Apart from the statutory compliance, internal audits provide a number of important services to company management. These include detecting and preventing fraud, testing internal control, and monitoring compliance with company policy and government regulation. Companies today need experienced internal auditors to address concerns in risk management, enhance internal controls, execute business plans and meet governance responsibilities. The internal audit functions may be applicable to not only larger companies but also to relatively smaller companies. The risk and impact of any fraud, penalty or wastage may be massive in a smaller company.

Our seasoned audit professionals take a risk-based approach to internal audit with a view to help clients improve performance and operating efficiency.

Banking industry plays a critical role in driving the economic growth. It is closely regulated and supervised to channelize the growth in the desired direction and keep economy in proper shape. The sector helps in overall social good by facilitating the growth that reaches all strata of society. In fact, the sector is helping in the financial inclusion so that the fruits of growth are enjoyed by the economically weaker sections and their overall interests are protected.

The Government and the regulators require credible information from banks to be able to make informed decisions. In this context, statutory audits of banks' financial statements are highly crucial. For quality bank audits, it is essential that the statutory auditors are well equipped in terms of knowledge of the banking sector and keep themselves abreast with the latest developments.

Suresh Anchaliya & Co. have performed various bank audits over the years and strife to continue the same in the years to come.

• Other types of Bank Audit:
• Concurrent Audits.
• Revenue Audit of Banks.
• Branch Audits of Banks.

As per the provisions of section 44AB of the Income Tax, 1961, a Tax Audit in India involves an expression of the tax auditors' opinion on certain financial details, given by an assessee to enable an assessment of its tax, by the Income Tax Authorities. Our dedicated team of trained professionals conducts the tax audit applying the latest judicial pronouncements, amendments, circulars and notifications issued by the CBDT, may be as applicable for various organizations.

International tax issues have never been higher on the political agenda as they are today. The integration of national economies and markets has increased substantially in recent years.

The rising magnitude and diversity of inter-company transactions and transfer pricing regulations, accompanied by increased administration activities by Governments all over the world have made Transfer Pricing a leading risk management issue for global businesses. Transfer pricing has emerged as a critical success factor in corporate strategic planning and executive decision-making. Organizations focused on growth and leadership have acknowledged the crucial role transfer pricing can play in addressing the corporate tax burden, enhancing operational performance, reducing tax compliance and litigation and ultimately increasing cash flows of the business.

Our dedicated team of qualified professionals conducts the transfer pricing audit using the latest judicial pronouncements, amendments, circulars, notifications notified by the CBDT, as may be applicable for various organizations

Value Added Tax (VAT) Audit in India involves an expression of the auditors' opinion on certain financial details, given by a dealer registered with VAT authorities to comply with the provisions of the VAT Laws. As VAT in India is a state subject, the VAT audit compliance varies from state to state. Our devoted team of trained professionals conduct the VAT audits using the latest judicial pronouncements, amendments, circulars and notifications as may be applicable to a dealer registered under relevant VAT authorities.

Today the world is moving towards better systems and processes, to ensure an entity is strong enough to tackle the multitude changes of a changing environment. The world is coming closer due globalization and has made businesses' rethink their strategy with a fresh perspective not only on compliances with domestic laws but also with global procedures. A review of processes and systems becomes indispensable in such an environment.

We conduct a review of systems and process within organizations to critically review that the operations at various levels are flawlessly followed, ensuring effective controls and operating efficiency. We constantly re-engineer our review procedures to meet the increasing expectations of stakeholders and management by navigating the new risk landscape, providing deeper insights and foresight enabling them to cut through the clutter.

The results are reviewed and the key findings along with recommendations are presented to the management of organizations, advising them off continuous improvement strategies.

Social Audits is a process of evaluation and reporting which is similar, in some respects to a financial audit but focuses on social performance rather than financial performance. It is a tool for evaluating how satisfactorily an organization has discharged its social responsibility. Social Audit is a reform tool aimed at strengthening accountability and transparency in the implementation of projects and policies. It is a method for organization to plan the internal and external consequences of the organization's social and commercial operations. Social audits are further gaining importance amongst stakeholders due to compliance to be made by the corporate of their corporate social responsibility under the Indian Laws.

We conduct our audit in a way so as to fulfill both, financial reporting and social responsibility. Our audit not only focuses on financial records and their scrutiny but it is much more holistic which involves measuring, understanding, and improving the social performance of the organization as a whole. We ensure transparency, reduce leakages, force proper spending of funds, generate trust and peace, and create demand-led improvement in services.

We understand and co-relate the concept of corporate social responsibility with our audit engagement to establish a basis of credibility, confidence, and trust in the eyes of the stakeholders, management, and society.

• Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
  
• Audit of PF Trusts, Charitable Trusts, Schools, etc.
• Audit of Co-operative Societies.
• Information System Audit.
• Socio Assurance
• Management Assurance
• Internal Controls and Compliance Audits