Audit & Assurance

  • Statutory Audit:Auditing the accounts and records in compliance with internal accounting procedures, Accounting Standards issued by ICAI, Company Law, Tax Laws and other allied laws. 
  • Internal Audit:We emphasizes on ensuring strong internal control systems coupled with risk based internal audit, plans to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of Sandeep Aggarwal & Associates procedures. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value. 
  • Tax Audit:Auditing the accounts and records of an entity in accordance with the provisions of Income tax laws of India and provide disclosures through format specified by Income tax department. Our endeavor is to mitigate the burden of tax and to review that disallowances and deductions if any, under the various provisions of Income Tax Act, 1961 are properly and correctly calculated, so that the income assessable can be computed correctly.
  • Management Audit:Audit as requested by management with focus on a broad spectrum of areas including governance, reviewing special purpose accounts, control risk, cost reduction etc. Our procedures aim to maximize management performance by focusing on processes improvement within the organization e.execution of plans, increasing managerial efficiency, and effective and efficient discharge of duties and responsibilities. It also assists in evaluating variances in end results and planned results under both structured and unstructured environment.
  • Stock Audit:An independent assessment on value of security from checking of records kept for the security includes assessment of drawing power on the date of visit, accuracy of insurance cover for security primary as well as collateral. Also provides general observation on the operations of the borrower.  
  • Information Technology Audit:Audit of the information systems of an entity including its IT governance, security risks, processing of inputs, back-up procedures etc. 
  • Physical Stock Verification:Inventory is physically verified by entity to ascertain its existence and accuracy. Depending on the size and nature of the entity it is verified either frequently or once annually. An independent verification of Inventory is done by us.