Audit


	Home Team About Us Services Accounting Services Auditing & Assurance Payroll Management Income Tax_Wealth Tax Good & Services tax (GST) Services for Non Residents Corporate Finance Corporate Services Secretarial Services Compliance Management Business Setup Services Investment Planning Management Services 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 :-

	With opening up of Indian economy, the challenges of international competition and ever increasing complexity of information flows have widened the financial and business risks faced by companies. With increasing regulatory requirements, the need for greater transparency in operations and disclosure norms, stakeholders require assurance beyond the traditional critique of numbers. Hence assurance is being increasingly required on industry issues, business risks, and key business processes.
	Globalization of the Indian Corporate world has been a key driver in harmonization of accounting practices in financial disclosure norms. Shareholding pattern in Indian corporates is fast changing its form to strategic investors, private equity investors and Foreign Institutional Investor’s, demanding transparent financial statements.
	Competitive pressures and increased attention to corporate governance has enhanced the importance of Enterprise Risk Assurance function.
	We provide expert assurance services through our qualified professionals. The service engagements include performing of audits of financial statements of corporates’, banks, financial institutions etc.

	STATUTORY AUDIT
	Various types of organizations like companies, banks, societies, etc. are required to get their accounts audited in terms of the respective regulating statutes. The principal objective of a statutory audit assignment is to ensure that the financial statements prepared by the management give a true and fair view and are free of any material misstatement. Our approach to Statutory Audit of the financial statements is to provide reasonable assurance to the various stakeholders that the accounts have been prepared in accordance with the Generally Accepted Accounting principles and are free of any material misstatements, errors and discrepancies.

	INTERNAL AUDIT
	Internal Audit focuses on not only on review of existing internal controls in the various functions of an organization, but also advise on improvements in the existing procedures or introduction of new procedures with an aim to improve internal controls. At RGC, we emphasise on existence of strong internal control systems so as to minimize the risk of accidental or deliberate errors and omissions. Our Internal audit procedures are not restricted to financial transactions only. These include apart from core accounting areas like purchase, marketing and sales, payroll, working capital management, etc., specialized areas like information technology (IT), production, quality control, statutory compliances, legal cases, etc.

	MANAGEMENT AUDIT
	Management Audit is an independent appraisal activity undertaken to examine and evaluate the effectiveness, efficiency and economy of the organizations activities with an aim to assist the management in the effective discharge of their responsibilities by furnishing them with analyses, appraisals, recommendations, counsel, and information concerning the activities audited. Our management audit procedures aim to maximize management performance by focusing on improving processes within the organization.

	TAX AUDIT
	Certain class of assesses are required to get their accounts audited in terms of section 44AB of the Income Tax Act, 1961 within the prescribed time. Apart from ensuring that the financial statements prepared by the management give a true and fair view and are free of any material misstatement, a statement of particulars (in form 3CD), which forms part of the audit report, is required to be verified and certified to be true and correct.



	INFORMATION SYSTEM (IS) AUDIT
	Everyone is aware of the need for information security in today's highly networked business environment. Information is arguably among an enterprise's most valuable assets, so its protection from predators from both within and outside has taken center stage as an IT priority. We have recognized the importance of information security and offer a wide range of solutions and services on the subject.

	STOCK AUDIT
	Inventories constitute a major component of assets of a business enterprise and also involves major portion of working capital of the enterprise. It not only includes physical verification of inventories stored at various locations, but also review of basis and calculation of inventory values. It helps Financial Institutions (FIs) and banks in determining the value of assets against which the working capital facilities have been provided. In case of organizations, wherein inventories are located at various places, like retail chains, hotels, etc., stock audits helps management in ensuring proper internal controls. Our audit teams have experience of handling stock audits at multiple locations simultaneous and also working round the clock so as to minimize work disruptions at client locations.

	CONCURRENT AUDIT
	Concurrent audit is a systematic and timely examination of financial transactions on a regular basis to ensure accuracy, correctness thereof and also compliance with established policies, procedures and guidelines. It reduces time gap between occurrence of transactions and its review and verification. During concurrent audit, our team ensures that the transactions and decisions are in line with the laid down policy parameters and are within the delegated authority. This helps in checking occurrences of mistakes and errors and also preventing frauds.

	REVENUE AUDIT
	A Revenue Audit is an examination of the revenue information and figures with an aim to ensure that controls, policies and guidelines of an enterprise’s income generating processes are adequate and effective and the same are being adhered to properly. It involves detection of significant weaknesses and checking of financial statements and other records to ensure that the same are in accordance with regulatory standards and generally accepted accounting principles. It aims to enhance revenue and also plugging in leakages of revenue.

	RISK ASSESSMENT & MANAGEMENT ASSURANCE SERVICES
	Risk assessment is a process to identify potential hazards and analyze its probable impact. We, at RGC, help management not only in identification of various potential business, financial and other risks but also help them in determination of probable impact enabling them to take appropriate corrective action.

	DUE DILIGENCE
	Due diligence review is required to be conducted to help the clients in taking various important critical management decisions like fresh investment, acquisition/takeover, merger, etc. At RGC, we conduct Due Diligence Review, Credit Evaluations, Viability Studies, Techno-Economic Reviews and detailed study of target businesses/organisations so as to enable our client to identify strengths, weaknesses and risks in any business/organization and take appropriate management decisions. Our understanding drawn from experience and knowledge of various laws, regulations, practices and procedures help us to vet various critical issues, activities and functions in detail.

	SPECIAL INVESTIGATIVE AUDIT SERVICES
	We also help our clients and other agencies in investigation of any suspected activities involving financial impropriety or fraud. Unlike various audits, our investigation services are aimed at specific suspected functions/activities and involve detailed checking and analysis so as to help the appointing agency in collaborating their investigations.

349620 Times Visited