Audit and Assurance

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Audit

Audit

A statutory audit is the one that is professionally carried as mandated by a law or statute. The core reason for this audit is to determine the true and fair position of the company in the books of accounts and finance.

We at A D D S & Associates LLP, have a team of professional and experienced auditors for carrying out the company’s statutory audit. We also provide services in relation to tax audit as mandated by Income tax Act 1961.

We identify the risks that help to achieve the organisation’s goals and missions. Being an experienced and professional team of CA, we help you manage the risks that are necessary and help you set the goals.

By conducting internal audit in most professional manner and applying most advanced and sophisticated audit techniques and methodology we help management achieve their objectives. As mandated by Companies Act, 2013, an Auditor is required to comment on Internal finance Control of the company. We help to establish and review the internal control system of your firm in a very genuine way.

Review

Review & Attest

We have a great experience in the field of ‘Attestation’ that helpus to provide you with quick and trustworthy solutions for reviews and attestation requirements. In performing a review, our professionals analyse procedures, make inquiries, and obtain management representations.

Planning and Advisory on Structure Determination for Proposed ventures, Services and projects.

Stock Audit

Stock Audit / Inventory Audit

Stock Audit is a process of physical verification of the physical stock maintained in the storehouse of the company and matches the result with the stock registers maintained by the company.

Stock audit enables the true picture of the financial position of the company as the stock that requires replacement or repairment can be worked on efficiently thereby saving the company from any kind of financial loss.

Stock audit is a statutory process which every business institution needs to perform at least once in a financial year.

As far the stock audit process is concerned, the process mainly involves the counting of physical stock presenting the specified premises and verifying the same with computed stock maintained by the company.

The reason and purpose behind executing this is to correct the discrepancies present in the book stock when compared to physical stock by passing necessary adjustment entries. We offer reliable stock audit services to companies and organizations with a dedication and aim to help them safeguard and monitor their physical assets and inventories.

Blogs

Latest Blogs

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24

2023

Delay in payment to MSME ? Income tax will not allow the expenditure

What is the change? Budget 2023 has proposed an amendment under Income Tax Act, to allow deduction of purchases / expenses only if payments are made to MSME supplier within the limit specified und ...

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Advance Tax – Last Installment Due – 15th March

Attention all taxpayers in India! Just a friendly reminder that the due date for the last installment of advance tax is approaching. If you're having an estimated tax liability of Rs. 10,000 or more, ...

December

02

2022

Digital Rupee : India’s Digital Currency

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