Accounting, Audit & Assurance Services

The services rendered by the firm in this area comprise of audits of several large corporate in private as well as public sector, banks, financial institutions, partnership firms, charitable organizations, proprietorship businesses etc., under the following Indian laws:

  • Companies Act, 1956
  • Income Tax Act, 1961
  • Bombay Public Trusts Act
  • Goods & Services Tax Laws
  • Banking Regulation Act
  • Insurance Act
  • Co-operative societies Act

Statutory Audit/Tax Audit includes various Public Limited and Private Limited Companies engaged in Steel, Petroleum, Civil construction, Software Development, Ship-breaking, Banking, Insurance, Engineering, Trading, Consultancy etc.

Some of major accounting and audit client includes Spykar Lifestyles, Painterior (India), Shree N M Electricals, Institute of Chemical Technology, Maharashtra State Warehousing Corporation, Sportz Interactive, IIT Bombay-Donation account. IndAS implementation and preparation of consolidated financials statements under IndAS includes SMC Infrastructure, Kohinoor planet constructions etc.

Bank Audits: We have experience of statutory audit, internal audit, concurrent audit, inspection audit of following banks;

  • Bank of India
  • Bank of Baroda
  • Union Bank of India
  • Dena Bank
  • Indusind Bank
  • Deccan Merchant Co-operative Bank
  • Thane Bharat Sahakari Bank Limited
  • The City Co-operative Bank Limited
  • Bank of Madura Limited
  • Kurla Nagarik Sahkari Bank

Some special assignments like stock inspection, verification of staff loan etc., have completed for Indusind Bank and Allahabad Bank. Some audit clients of Public Sector corporate engaged in Insurance, Cottage industry, Finance etc. such as

  • United India Insurance, Vapi Branch
  • Central Cottage Industries Corporation Limited, Mumbai Branch
  • National Insurance, Goa Branch
  • Oriental Insurance Limited
  • Air India Charters Limited
  • Agricultural Finance Corporation
  • Regional Centre, National Afforestation and Eco Development
  • Board, Ministry of Environment and Forests, Govt. of India.
  • Agricultural Technology (ATMA)
  • Indian Oil PF Trust

Some audit client includes Educational Institution and Trusts such as

  • Institute of Chemical Technology (ICT), (Formerly UDCT)
  • Yashwantrao Chavan Academy of Development Administration (YASHADA)
  • ICL Education Society, New Mumbai - (4 schools and 3 colleges)
  • Kalpataru Education Society, Bhandup (School and college)

Assisted in setting up of complete accounting and Internal control system and Management Information systems, pursuant to the privatization of the irrigation projects of Krishna Valley of the Maharashtra State Government.

Attestation work required under various statutes:

The services rendered by the firm in this area include certification work under various statutes, such as certification for withholding taxes at the time of remittance to non-residents, certificate of net worth and turnover to various clients, certificates required under excise, customs, GST laws, corporate laws and under exchange control regulations, utilization certificates to Govt. autonomous bodies like Maharashtra Jeevan Pradhikaran.

 
     
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