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Auditing and Assurance
Comprehensive Audit Services Tailored to Your Business Needs.
At Somesh Chandak & Associates, we offer a wide range of audit services to meet the diverse requirements of businesses. Our team of experienced auditors possesses in-depth knowledge and expertise to deliver accurate, reliable, and insightful audits. We specialize in the following types of audits:
- Statutory Audits:
Conducting audits in compliance with the applicable provisions of the Companies Act, ensuring that financial statements provide a true and fair view of the company's financial position.
- Tax Audits:
Conducting tax audits as required by the Income Tax Act, ensuring accurate reporting of income, deductions, and compliance with tax regulations.
- GST Audits:
Performing GST audits to verify the correctness of GST returns, reconciling input tax credit, and ensuring compliance with GST laws and regulations.
- Internal Audits:
Evaluating the effectiveness of internal controls, risk management systems, and operational processes to enhance efficiency, identify areas of improvement, and mitigate risks.
- Compliance Audits:
Assessing compliance with specific laws, regulations, and industry standards to ensure adherence and mitigate legal and regulatory risks.
- Financial Statement Audits:
Conducting comprehensive audits of financial statements, including balance sheets, income statements, and cash flow statements, to provide an independent assessment of their accuracy and reliability.
- Systems and Process Audits:
Reviewing and evaluating the efficiency, effectiveness, and integrity of information systems, operational processes, and internal controls to identify weaknesses and recommend improvements.
- Due Diligence Audits:
Performing thorough financial audits and investigations during mergers, acquisitions, or investments to assess financial risks, identify potential liabilities, and provide valuable insights for decision-making.
- Special Purpose Audits:
Conducting specialized audits tailored to meet specific needs, such as forensic audits, grant-specific audits, or audits of specific projects or transactions.
Our audit professionals follow a systematic and comprehensive approach, utilizing advanced audit methodologies and tools to ensure accuracy, reliability, and adherence to professional standards. We provide valuable insights, identify areas for improvement, and offer recommendations to enhance your financial processes and controls.
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