Auditing & Assurance Services
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At Prakash k Prakash, the audit is employed as an effective management tool. Our process of appropriately planning an audit empowers us with the opportunity to focus our time and efforts to the important areas of accounts and control. This approach enables us to keep our time cost to a minimum and also ensures the accuracy of the audit by gaining a complete understanding of the client̢۪s business, accounting system and internal controls. Over the years we have gained extensive expertise in carrying out the internal management of small to big sized business entities.
The various types of Auditing Services rendered by us
Statutory Audits - We carry out Statutory Audits of Public/Private Limited Companies in the Manufacturing/ Trading/ Service Sectors, IT Companies, Nationalized Banks, Financial Institutions, Non-Banking Finance Companies, Public Sector Undertaking (PSU), Charitable Institutions, NGO,  Hotels, Hospitals, Cooperative Societies and other small and medium sized enterprises.Tax Audits - We provide a team of mature tax experts to conduct audits of every business Company, Firm or Enterprises whose turnover exceeds Rs.40 Lakhs or total receipts from any profession exceeds Rs.10 Lakhs in any previous year. These organizations are required to get their accounts accurately & punctually audited and thereby obtain a report under the section 44AB of the Income Tax Act.Internal & Management Audit - The crucial point is to maintain strong internal & managerial control systems to minimize the risk of accidental or deliberate errors and omissions. Besides these, safeguarding of valuable assets, sufficient division of authority over key control areas and stringent compliance with the internal operating policies and corporate governance are some other areas being taken care of by us.Information System Audit (IS Audit) - IS Audit appraises the appropriateness of internal controls with regard to specific computer programs and the data processing environment as a whole. Our team consisting of experienced computer professionals and qualified system Auditors (DISA) take into account whether computer systems safeguard assets, maintain data integrity and allow the goals of an organization to be achieved effectively and efficiently.
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