Audit & Assurance

Our team of audit and assurance team mainly focuses on providing quality services that suit your needs, offering helpful suggestions that develop your operations, providing financial guidance when necessary, and delivering a level of service that results in a long-lasting relationship. 

What is an Audit?

The term audit usually refers to a review of the financial statement. A financial audit is an unbiased examination and evaluation of the financial statements of an organisation to ensure that the financial records represent a true and fair view of the business transactions they claim to perform. 

What is Assurance Service?

Assurance services are an independent professional service ordinarily provided by chartered accountants. Assurance services can include an examination of any financial document or transaction, such as a loan, any contract or arrangement, etc. This review verifies the correctness and validity of the item being reviewed by the professionals.

Audit and Assurance at T KOHLI & CO.

We provide a range of services as mentioned below:
 

• Statutory Audit - The sole objective of a statutory audit is to assess whether an organisation provides a fair and correct representation of its financial position by examining data such as accounting records, bank balances and commercial transactions.

• Internal Audit - Internal auditing is an objective assurance and consulting activity intended to add value and improve an organisation's business transactions. 

• Tax Audit - Tax Audit involves an audit of financial records of a business in compliance with provisions of the Income-tax Act in India and providing disclosures in the prescribed formats.

• Fixed Assets Audit - Auditing fixed assets is vital to ensure that accounting for capital assets and depreciation complies with the objectives of management. 

• Stock Audit - Stock audit means physical verification of stock of a company or institution. There are many stock audits, depending on the purpose, and every stock audit requires a different approach. 

• Management Audit - Management Audit is an audit of functions of operations management department of an organisation for acquisitions and company mergers.

• Revenue Audit - This is a two-step process which scrutinises the data and information as provided in tax returns against the ones found in actual business records.

• Due Diligence - Due diligence is an examination, audit, investigation or review performed to establish the facts of a matter or transaction under consideration.