Comprehensive Audit Services: Statutory, Tax, IND-AS, and Internal Audits

At Sangamesh and Associates, our Auditing and Assurance services uphold financial integrity. With meticulous examination, we ensure accuracy, compliance, and transparency in financial operations, offering stakeholders confidence in reporting. Our expertise fosters informed decision-making, risk management, and adherence to regulatory standards for sustained organizational growth.

Statutory Audit Services

Our team of qualified financial experts efficiently conducts statutory audits, ensuring compliance with legalized norms and regulations. Our services provide accurate and fair views of an organization’s financial statements, instilling confidence in our clients.

Tax Audit Expertise

Auditing financial statements in accordance with Indian Income Tax laws and relevant regulations, we offer comprehensive tax audit services. Our detailed disclosures through specified formats ensure adherence to statutory requirements.

IND-AS Compliance

For Indian entities of foreign corporations and medium-large Indian corporations, compliance with New Indian Accounting Standards (Ind-AS) is crucial. We conduct extensive reviews, advisory, and impact analysis to ensure full adherence to these standards.

System & Management Audit

Evaluate and enhance organizational systems and management practices to ensure efficiency, effectiveness, and alignment with strategic objectives.

Concurrent and Income & Expenditure Audit

Real-time examination of financial transactions, ensuring adherence to budgets and financial controls for sound fiscal management.

Bank Statutory Audit

Thorough examination of a bank's financial records, operations, and compliance with regulatory requirements.

Stock Audit

Verification and assessment of a company's physical inventory to ensure accuracy and prevent discrepancies.

Forensic Audit

In-depth investigation and analysis of financial records to uncover and address fraud, misconduct, or irregularities.

Due Diligence

Comprehensive examination of a business's financial, legal, and operational aspects before a transaction, providing informed decision-making for stakeholders.

Our internal audit services aim to identify areas for improvement within business operations. Committed to adhering to statutory rules and regulations, our expert consultants evaluate risk management, control, and governance processes, providing strategic insights for decision-making.

Effective internal audits are instrumental in evaluating and improving risk management, control, and governance processes. We recognize the strategic importance of internal auditors’ perspectives on operations, risks, and opportunities. We assist in fraud risk management, offering recommendations for improvement and emphasizing realistic solutions.

Risk Assessment and Development of Risk-Based Audit Plan

Identify potential risks and devise a strategic audit plan that prioritizes risk mitigation for robust organizational resilience.

Evaluating the Adequacy of Internal Controls

Scrutinize internal control systems to ensure they are robust, effective, and capable of safeguarding against potential risks and irregularities.

Recommendations for Control Improvements

Propose enhancements to internal controls, optimizing systems to bolster operational efficiency and minimize vulnerabilities.

Assessing Compliance with Policies and Procedures

Thoroughly examine adherence to established policies, procedures, and best practices to ensure alignment with organizational objectives.

Ensuring Compliance with Legal and Contractual Obligations

Verify and guarantee adherence to legal requirements and contractual commitments, mitigating legal risks and ensuring organizational integrity.

Reviewing Operations/Programs for Consistency with Objectives

Evaluate operational effectiveness, ensuring outcomes align with predetermined objectives and that programs are executed as planned for optimal results.

Discover unparalleled expertise in Auditing and Assurance at Sangamesh and Associates. Our seasoned professionals are ready to guide you through meticulous financial examinations, ensuring compliance, transparency, and informed decision-making. Contact us today to initiate a tailored consultation and elevate your financial processes to new heights of excellence.