The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
Every country has statutory and regulatory framework, which requires financial statements of various entities to be audited by Chartered Accountants (CA) or Certified Public Accountant (CPA) or any other qualified accountants as per the local laws. In India, Companies Act, 1956, Banking Regulation Act, 1949, Income Tax Act, 1961, Insurance Regulatory and Development Authority Act, 1999, Listing Agreement of Securities and Exchange Board of India, etc. provides for audit and reporting by Chartered Accountants in the manner as prescribed therein.
We have a team that has ample expertise in external audit services in relation to Companies, Banks, Financial Institutions and others and we have well-trained staff to ensure commitment to quality, control and excellence in audit execution.