An annual audit event is more than a control procedure or a statutory obligation. It is also an opportunity to provide you with updated insight into your business and insight that could identify potential threats or opportunities that can factor into your plans. We make thoughtful recommendations that allow you a better management of your business.
Audit quality is of fundamental importance to maintain trust in the financial reporting process and the integrity of financial information. The experience of audit teams, covering many industries and service sectors, enables them to focus on key areas of risk, adequacy of internal controls and potential areas of fraud.
Over the years we have specialized ourselves in audit and assurance services. Our approach towards audit is based on regular interaction with the Management, which helps us in providing constructive and valuable feedback on the business of the respective corporate which leads to value addition and how to better achieve their objectives. All our audits begin with a full assessment and understanding of the client's business and operations. This allows us to provide constructive suggestions for improving business strategies, management information and controls. Our examinations are based on statutory requirements and local auditing practices and our procedures comply with the International Standards on Auditing. SSR provides businesses with risk management advice and support, drawing on the resources, expertise and experience. The benefits that will enhance to the client's management from the internal audit service may include, but not be limited to, the following:
- Sound advice on operations, performance and internal controls
- An assessment of whether the procedures adopted comply with the envisioned policies
- An assessment of whether best practices are being implemented throughout the organization
At SSR we provide following Assurance Services:-
1. Statutory Audits
Mandatory Audits conducted under the Indian Companies Act and other Statutes.
2. Tax Audits
Mandatory audits as prescribed under the Indian income tax Act.
3. Internal Audit & Management Audits:-
- Specific purpose/need based audits desired by the Management to review special purpose accounts and providing recommendations for cost reductions in various areas of the clients business.
- Internal control review in order to provide assurance to the Management by evaluating existing controls of an organization and giving effective suggestions for improvement of the same.
- Review of Existing Internal Control and Operation of various Depository Participants, Member of NSE, BSE, MCX, NCDEX and giving effective suggestion for improvement of the same.
4. Bank Audits and other services
We are conducting Bank Audits since 1991. Over the period we have specialized ourselves in field of:-
- Central Statutory Audits of various Co-Operative Banks
- Branch Statutory Audits of various Private sector and Nationalized Banks
- Revenue Audits of various branches of Nationalized Banks
- Stock and Book Debts Receivable Audit on behalf of various Nationalized/Private and Co-operative banks
- Concurrent Audit of various branches of Nationalized/Private Sector Banks
- Depository Audits of various Private Sector, Cooperative Sector Banks.
5. Operational Audit, Physical verification of Stocks and Fixed Assets
We have a vast experience in conducting Operational Audit, Physical verification of Stock and Fixed Asset.
6. Inspection, Investigation and forensic Audit
We also have experience in the field of Inspection, Investigation and forensic audit.
The Partners of the firm are qualified and certified as forensic auditor by Institute of Chartered Accountants of India.
The Firm has conducted more than 250 Inspection on behalf of Central Depository Services (India) Ltd conducted various Investigation and forensic audit.
7. System Audits :
The Partners of the Firm have passed the post qualification course and done diploma In “Information System Audit” conducted by The Institute of Chartered Accountants of India. The Firm has vast experience in system audits.
Vat and GST Audit
Mandatory Audits conducted under VAT and GST Act.
8. Other Assurance Services
Apart from the audit assignment the firm has vast experience in other assurance services like issuance of Certificates and Compliance of various statutes like Income Tax Act, 1961, Wealth Tax Act, Companies Act 1956 &2013, Service Tax Act 1994, The Customs Act, 1962, The Central Excise Act, 1944, Central Sales Tax Act, 1956, Entry Tax, LLP Act 2008, The Securities and Exchange Board of India Act, 1992, FEMA Act 1999, Real Estate Regulatory Act, Provident Fund, ESIC and Labor Welfare Act etc.