AUDIT AND ASSURANCE
A deep & continuous understanding & analysis of your business is our responsibility. The audits, depending upon the nature provides reasonable assurance that the statements are free from Material Errors.
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Audit & Assurance
A deep & continuous understanding & analysis of your business is our responsibility. The audits, depending upon the nature provides reasonable assurance that the statements are free from Material Errors. We are well equipped with a strong team of professionals to tackle all your business problems in the cost-effective manner at the earliest in a customized & professional manner.
Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation.
Audit can be done internally by employees or heads of a particular department and externally by an outside firm or an independent auditor. The idea is to check and verify the accounts by an independent authority to ensure that all books of accounts are done in a fair manner and there is no misrepresentation or fraud that is being conducted.
All the public listed firms have to get their accounts audited by an independent auditor before they declare their results for any quarter. Who can perform an audit? In India, chartered accountants from ICAI or The Institute of Chartered Accountants of India can do independent audits of any organisation. CPA or Certified Public Accountant conducts audits in USA.
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The Institute of Internal Auditors (IIA) defines Internal Auditing as: The internal audit activity helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.”
Stock Audit or Inventory check” is a physical verification of quantities and condition of items held in warehouse. The intention behind this check is to provide an audit or to know the position of existingstock.
Management Audit is an assessment of methods and policies of an organization's management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement.
Operational Audit is a systematic review of effectiveness, efficiency and economy of operation.
Quality audit is the process of systematic examination of a quality system carried out by an internal or external quality auditor or an audit team.
A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines. Independent accounting, security or IT consultants evaluate the strength and thoroughness of compliance preparations.
An investigative audit is the same as a forensic audit. In forensic auditing, accountants with specialized knowledge of both accounting and investigation seek to uncover fraud, missing money, negligence and/or malfeasance.
A due diligence audit is basically a careful investigation into the complete financial picture of a company. Generally, these audits come before a purchase, merger or other major decision.
Departmental Audit is a professional, independent and objective appraisal function that uses a disciplined, evidence-based approach to assess and improve the effectiveness of risk management, control and governance processes.
A Human Resources Audit (or HR Audit) is a comprehensive method (or means) to review current human resources policies, procedures, documentation and systems to identify needs for improvement and enhancement of the HR functions.
A marketing audit is a thorough review of your marketing plan, objectives, strategies, and current activities being executed in your small business.
The Strategic Consultants
CBS Stracon is the Strategic Consultancy Arm of CBS Ventures. We focus on providing the best in industry services to companies and corporates.
Our Services include Internal Auditing, GST Registration, E-WAY Bill Filings, Company Registrations, BPR Reports, Project Reports and many more