VSARK & Associates provides comprehensive Audit & Assurance services designed to ensure the accuracy and legality of financial information. Their approach targets to increase the reliability of financial reporting and helps stakeholders to make decisions. With increasing regulatory requirements, disclosure norms stakeholders need some professional audits and reports other than traditional audit to make better decisions. Our Audit and Assurance service professionals provide a range of audit and advisory services to assist clients in achieving their business objectives, managing their risk and improving their business performance.
Statutory Assurance
In India, there are many type of entities as Sole Proprietorship, Partnership Firm, LLP, AOP, BOI, Company, Trust, Non-profit Organization, Co-operative Societies, etc. All these organizations are regulated under various statutory acts, which require financial assurance and certification. The complexity of the regulatory environment coupled with risks faced by such organizations calls for the need for greater transparency in disclosures, stricter liability and accountability of executives and operational management towards the stakeholders. In such an environment of competitive pressures and increased attention to Corporate Governance the importance of Statutory Assurance has enhanced. Vsark & associates is insightful to the needs of such organizations and uses its expertise ensuring adherence with the provisions of applicable laws and their certifications
Statutory Audits
A Statutory Audit of the financial statements requires an auditor to provide reasonable assurance that the accounts and financials have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and Standards on Auditing (SAs), and that they are free from misstatements and errors. Vsark & associates uses a combination of predefined procedures and controls to obtain audit evidence and provide the statutory assurance function for non-corporate entities based on the applicable statute and laws relevant to them.
Tax Audits
Vsark & associates being a dedicated team of trained professionals conducts the tax audit keeping in mind the latest judicial pronouncements, amendments, circulars, notifications and tax accounting standards notified by the CBDT. We change complex tax audit into a small and simple pre planned audit.
Internal Audits, special audits and socio audits
Risk management is a big concern for both audit committees and senior management in corporate internally. Companies today need experienced internal auditors to address concerns in risk management, enhance internal controls, execute business plans and meet governance responsibilities. Apart from the statutory compliance, internal audits provide a number of important services to company management. These include detecting and preventing fraud, testing internal control, and monitoring compliance with company policy and government regulation. Smaller companies may require these functions even more than large companies. A small business simply cannot afford employee fraud, waste, or a government fine. Establishing an internal audit function provides a vital step in the growth of a small business. Our experienced audit professionals take a risk-based approach to internal audit with a view to help clients improve performance and operating efficiency. We go beyond traditional fundamentals and add tangible value. We work to build internal audit into a strategic and productive tool in today's corporate governance environment.
