    • Focused on process improvement, compliance, and risk mitigation, ensuring smooth operational functioning and strategic control

Value We Deliver
Our audits are more than just compliance exercises—they are tools for enhancing efficiency, ensuring financial accuracy, and providing actionable insights. With a team of experienced professionals and a client-centric approach, we ensure that our audit services support the sustainable growth and stability of your organization.
 
     
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