Sandeep K Singh & Associates, Chartered Accountants
Audit involves:
Indepth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening.
Ensuring compliance with policies, procedures and statutes.
Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
Checking the genuineness of the expenses booked in accounts.
Reporting inefficiencies at any operational level.
Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
Issue of Audit Reports under various laws.
Audit Services
Types of Audit:
Statutory Audit of Companies
Tax Audit under Section 44AB of the Income Tax Act, 1961.
Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
Concurrent Audits.
Revenue Audit of Banks.
Branch Audits of Banks.
Audit of PF Trusts, Charitable Trusts, Schools, etc.
Audit of Co-operative Socities.
Information System Audit
Internal Audits.
Accounting System Design & Implementation
Financial Accounting
Budgeting
Financial Reporting
MIS Reports
Financial Analysis
Asset Accounting Management
Depreciation and Amortization Schedules
Expert Accounting Services
Corporate Finance
Preparations of Project Reports
Preparation of CMA data for bank loans
Private placement of shares, Inter-Corporate Deposit, Terms loans, working capital limits, etc
External Credit Borrowings (ECBs)
Business Process Outsourcing (BPO) Services
Taxation Advisory and Services
BPO Services include
Purchase order (PO) creation
Accounts payable processing (two-way and three-way matching)
Accounts receivable management
General ledger (GL) accounting
Reconciliations (Bank, Vendor, customer)
MIS, physical asset and inventory verification, among other related activities
Certification
Direct and Indirect (Goods & Services) Taxes
Consultancy on various intricate matters
Effective tax management, tax structuring and advisory services.
Tax planning and structuring for Corporates and others.
Designing / restructuring salary structure to minimize tax burden.
Obtaining Advance tax Rulings.
Obtaining NOC from the tax department.
Obtaining PAN/ TAN/ GST Regn. for assessees, employees etc.
Advance tax estimation and deposit.
Assessing the liability towards deferred taxes.
ITR computation and filing
Representation services before the Tax Authorities and Appellate forum
Consultant