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Audit & Assurance

The firm endeavors to understand the clients and their business needs before working for Audit and Assurance Services. The financial records and documents of a company represent the integrity of its management and thereby making audit & assurance an important function.

Our audit strategy places a strong emphasis on having a thorough understanding of the customers’ business philosophy, people resources, and operating processes. Additionally, our auditing methodology contains best practices that are tailored to each organization’s capabilities.

We offer a range of auditing and assurance services to businesses, organizations, and trusts. Verification of the evidence, vouchers, and certifications is part of the audit.

Generally an Audit Contains the Following Things:

A thorough examination of current practices, methods, and controls is necessary for comprehension. suggestions for strengthening and improving.
Ensuring adherence to laws, rules, and regulations.
A thorough examination to confirm that the accounts are prepared in conformity with the applicable Accounting Standards/IFRS and Generally Accepted Accounting Principles.
Examining the accuracy of the expenses recorded in the accounting.
Revealing inefficiencies at any level of operation.
Finding income leaks, stopping them, and recommending remedies to stop them from happening again.
Confirmation that the balance sheet and profit and loss account match the books of accounts.
Issuing audit reports in accordance with relevant legislation.

Type of audit and assurance service handled by SNC:

Statutory Audit: This includes the statutory audit of companies, as required under the Companies Act, and of other assesses. The emphasis is given on the true and fair view of the accounts and compliance with accounting standards and laws.

Internal Audit: An internal audit is an important part of efficient management. It provides a tool against the key issues being faced by an organization and also to enforce the implementation of policies.

Tax Audit: We conduct the audit required as per the Income Tax Act for corporates and incorporates.

Other audits: We also undertake the special compliance audits required to assess the status of secretarial or legal compliances. We also undertake special assignments having a limited scope as defined by the client.