+91 - 22 - 25005231 / +91 2279616481
office@cakdsa.com


	Home About Us Objective Vision Mission Why KDSA? Team Services Tax and Regulatory International Taxation Audit and Assurance Corporate Law Services Finance & Accounting Outsourcing Keeping Clients Informed Management Consultancy RERA BlOG News Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Query Careers Admin Login Email Login Time Sheet Contact Us

Audit and Assurance

Our audit and assurances service offerings are based on a complete understanding of the clients’ business specifics, industry peculiarities and the applicable laws. The audit approach is based on the compliance issues, the nature and requirement for audit, the clients’ requirement and key risk issues involved. Our audit and assurance solutions range from statutory audits, internal audits, tax audits, transfer pricing audits, management audits, concurrent audits etc. The audit deliverables range from reporting for statutory compliances to enhancing the clients business financial and operational performance.

2.1 STATUTORY AUDIT

We conduct statutory and regulatory compliance audits for filing of annual or periodic financial results. Statutory audits are aimed at achieving compliance with regulations, assessing the strength of controls, confirmation of accounting treatments of recorded transactions, independent review of reported information and preparation of accountants report.

2.2 TAX AUDITS

We annually serve our clients in area of tax audit under various provisions of the tax laws. The firm has dedicated audit teams which specialize in conducting the audits effectively and diligently.

2.3 ADVISORY SERVICES

We offer multi-disciplinary advisory services to clients in its main areas of practice i.e. taxation and regulatory, audit and assurance and company law. Besides the firm also offers advisory solutions on partnership and LLP laws, societies and trusts laws, exchange control regulations, employee benefit regulations etc. Our advisory services deliverables are based on gaining an understanding of clients’ query, thorough research on the subject, in-house threadbare discussions on all possible solutions, considering myriad options, application of knowledge and experience on the issues and providing an informed opinion on the query.

2.4 INTERNAL AUDIT

Our audit and assurances service offerings are based on a complete understandin g of the clients business specifics, industry peculiarities a nd the applicable laws. The audit approach is based on the compliance issues, the nature and requirement for audit, the clients requirement and key risk issues involved. The audit deliverables range from reporting for statutory compliances to enhancing the clients business financial and operational performance.

We deal with issues that are funda mentally important to the survival and prosperity of any organisation. We look beyond financial risks and statements to consider wider issues such as the organizations reputation, growth, its impact on the environm ent and the way it treats its employees.

In sum, we help organizations to succeed. We do this through a combination of assurance and consulting. The assurance part of our work in volves telling managers and governors how well the systems and processes designed to keep the organisation on track are working. Then, we offer consulting help to improve those systems and processes where necessary.

Monitor and assist the Company with Risk Management

Assist with documentation and development of the Company’s internal control fra mework
Monitor/test the effectiveness of the internal control framework (SOX 404 requirement; some testing recommended for all companies)
Monitor/test the companys operational processes for compliance, efficiency, safety etc.

2.5 AUDITS OF INTERNAL FINANCIAL CONTROLS OVER FINNANCIALS REPORTING (IFC - FR)

Background of IFC
The Companies Act, 2013 has introduced a new requirement for listed companies, making the Board of Directors (Section 134), Audit Committee (Section 177) and Independent Directors (Schedule IV) responsible for laying down internal financial controls(IFC) and confirming the adequacy and operating effectiveness of the framework for Internal Financial Control (IFC).

Furthermore, under Section 143 of the Companies Act, the external auditors are required to separately issue opinion on the adequacy of IFC and the operating effectiveness of such controls

This framework focuses on financial controls effectiveness through a continuous cycle of self-assessment and independent credence based on various internal financial control elements.

We ensure the policies and procedure adopted by the company are:

Orderly and efficient conduct of its business, including adherence to company's policies.
Safeguarding of its assets
Prevention and detection of frauds and errors.
Accuracy and completeness of the accounting records
Timely preparation of reliable financial information.

How will IFC help beyond Compliances?

Helps in business process re-designing to plug revenue leakages & Cost containment opportunities.
Helps in rationalizing the number of controls across organisation moving to smart and automated controls and thereby making control environment efficient.
Helps in standardizing policies and procedures for multi-location/multi-business Companies.
Foster in control conscious work culture for people behind controls.
Provide assurance to the CEO/ CFOs well as improves business performance.
Improved investor confidence in entity’s operations and financial reporting process.
Process Owner Accountability and promoting culture of control consciousness within the entity.

Aimed at strengthening the processes to further improve business, identify cost containment opportunities as well as drive growth

2.6 GST AUDITS AND ADVISORY

Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.

The scope of services is given below:

Develop an understanding of:

Transactions flow for each of the entities;
Recording of transactions and the applicable GST accounting in ERP or relevant electronic accounting system;
Interplay between Transaction Accounting and Reporting for relevant GST compliance
Review of reconciliation between revenue reported in financials and revenue adopted for periodic GST payment and related filings.
Advice on the treatment of differences encountered at the time of reconciliation between monthly return with annual return and books.
Review of input credit availment &Utilisation process and reporting thereof in periodic GST filings.
Analysis of inward supplies to identify payments which are not made within 180 days and reversal of ITC thereon.
Analysis of input tax credit register to verify the eligibility (on sample basis)
Identifying differences, if any, between tax amounts collected for services provided & tax liability discharged and advise on treatment thereof based on the reasons of differences.
Review of details and information required to be reported in GST annual return and GST audit Forms as prescribed under the GST laws and regulations (Form GSTR 9 & Form GSTR 9C).
Review of procedural compliances, statutory reporting along with timelines and formats as prescribed under GST legislation.

BANK AUDITS

The bank audits are conducted as per requirements of the bank depending upon the periodicity (Monthly, Quarterly) as well as stock debtors audit, statutory audit.

120699 Times Visited