RVINDRA DHAWALE AND ASSOCIATES
CHARTERED ACCOUNTANTS

To most organizations, the annual statutory audit in India represents a time- and resource-consuming process, but which is needed because it is mandatory. Our experienced and client-oriented audit team focuses on making the entire auditing process painless and as free from glitches as possible. Our audits add value to our client’s business since we take pains to isolate any resource wastage or errors in accounting and bring it to the client’s attention immediately. We also ensure that the audits are completed well ahead of time, leaving our client with ample opportunity to review the reports before submission.

Our audit team includes some of the best statutory auditors in India and goes through the entire process with expertise and efficiency. Our services include providing assistance with the preparation of financial statements to clarify that the company’s dealings have been fair and in accordance with the regulations. We also provide suggestions regarding a company’s financial and accounting procedures that make the system more robust and efficient. Any tax regulations that impact the client are also taken into account while advising.

Internal audits are chiefly about reviewing financial transactions, but they should not be limited to that. Our team comprising of professional auditors reviews the company’s financial strategy and provides suggestions that add value to the organization. By making suggestions that align the organization’s financial strategies with its goals, we ensure that the business is more robust and efficient and optimized to meet the company aims. Thus, audit becomes a tool to not only look back, but also something that can be used to gain more insight into the future of the business and how it can be improved upon.

Internal audits are chiefly about reviewing financial transactions, but they should not be limited to that. Our team comprising of professional auditors reviews the company’s financial strategy and provides suggestions that add value to the organization. By making suggestions that align the organization’s financial strategies with its goals, we ensure that the business is more robust and efficient and optimized to meet the company aims. Thus, audit becomes a tool to not only look back, but also something that can be used to gain more insight into the future of the business and how it can be improved upon.

Government audit is applicable to Government departments and departmental undertakings. Government of India maintains a separate department known as Accounts and Audit Department. Comptroller and Auditor General of India heads this department. In India the President appoints the Comptroller and Auditor General of India under Article 149 of the Constitution, which gives the powers and rights and fixes his responsibility for the audit of Government departments and institutions.

Government audit is divided into several branches like Agriculture, Defence, Railways, Posts and Telegraphs audit. It works only for government offices and departments. This department cannot undertake audit of non-government concerns. Its working is strictly according to government rules and regulations.

Goods and Service Tax (GST) represents a almost Complete portion of indirect taxes paid by most business organizations. Being a transaction-based tax, the organization is required to maintain records accurately and with adherence to the regulations laid down for the same at both the State and Central level. Since the emphasis in India is of ‘self-assessment’ under the GST system, the assesse needs an independent auditor to evaluate its liability. Our team makes the process as quick and painless as possible while ensuring that the VAT assessment made by our clients is neither under, nor over, with regards to the proper GST provisions.

Special Investigation audits are sometimes required to ascertain certain facts or to pinpoint the root cause of a lapse or irregularity. Our team comprises of experienced professionals who take a disciplined approach to such special audits and ensure that no detail is missed out in the process of investigation.