Audit and Assurance

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  • An annual audit event is more than a control procedure or a statutory obligation. It is also an opportunity to provide you with updated insight into your business and insight that could identify opportunities or potential threats that can factor into your plans. We make thoughtful recommendations that allow you a better management of your business.
  • Audit quality is of fundamental importance to maintain trust in the financial reporting process and the integrity of financial information. The experience of audit teams, covering many industries and service sectors, enables them to focus on key areas of risk, adequacy of internal controls and potential areas of fraud.
  • Over the years we have specialized ourselves in audit and assurance services. Our approach towards audit is based on regular interaction with the Management, which helps us in providing constructive and valuable feedback on the business of the respective corporate which leads to value addition and how to better achieve their objectives. All our audits begin with a full assessment and understanding of the client’s business and operations. This allows us to provide constructive suggestions for improving business strategies, management information and controls. Our examinations are based on statutory requirements and local auditing practices and our procedures comply with the International Standards on Auditing. SS&A provides businesses with risk management advice and support, drawing on the resources, expertise and experience.

    • At SS&A we provide following Assurance Services:

    1. Statutory Audits:

      2. Mandatory Audits conducted under the Indian Companies Act and other Statutes.

    2. Tax Audits:

      3. Mandatory audits as prescribed under the Indian income tax Act.

    3. Internal Audit & Management Audits:

      4. Specific purpose/need based audits desired by the Management to review special purpose accounts and providing recommendations for cost reductions in various areas of the client’s business.

      Internal control review in order to provide assurance to the Management by evaluating existing controls of an organization and giving effective suggestions for improvement of the same.

    4. Bank Audits and other services:

      5. We are conducting Bank Audits since 1991. Over the period we have specialized ourselves in field of:

      • Central Statutory Audits of various Co-Operative Banks
      • Branch Statutory Audits of various Private sector and Nationalized Banks
      • Stock and Book Debts Receivable Audit on behalf of various Nationalized/Private and Co-operative banks
    5. Operational Audit, Physical verification of Stocks and Fixed Assets:

      6. We have a vast experience in conducting Operational Audit, Physical verification of Stock and Fixed Asset.

    6. GST Audit:

      7. Mandatory Audits conducted under GST Act.

    7. Other Assurance Services:

      8. Apart from the audit assignment the firm has vast experience in other assurance services like issuance of Certificates and Compliance of various statutes like Income Tax Act, 1961, Companies Act 2013, The Customs Act, 1962, LLP Act 2008, The Securities and Exchange Board of India Act, 1992, FEMA Act 1999, Real Estate Regulatory Act, Provident Fund, ESIC and Labour Welfare Act etc.