Mandated by:
The Companies Act, 2013 requires all companies registered in India to have their accounts audited by a registered Chartered Accountant, as per the CA Act, 1949.
Scope:
We carry out the audit following the standards set by ICAI to provide an opinion on the company’s financial statements.
Mandated by:
The Companies Act, 2013 requires companies meeting certain conditions to have an internal audit system based on the size of their operations.
Scope:
The scope of a risk-based audit is decided by the management and includes, but is not limited to, evaluating the internal control systems within the business.
Stock audit is a required process that every business must carry out at least once a year. The process mainly involves counting the physical stock at the specified location and checking it against the stock records maintained by the company. The goal is to identify and correct any differences between the book stock and physical stock by making the necessary adjustments.
A CA certification is often required for various purposes under different laws and regulations. Businesses need these certificates to claim legal benefits, arrange finances with banks, claim deductions, and ensure they are complying with relevant rules and regulations.