Audit Services

Who this is for

• Companies requiring statutory audit under company law
• Entities subject to tax audit under Section 44AB of the Income Tax Act
• PF trusts, charitable trusts, schools and co-operative societies
• Banks requiring revenue or branch audits

Common situations

• Annual statutory audit is due
• Turnover has crossed the tax-audit threshold under Section 44AB
• Board wants an internal audit to review controls and processes
• A trust, society or school needs its financial audit completed

What Medal Tax handles

1. 01In-depth analysis of existing systems, procedures and controls
2. 02Compliance assurance against company policy and statutory requirements
3. 03Financial review against GAAP, applicable Accounting Standards and IFRS
4. 04Expense verification to guard against misstatement
5. 05Operational efficiency assessment
6. 06Fraud detection and revenue-leakage identification
7. 07Certification of financial statements
8. 08Statutory audit of companies
9. 09Tax audit under Section 44AB of the Income Tax Act, 1961
10. 10Audits under other sections of the Income Tax Act
11. 11Concurrent audits
12. 12Revenue and branch audits of banks
13. 13Audit of PF trusts, charitable trusts, schools and co-operative societies
14. 14Information system audit
15. 15Internal audits

Frequently asked questions