Internal Controls and Audit
Dynamic laws, regulations, and economic shifts globally emphasize the importance of statutory audits, involving independent analysis of organizations’ financial statements.
Auditing & Assurance Services
The businesses worldwide are changing rapidly as a result of dynamic laws, regulations and the economic environment. This places significant importance to statutory audits prescribed under various statutes. An audit requires detailed analysis of the financial statements of the organisations on an independent basis
We, at Jay Mehta & Co. ensure that the financial statements are analysed after proper understanding of the business and market factors affecting the organisation and the audit approach is customised to suit the client needs.Our team consists of experts updated with ever changing statutory requirements to stay ahead of the loop. Audit can be of various types and we are equipped to manage them all for our clients:
- Statutory Audit
An objective examination and evaluation of the financial statements of an organization to make sure that they present a fair and true picture of the state of affairs of the Company in compliance with the provisions of the Companies Act 2013 and rules framed there under and conforming to all the applicable Accounting Standards.
- Tax Audit
As per income tax act, every person whose turnover/gross receipts exceed a prescribed threshold limit is mandatorily required to get his accounts audited. Also any charitable entity who has obtained exemption registration u/s 12A and 80G also needs to submit an Audit report.
- Others Audits
Internal Audit, Stock Audit, Fixed Asset Audit, etc.
