Audit & Assurance
Independent examination of financial records and systems to ensure accuracy, compliance, and transparency.
D K T S & Co
We believe in going beyond the fundamentals to provide comprehensive, strategic solutions for your business needs. Our approach involves fostering strong relationships, staying informed about the latest developments, and ensuring that all regulatory requirements are met. Whether you're starting a new venture or managing an established business, we focus on guiding you through complex challenges with a commitment to accuracy, compliance, and long-term success.
Services Details
Audit and assurance services are essential for ensuring the credibility and reliability of financial information presented by an entity. These services are governed by the Companies Act, 2013, the Income Tax Act, 1961, and other regulatory frameworks, depending on the nature of the entity and the type of audit.
The firm undertakes various types of audits, focusing on evaluating the accuracy of financial statements, verifying compliance with statutory requirements, and providing insights into internal control systems and financial risks.
The scope includes:
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Statutory Audits under the Companies Act, 2013, for private and public companies, in compliance with reporting standards issued by the ICAI
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Tax Audits under Section 44AB of the Income Tax Act, including preparation and filing of Form 3CD
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Internal Audits to evaluate internal controls, operational efficiency, and risk management processes
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Management Audits and reviews focused on financial performance and cost-effectiveness of business operations
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Concurrent Audits for banks and financial institutions, ensuring real-time verification of transactions
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Special Purpose Audits for regulatory submissions, due diligence, or grant utilization
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Trust and NGO Audits as per the requirements of the respective Trust Acts and funding agencies
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Forensic Audits and investigations for fraud detection or financial irregularities
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Preparation of audit reports in accordance with Standards on Auditing (SAs) issued by ICAI
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Advisory on rectification of audit observations and compliance improvements
The audit process is conducted independently, with professional scepticism and adherence to regulatory norms, aiming to enhance the reliability of financial information and stakeholder confidence.
Working with D K T S & Co
- Commitment to Excellence: We prioritize delivering solutions that maintain the highest standards of quality and precision.
- Transparency and Integrity: Building trust and maintaining clear, open communication is at the core of our approach.
- Cost Efficiency: Our solutions help reduce operational costs by optimizing resources and minimizing inefficiencies.
- Streamlined Business Operations: By handling key aspects of your business needs, we allow you to focus on your core competencies and growth.
- Compliance Assurance: We ensure your organization remains up-to-date with all regulatory requirements, mitigating risk and ensuring smooth operations.