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Audit and Assurance

An Audit is much more than just numbers. It’s about attesting to accomplishments and challenges, helping to assure strong foundations for future aspirations. A constantly evolving audit and assurance process, leveraging leading-edge technology, to deliver high-quality services efficiently and effectively that upholds integrity and drives value by focusing on what matters.

Our auditors address complex accounting matters, transactional events, finance organizations, internal financial controls, and an ever-expanding range of topics that result from market disruption.

We are continually adapting our service offerings so that you can be ready to act with confidence as markets evolve. For V P R A, assurance is more than a reactive matter. Our Assurance services do more than simply look at past events and performance to issue a report.

We take a proactive approach, addressing the entire ecosystem of variables that decision-makers must consider. We provide value and insight that build confidence and unlock opportunities. It is one of the fundamental ways we help individuals and organizations Aspire with Assurance.

Our Audit and Assurance Services Include

Statutory Audits

We Provide Audit Assurance services to the Management and Shareholders of those Organizations that are obligated to get their financial Statements / Books of Accounts audited by Chartered Accountants under Various laws of the Land namely The Companies Law, LLP Act, Cooperative Societies Act, etc.

Tax Audits

In our audit firm, we conduct tax audits for Corporate and Non-Corporate entities, Non-Profit Organizations under the Income Tax Law, Goods and Service Tax Act etc.,

Internal and Management Audits / Systems and Process Audit

  • Internal Auditing Service in recent years has emerged as an integral part of the control process within many organizations. Our internal auditors evaluate stakeholder's expectations of internal audits and assess the current internal audit structure.
  • The subject of Corporate Governance has been a dominant theme for several years and is now closely aligned with risk management and the delivery of control statements as part of the annual financial reporting process.
  • We provide a comprehensive evaluation of internal controls, systems, and processes in organizations and recommend areas for improvement
  • Our audit services are customized as per client requirements. The scope of the audit is defined as per the internal controls and is carried out with specific emphasis on Cost Reduction, arresting Revenue leakage, and focusing on statutory compliance

Information System audit

  • Reviewing IT General Controls (ITGC) for entities including Logical Access, Change Management, Physical Security, Backup and Recovery Controls, etc.
  • Segregation of Duties (SOD) Reviews
  • Evaluation, definition and implementation of risk , governance and regulatory compliance initiatives for IT functions.
  • Implementation of Governance, Risk & Control (GRC) Framework.
  • Support services for Business Continuity and Disaster Recovery Planning
  • Focus on helping clients to optimize and secure technology so that it serves the business effectively and enhances results.

Forensic Audit

  • Our forensic audit service is undertaken at the specific request of the management, private equity funds, or regulators to detect fraud, misappropriation of resources, bribery, misconduct, or other financial irregularities.
  • Experienced and qualified subject matter experts are capable of handling forensic and investigative assignments with prodigious ability.

Our Audit and Assurance Service Includes

Statutory Audits

We Provide Audit Assurance services to the Management and Shareholders of those Organizations that are obligated to get their financial Statements / Books of Accounts audited by Chartered Accountants under Various laws of the Land namely The Companies Law, LLP Act, Cooperative Societies Act, etc.

Tax Audits

In our audit firm, we conduct tax audits for Corporate and Non-Corporate entities, Non-Profit Organizations under the Income Tax Law, Goods and Service Tax Act etc.,

Internal & Management Audits / Systems & Process Audit

  • Internal Auditing Service in recent years has emerged as an integral part of the control process within many organizations. Our internal auditors evaluate stakeholder's expectations of internal audits and assess the current internal audit structure.
  • The subject of Corporate Governance has been a dominant theme for several years and is now closely aligned with risk management and the delivery of control statements as part of the annual financial reporting process.
  • We provide a comprehensive evaluation of internal controls, systems, and processes in organizations and recommend areas for improvement
  • Our audit services are customized as per client requirements. The scope of the audit is defined as per the internal controls and is carried out with specific emphasis on Cost Reduction, arresting Revenue leakage, and focusing on statutory compliance

Information System audit

  • Reviewing IT General Controls (ITGC) for entity including Logical Access, Change Management, Physical Security, Back up & Recovery Controls etc.
  • Segregation of Duties (SOD) Reviews
  • Evaluation, definition and implementation of risk, governance and regulatory compliance initiatives for IT functions.
  • Implementation of Governance, Risk & Control (GRC) Framework.
  • Support services for Business Continuity & Disaster Recovery Planning
  • Focus on helping clients to optimize and secure technology so that it serves the business effectively and enhances results.

Forensic Audit

  • Our forensic audit service is undertaken at the specific request of the management, private equity funds, or regulators to detect fraud, misappropriation of resources, bribery, misconduct, or other financial irregularities.
  • Experienced and qualified subject matter experts are capable of handling forensic and investigative assignments with prodigious ability.

Bank Audits

We are impanelled with Various Banks and render the followings Services

Statutory Audits

We are the Branch statutory auditor of a leading public sector bank. The audits have been conducted by the guidelines issued by the Reserve Bank of India and The Institute of Chartered Accountants of India. Our approach has been based on stratified sampling drawn based on the exposure of the banks and the past performance of the branches. We have also verified the controls from an information security risk perspective.

Concurrent Audit

As part of the concurrent audit, in our audit firm, we verify compliance with various requirements of the RBI regulations including KYC norms, AML Guidelines compliance to systems and controls, and documentation. Our approach is from a systemic perspective and we identify potential non-performing assets with suggested mitigation measures.

Information System Audit

Our team has been involved in the information systems audit for a leading financial institution besides carrying out Information Systems Audit for branches of Public Sector Banks. The audit involved the testing of various controls and verification of compliances including the functioning of the Disaster Recovery Site (DRS) and the Business Continuity Plan (BCP).

Stock Audit

We have conducted stock audits of Borrowers of various Public and Private Sector Banks. We have exposure in industries including textile, leather, engineering, software, wholesale, retail, and educational institutions.

Revenue Audits

Our audit firm has conducted revenue audits for various branches of PSU Banks. We have identified areas of revenue leakages and suggested mitigation methods.

Bank Audits

We are impanelled with Various Banks and render the followings Services lorem

Statutory Audits

We are the Branch statutory auditor of a leading public sector bank. The audits have been conducted in accordance with the guidelines issued by the Reserve Bank of India and The Institute of Chartered Accountants of India. Our approach has been based on stratified sampling drawn on the basis of exposure of the banks and past performance of the branches. We have also verified the controls from an information security risk perspective.

Concurrent Audit

As part of the concurrent audit, we verify compliances to various requirements of the RBI regulations including KYC norms, AML Guidelines compliance to systems and controls and documentation. Our approach is from a systemic perspective and we identify potential non- performing assets with suggested mitigation measures.

Information System Audit

Our team has been involved in the information systems audit for a leading financial institution besides carrying out Information Systems Audit for branches of Public Sector Banks. The audit involved the testing of various controls and verification of compliances including the functioning of the Disaster Recovery Site (DRS) and the Business Continuity Plan (BCP).

Stock Audit

We have Conducted stock audits of Borrowers of various Public and Private Sector Banks. We have exposure in industries including Textile, Leather, Engineering, Software, Wholesales, retail and Educational Institutions.

Revenue Audits

We have conducted revenue audits for various branches of PSU Banks. We have identified areas of revenue leakages and suggested methods for mitigation.