We at Bizzlab provide you one-touch solution for all your business ideas.
New business setup, or existing business, we provide the most experienced advice and services at one platform in minimum budget.
Auditing and Assurance Services
Auditing and assurance services are professional services provided by BizzLab to investigate and evaluate an organization’s financial statements, records, processes, and controls.
The goal of these services is to give an impartial and objective evaluation of the dependability and credibility of financial data and other pertinent data.
Bizzlab offers the following common auditing and assurance services-
Statutory auditing, often known as external auditing or financial statement auditing, is a type of audit mandated by law.
It is carried out to assure the correctness, dependability, and fairness of a company’s financial accounts and reports.
A statutory audit’s principal goal is to provide an independent and impartial assessment on whether the financial statements present an accurate and fair picture of the company’s financial situation and performance.
Key Points For Statutory Audit –
Internal auditing is an independent and objective assurance and consulting activity carried out within a company.
It seeks to add value by assessing and enhancing the efficacy of risk management, control, and governance systems.
Internal auditors serve as internal consultants, assisting organisations in achieving their goals by employing a methodical and disciplined approach to evaluating and improving the efficiency and effectiveness of processes.
Key aspects of internal audit:
GST (Goods and Services Tax) audit is a type of audit that is conducted to verify the accuracy and correctness of the GST-related transactions and compliance with the GST laws and regulations.
Key points about GST audit:
Income tax audit is an examination and verification of a taxpayer’s income tax returns and financial records by the tax authorities to ensure accuracy, compliance, and proper reporting of income and deductions as per the tax laws.
The purpose of an income tax audit is to assess the taxpayer’s income, tax liability, and any other relevant tax-related information.
Key points about income tax audit:
Concurrent audit is a type of real-time audit that takes place concurrently with the regular operational activities of an organization.
It involves continuous and systematic review of financial transactions, processes, and internal controls to provide timely feedback and ensure accuracy and compliance with policies and procedures.
Concurrent audits are most commonly conducted in banking and financial institutions, but they can also be found in other sectors where real-time monitoring is crucial.
Key features of concurrent audit:
We at Bizzlab provide you one-touch solution for all your business ideas. New business setup, or existing business, we provide the most experienced advice and services at one platform in minimum budget.
