Accounting, also known as, accountancy, is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business" measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.
Audits are all about Checks, Controls and assurance, which may be complied statutorily or even be held voluntarily by the entity to assure the true view of business in terms of finance. You can rely on us for end to end audits and assurance services. Be it related to about Financial Statements, business processes or Information Technology.
We provide the Guidance for Maintenance of Cost Accounting Records prescribed under the Companies (Cost Records and Audit) Rules 2014 and certification as regards maintenance of Cost Records by the company.
Unlike a lot of CA firms, right from the inception of an entity to general corporate matters, guiding companies routinely on their business and legal issues to assisting and advising them in relation to complex transactions. Our well-developed expertise in corporate laws, tax laws, regulatory structuring, and commercial understanding of various sectors enables us to handle the complexities involved in transactions in the most practical manner.
The Section 148 of The Companies Act, 2013 read with The Companies (Cost Records and Audit) Rules, 2014 and Cost and Works Accountants Act, 1959. Cost Audit Provision:- The Central Government to direct the companies specified in the production of goods or provisions of service to include particulars relating to utilization of material or labour or other items of cost in the books of accounts of the company. Cost audit shall be conducted by the cost accountant who is appointed by the Board
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. The GST was launched at midnight on 1 July 2017 by the President of India, and the Government of India. The single tax- Goods and Service Tax (GST) subsumed several taxes and levies, which included central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi
The Companies Act, 2013, mandates internal audits for specific classes of companies to enhance corporate governance and ensure financial transparency. The key provisions regarding internal audit applicability are outlined in Section 138 of the Act and Rule 13 of the Companies (Accounts) Rules, 2014. The Internal Auditor shall be a Chartered Accountant or a Cost Accountant or such other professional as may be decided by the Board. The Internal Auditor can be a person within or outside the organization or a Chartered Accountant or Cost Accountant in Practice.
The MSME sector, often rightly referred to as the engine of economic growth, contributes significantly to employment generation, GDP, regional development and inclusive innovation. In today’s dynamic and frequently volatile economic environment, the perseverance and adaptability demonstrated by entrepreneurs remain both instructive and inspiring. The pivotal role of Cost Accountants (CMAs) in shaping efficient, transparent and strategically responsive MSMEs is well recognized.
Using the vast experience and expertise of the professionals of our Firm, we undertake professional services in any other related professional fields of Accounting, Cost and Management Accounting. We have internal strength in our Firm to carry out such specialized assignments.
Regulation 91E of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandates Social Audit of Social Enterprise engaged in the activities specified under regulation 292E (2) (a) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.