The purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles together with Accounting Standards/ IAS and that they represent a true and fair view of the state of affairs of the organization. This is possibly one of the most important functions of a Chartered Accountant where specialized training, skill and judgment are required. CA Charmi Doshi has experience of more than 5 years in the field of Audit. We have stuck to the highest professional standards in delivering Internal Audit, Statutory Audit, Tax Audit, Stock Audit.
The process of obtaining comprehensive understanding of the client’s business, accounting system and internal controls enable us to focus on key areas besides doing the normal audit.
Post audits, We provide our clients with very specific inputs to attain and sustain greater degree of control, Efficiency and effectiveness in various business functions.
Over the years we have specialized in carrying out the internal-management audits of small to big sized business entities. The thrust is to audit for the statutory requirements and also simultaneously report the irregularities and the weakness in the internal control and systems for proper action and rectification.
We offer following Auditing Services
The basic principal of statutory auditing is to ensure that the financial statements give true & fair view and are free from any material misstatements.
We undertake Statutory Audits of Private Limited Companies in the Manufacturing/ Trading/ Service Sectors, IT Companies, Charitable Institutions, NGO, Hospitals, Co-operative Societies and other small and medium sized enterprises.
The main objective of Internal & Management Audits is that it functions as a service to management by providing independent, management oriented advice on an organization's operations and performance and financial services. It aims at the promotion of efficiency, economy and effectiveness of the management processes, and also the reliability and accuracy of operations. We provide better internal audits for any company of any industry.
Tax Audits are carried out under the Income Tax Act, 1961. It is basically the examination of your books of accounts and records to ensure that you are paying the appropriate taxes and also complying with the Income Tax Act.
Difference between Statutory audit and Tax Audit - Stautory audit is audit of complete sets of books of accounts and financial statements prepared by the Management and employees of that organization, whereas , Tax Audit is auditing the matters related only to Tax and confirming that there is no concealment of income, non-payment of tax liability and due and timely payment has been made to Govt in that respect.
Tax Audit for assessment year 2018-19 is compulsory if the total turnover of a person exceeds Rs. 25,00,000 for professionals and Rs. 2,00,00,000 for business.
We Provide tax auditing service with high knowledge and well conversant with the tax laws of the country.