Audit services are professional services that examine and evaluate a company’s financial records and statements to ensure accuracy, compliance, and transparency.
Types of audit services:
- Statutory Audit: Required by law, this is a mandatory audit to verify a company’s financial statements are accurate and fair.
- Internal Audit: This focuses on a company’s internal controls, risk management, and governance processes to improve efficiency and compliance.
- Tax Audit: This audit ensures a company’s tax returns and financial dealings are compliant with tax laws.
- Financial Audit: An independent examination to provide an opinion on the fairness of an entity’s financial statements.
- IT Audit: This type of audit focuses on a company’s information technology systems and controls to ensure data integrity and security.
External Audits:
External and Statutory audits and
Certifications
IFRS, ICFR and SOX compliance audits
Tax audits
GST audits
Trust and Retention Audits
Internal Audits
Internal control framework
Internal audits
SOX Compliance reviews
Management audits
Operational audits
Complex financial/functional audits
Inventory and fixed assets audit
Assessing control gaps audits
Revenue assurance and revenue
optimization review audits
Cost control and cost optimization review
audits
Profit maximization audits
