Auditing & Assurance Services

At K A R M & Associates, Chartered Accountants, we offer a comprehensive range of auditing and assurance services to our clients. An audit is an essential component of accountancy practice, involving the examination and verification of accounting ledgers and financial statements within corporations. Our team of experienced professionals conducts audits with the highest level of diligence and attention to detail, ensuring that our clients receive accurate and reliable financial information.

The field of auditing is rapidly evolving and has become increasingly computerized, relying on sophisticated random sampling methods. As a result, our team remains up-to-date with the latest developments in the field to ensure that we provide our clients with the most effective and efficient auditing solutions possible.

Our auditing services encompass a wide array of sectors and industries, allowing our Chartered Accountants to gain valuable experience and expertise in a variety of domains. Some of the audits we conduct in a professional environment include:

• Statutory Audit: A statutory audit is mandated by law and involves the examination of a company's financial statements to ensure that they comply with legal requirements and are accurate and reliable.

• Internal Audit: An internal audit is conducted within an organization to assess its internal controls, financial processes, and risk management systems.

• Tax Audit: A tax audit is carried out to verify a taxpayer's compliance with tax laws and regulations and to ensure that the tax returns are accurately filed.

• Concurrent Audit: A concurrent audit is conducted in real-time to ensure that the financial transactions are accurate and comply with established policies and procedures.

• Management Audit: A management audit is a comprehensive evaluation of an organization's management practices and processes.

• Certifications: We provide certification services for various financial documents, including balance sheets, profit and loss statements, and financial statements.

• Stores Compliance Audit: A stores compliance audit is conducted to ensure that an organization's stores and inventory management comply with established policies and procedures.

• Stock Audit and Inventory Valuation: A stock audit is conducted to verify the physical stock of an organization and to determine the accuracy of the inventory valuation.

• Fixed Assets Verification: A fixed assets verification audit is carried out to verify the existence, location, and condition of an organization's fixed assets.

At K A R M & Associates, Chartered Accountants, we are committed to providing our clients with the highest level of professionalism, expertise, and quality in auditing and assurance services. Our goal is to help our clients achieve their business objectives while maintaining transparency and accountability in their financial practices.