Auditing & Assurance Service

Internal Audits

We at AMIT SHAH & CO., can assist organizations that need help improving the quality and effectiveness of their Internal Audit processes in a number of ways. First, by advising and assisting in the development of Internal Audit and Risk Management Methodologies, including assessing whether the Internal Audit function is delivering effectively to stakeholders. Second, by providing Internal Audit resourcing solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage. Third, by supporting Internal Audit functions with software to enhance and support their work. In addition, we can develop training for Internal Auditors using our extensive market and industry knowledge to create highly-tailored solutions. For in-depth and scrupulous checking of all day-to-day transactions, large business organizations inevitably need the help of Internal Audit. Generally, every company is required to verify physically his fixed assets and stock in trade, once in a year through an independent agency. While conducting Internal Audits we devise means and suggest methods to properly streamline the working processes, maintenance of appropriate internal records, to keep fool - proof emanatory records Introduce cross-check system of money & material handling and plan different strategies for their overall improvement.

Auditing & Assurance Service

Statutory Audits

Under various kinds of statutes, all the businesses or entities require to have their accounts audited properly. We undertake the same under the statues of the Companies act 2013, Banking regulation act, Nonprofit Organizations, Income Tax act 1961 and The Insurance act. There are a large number of different accounts to be maintained for managing all the operations, activities, processes, etc. concerned with a company of India, or a joint venture. Proper maintenance and precise auditing of such stocks are essential for the company to run smoothly.

Statutory Audits

Auditing & Assurance Service

Bank Audits

We have been undertaking and conducting all types of Bank Auditing works concerned with various rules and regulations of the Income Tax Department and various other statutes of India.

  • Statutory Audit
  • Concurrent Audit
  • Revenue Audit

Bank Audits

Auditing & Assurance Service

Tax Audits

Every assesse, whose annual turnover exceeds Rs. 1 crore or the total business receipts from any profession exceed the amount of Rs.25 lacs in any previous year, is bound to get his accounts properly audited and report the same according to the section 44 AB of the Income Tax Act. Every assesse, whose annual turnover exceeds Rs. 1 crore or the total business receipts from any profession exceed the amount of Rs.25 lacs in any previous year, is bound to get his accounts properly audited and report the same according to the section 44 AB of the Income Tax Act. We conduct such Tax audit services for all small and big companies and corporations of diverse sectors.

corporate-profile

Auditing & Assurance Service

Vat Audits

Every assesse, whose annual turnover exceeds Rs. 1 crore ; except from profession in any previous year, is bound to get his accounts properly audited and report the same according to the respective state’s Valued Added Tax Act. We conduct such tax audit services for all small and big companies and corporations of diverse sectors.

corporate-profile