At Aftab & Associates, we provide comprehensive audit and assurance services to help businesses enhance their credibility, improve financial reporting, and comply with regulatory requirements. Our team of experienced auditors follows a systematic approach to deliver high-quality audit services.
As one of the leading audit firms in Bengaluru, we understand the importance of maintaining independence and objectivity while conducting audits. Our audit methodology is designed to identify risks and provide valuable insights for business improvement.
Comprehensive statutory audit services to ensure compliance with legal requirements and accounting standards.
Detailed internal audit services to evaluate internal controls, risk management, and operational efficiency.
Specialized tax audit services to ensure compliance with tax laws and regulations.
Customized audit services for specific requirements such as due diligence, fraud investigation, and compliance audits.
With Aftab & Associates, you get more than just compliance-focused audit services. Our approach is comprehensive and value-driven:
A statutory audit is mandated by law and focuses on the accuracy and compliance of financial statements. It is conducted by external auditors like us. Internal audit, on the other hand, is a voluntary process initiated by management to evaluate internal controls, risk management, and operational efficiency. It is typically conducted by internal auditors or outsourced to firms like ours.
In India, all companies registered under the Companies Act, 2013 are required to undergo a statutory audit. Additionally, certain other entities like LLPs with contributions exceeding ₹25 lakhs or turnover exceeding ₹40 lakhs also require statutory audits. The specific requirements may vary based on the type and size of the entity.
Internal audits provide numerous benefits including improved internal controls, enhanced risk management, identification of operational inefficiencies, prevention and detection of fraud, better compliance with laws and regulations, and valuable insights for management decision-making. As experienced auditors in Bengaluru, we can help you design and implement an effective internal audit program.
The frequency of internal audits depends on various factors including the size and complexity of the organization, industry regulations, risk profile, and specific business needs. Some companies conduct continuous audits throughout the year, while others may opt for quarterly, semi-annual, or annual audits. Our audit experts can help you determine the optimal frequency for your organization.
Our audit process typically includes planning and risk assessment, understanding internal controls, substantive testing, evaluation of findings, and reporting. We follow a risk-based approach to focus on areas with the highest risk of material misstatement. Throughout the process, we maintain open communication with management to ensure a smooth and efficient audit experience.
Explore our comprehensive range of professional services:
Expert assistance with income tax filing, planning, and compliance for individuals and businesses.
Learn MoreComprehensive audit services ensuring compliance and providing valuable business insights.
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Learn MoreComplete GST compliance, registration, filing, and advisory services for businesses.
Learn MoreExpert guidance on corporate legal matters, compliance, and regulatory requirements.
Learn MorePersonalized tax planning and filing services for individuals to optimize tax positions.
Learn MoreSpecialized tax solutions for corporations to ensure compliance and minimize tax liability.
Learn MoreComprehensive internal audit services to improve operational efficiency and risk management.
Learn MoreContact Aftab & Associates today for professional audit and assurance services tailored to your business needs. Our team of experienced auditors in Bengaluru is ready to help you enhance credibility and improve financial reporting.
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