Audits

PAC provides a wide range of audit and compliance services to its clients.

Every Company registered under Companies Act 2013 is required to get it’s Financials Audited by a Practicing Chartered Accountant in India. Audited Financials are to adopted by shareholders in Annual General Meeting of company the due date for AGM is 6 months from the close of financial year.
PAC provides the quality audit services as required under regulatory framework of Government of India and Companies Act 2013 as per auditing standards generally accepted in India. The experienced and skilled professionals support the clients to fulfill the statutory requirements done within the stipulated time period.

A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year. However, a taxpayer may be required to get their accounts audited in certain other circumstances.
PAC provides tax audit services to its clients for the return and deposit of income tax within the stipulated time declared by the Income Tax Department.

A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year. However, a taxpayer may be required to get their accounts audited in certain other circumstances

PAC provides quality advice on the modification of existing organizational policies, plans and processes through skilled and experienced personnel.
Analysis of Risk Management System of the organization and providing the measures to strengthen the same.
Review of the organizational controls at each departmental level and suggesting the measures to strengthen the same.
Active analysis of the current operations of the organization and suggesting the best measures to improve the same keeping the needs and goals of the organization in focus.
Providing the framework for the effective implementation of change required in the organization.

Stock audit, also known as inventory audit, is a crucial process undertaken by businesses to verify the accuracy and existence of their inventory or stock. It involves a comprehensive examination and assessment of the quantity, quality, valuation, and management of goods or materials held by an organization.
PAC has conducted various stock audits in different warehouses of clients like Modicare, and also done various stock and debtors audit on behalf of various banks for their OD Accounts.
PAC provides a comprehensive stock audit from verification of physical stock with system quantities along with valuation of inventory, identification of obsolete or slow-moving stock, detection of fraud and theft and compliance with regulatory requirements.
PAC also follows a detailed stock audit process which starts from planning of audit followed by physical verification of stock, review of documents, inventory valuation method to applied whether FIFO or LIFO or weighted average cost. Reporting of findings of stock audit and after audits follow-ups which ensures that management takes necessary corrective actions based on the recommendations provided in audit report.

Simplify Compliance
Focus on Growth

Take the first step toward clarity and compliance. Reach out today for audits, taxation, and advisory solutions tailored to your needs.