TAKE LOOK AT
Accounting Audit Taxation
Statutory Audits
A statutory audit is a legally required review of the accuracy of a company's financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as Accounting records,bak statements and financial transactions. We at Regi Tom Antony & Associates, perform Statutory Audit for Private, Public and Government Companies under The Companies Act, 2013. Our audit practice is compliant with Standards of Quality Control(SQC) set by the Institute of Chartered Accountants of India (ICAI).
Management/Internal Audits
Internal auditing or management audit is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It improves the effectiveness of risk management, control and governance. The scope of the internal audit is as agreed upon with the management and involves topics such as efficacy of operations, cost control, compliance with statutes, safeguarding assets and ensuring the reliability of financial reporting.We provide internal audit professionals to support your company’s internal audit department to conduct risk assessments, execute internal audit plans or assist with special projects. We can also develop and manage your internal audit function as an outsourced service provider.
Our internal audit services include:
1. Risk assessments and internal audit plan development
2. Regulatory compliance audits
3. Construction audits
Bank Audits
Banks are the cornerstone of our economy. They handle huge amounts of public deposits and savings, so they have to be closely monitored and reviewed. Bank audit is one important vertical of Regi Tom Antony & Associates. An auditor carrying out this bank audit have to verify the financial statements of such a banking institution. Regi Tom Antony & Associates performs various audits such as Concurrent Audits, Statutory Audits, Revenue Audits etc. and ensure that the financial accounts truly represent the financial position and condition of the bank.
Income Tax Audits
We render Income Tax Audit and related services at its maximum credibility and secrecy. Each transaction is thoroughly checked by our experts, leaving no margin of error. In order to satisfy the customers, our professionals provide them details related to different taxes imposed on the transactions. They also help the clients in filing tax returns, if required. Further, our professionals combine their knowledge and experience, so as to offer personalized services and consultancy to the customers.
Audits of Trusts/ Non-profit organisations
Nonprofit organizations serve the public using funds contributed and are exempt from paying income tax. Because of their reliance on donors and their tax benefits, nonprofits are held accountable to their donors and governments. There are a number of elements that needs to be taken care of when auditing a Trust or a Non-Profit Organization. We can help your organization to come out of an audit unscathed. Regi Tom Antony & Associates has immense experience in auditing organisations in this league. We are your trustworthy and reliable partner in auditing your Trust/Non-Profit Organization.
GST Audits
As per section GST Act, 2017, Every registered person whose turnover during a financial year exceeds the prescribed limit (As per latest GST rules, the turnover threshold is Rs.2 Crores) shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of audited annual accounts, reconciliation statement under section 44(2) and other documents in such form and manner as may be prescribed before 31st of December of subsequent year. We conduct the audit of books of account under GST provisions covering the following aspects:
1. Review of classification of goods and services as per HSN system
2. Review of outward liability on monthly basis to match the GST returns filed
3. Review of eligible Input tax credit claimed during the audit period
4. Review of tax return filed during the year as per the due dates prescribed
5. Review of reconciliation report and annual return filed
6. Review of exemptions and concessions availed during the period. We ensure to add value to our clients rather than merely a certification authority.
Stock Audits
We are dedicated to provide Audit services such as Stocks and physical assets Audit and verification.Raw materials are critical real assets and needs systematic management. As a large number of companies are operating across the borders through multiple locations and channel partners, stock management is a challenge. We conduct a comprehensive and accurate valuation of inventories by taking into account, physical controls, obsolete inventory, scrap and returned goods.
Maintenance of Accounting Records
Start-ups to established enterprises, all businesses rely on authentic and perceptive financial information in order to keep profitability and take advantage of new opportunities. Our accounting services steer you closer to these target with accurate record-keeping and reporting as well as sustenance on financial issues such as initial accounting system setup, cost-containment, tax planning, investments,employee benefit and profit-sharing plans. We offer highly efficient accounting services on a real time/off shore basis. We, at present, provide accounting services to a wide range of local and international clients.
Individual Tax Planning
Tax Planning is an activity conducted by the tax payer to reduce the tax liability by making maximum use of all available deductions, allowances, exclusions etc. feasible under law. In other words,it is the analysis of a financial situation from the taxation point of view. The objective behind tax planning is assurance of tax efficiency. Tax planning allows all elements of the financial plan to function in sync to deliver maximum tax efficiency. We as experienced practitioners, can reduce your tax liability and help you achieve your financial goals with least outflow of taxes.
Tax Representation
We provide Representation on behalf of you or your organisation before varoius tax authorities which enable you hassle free management of Business.
Statutory Compliance Reporting
Compliance is an ever-changing environment that requires expert expedition. Not to worry, we are the advisors to help you in all compliance matters.
Here's what you can expect from us:
1. Access to regional and local expertise
2. Assured ethical practices with strict timeline adherence
3. Professional support during inspections and audits