Statutory Audit
A statutory audit is a legally required review of the accuracy of a company’s or government’s financial statements and records. An audit is an examination of records held by an organization, business, government entity, or individual, which involves the analysis of financial records or other areas. Rangwala & Co Chartered Accountants has te of expertise to perform Auditing Services & Tax Audit Services including all Statutory & Other Laws Audit services for Income Tax & Others.
Internal Audit
An internal audit offers risk management and evaluates the effectiveness of a company’s internal controls, corporate governance, and accounting processes.. Internal audits provide management and board of directors with a value-added service where flaws in a process may be caught and corrected prior to external audits. Rangwala & Co Chartered Accountants professionals help organizations enhance the effectiveness, quality, and value received from internal audit (IA). Our broad understanding of risks and areas of operational improvement — can help internal audit functions improve their performance and operating efficiency and bring value to their organizations.
Concurrent Audit of Banks
Concurrent audit means a parallel examination of the financial transactions, examination at the time of the happening of the transaction. It is part of an early warning system of a bank for ensuring timely detection of lapses or irregularities. At Rangwala & Co Chartered Accountants we understand that the basic objective and scope of concurrent auditing of banks are to bring transparency and infallibility in the books of accounts,so that we can further help in bringing efficiency and growth in the bank. Similarly, while auditing services are known for their long, complex, and time consuming processes, with our concurrent auditing we provide you with quick results, and our auditors provide faster results and point errors in no time.
Stock Audit of Banks
A stock audit is also known as inventory audit, is the process of verifying whether the physical goods available at your store’s warehouse match the results available at the stock registry. At Rangwala & Co Chartered Accountants our team can help you to, Identify Inventory locations, Review the Bank Agreement Letter. Get a copy of the client’s agreement with the Bank. Check out the warehouse or other storage areas before the physical inventory count so that you know the layout of the land.
System Audit of Banks
In practical terms, systems audit work means examining the key organizational systems, practices, procedures, and controls supporting efficiency, such as performance measurement and reporting systems, costing systems, and management’s systems for benchmarking organizational performance.
At Rangwala & Co Chartered Accountants our auditor examines financial transactions, bank wires, automated clearing house (ACH), and the bank account monetary flow to ensure accuracy, completeness, and timeliness of transaction recording.
Migration Audit
The first and foremost objective of a migration audit is to ensure that the data in the new migrated environment qualifies the integrity and reliability tests. This applies to all types of migration events. Every organisation feels the need to upgrade the system which demands migration of data. And it is very essential to verify the quality of migrated data. At Rangwala & Co Chartered Accountants we provide solutions to make sure that the migrated data is pure and complete for the working effectiveness with the new system.
Compliance Audit
A compliance audit is a comprehensive review of an organization’s adherence to regulatory guidelines. Audit reports evaluate the strength and thoroughness of compliance preparations, security policies, user access controls and risk management procedures over. Rangwala & Co Chartered Accountants is a legal and regulatory management service provider in India, we conduct verification exercises of different Indian Acts and Regulations which are either Central Acts or State Acts that are related to either Labor or Finance, or Economic, or are of pure technical nature for the due diligence of our corporate clients.
Regulatory Audit
Regulatory audit means the audit of a quality system is to demonstrate conformity with a quality system standard and the relevant regulatory requirements. At Rangwala & Co Chartered Accountants Our Audit practice assists clients fulfil a range of compliance obligations by conducting independent audits and reviews of financial information and other data. We help our clients identify incidences of non-compliance and increase confidence in the integrity of the information, systems and processes under review.
Revenue & Expenditure Audit
Revenue expenditure meaning can be defined as the summation of all expenses incurred by a business through the course of production of its goods and services. They are considered significant for generating revenue in a given accounting period. . At Rangwala & Co Chartered Accountant we aim to contribute to stimulating access to finance , by broadening the funding options, encouraging the use of alternative finance, and gathering the supply and the demand within a transnational and marketplace.
