Audits

Income tax audit: This is an audit of a taxpayer's income tax return filed with the tax authorities. The objective of an income tax audit is to ensure that the taxpayer has correctly calculated their tax liability and has complied with the relevant provisions of the Income Tax Act.

GST audit: Goods and Services Tax (GST) is a comprehensive indirect tax that is levied on the supply of goods and services. A GST audit is conducted to ensure that the GST returns filed by the taxpayer are correct and in compliance with the relevant provisions of the GST law.

Stock audit: A stock audit is an audit of a company's physical stock inventory. The objective of a stock audit is to ensure that the stock records maintained by the company are accurate and that the physical stock matches the stock records.

Statutory audit: A statutory audit is an audit that is mandated by law. For example, companies in India are required to have a statutory audit conducted annually as per the Companies Act, 2013. The objective of a statutory audit is to ensure that the company's financial statements give a true and fair view of its financial position and performance.

Concurrent audit: A concurrent audit is an audit that is conducted during the course of regular business operations. The objective of a concurrent audit is to ensure that the company's financial transactions are recorded accurately and in compliance with the relevant accounting standards and company policies. This type of audit is typically conducted on a regular basis and helps to identify and rectify errors or irregularities in real-time.