The concept of auditing focuses on the verification aspects of data originating from accounting practice followed by the organization with the objective of determination of its accuracy and reliability when an accounting statement is studied matching with the records maintained by the organization.
The emphasis of auditing is to offer constructive support as a result of which the future financial reporting is worthwhile to devise its time based regulation influencing good corporate governance. This is important because learning from the past the required changes can be affected in the interest of maintaining independence and objectivity. There should be the open options available to improve upon the safeguards and updating the reforms.
The businesses are governed by the Government rules in force which are subject to modification year to year basis, these rules move around the basic fundamentals which never change. The auditor always takes into account the investor’s expectations demanding absolute accuracy, completeness and fairness in information presented to them through financial statements and the respective disclosures highlighting the objectives of corporate governance while summing up the performance.
Auditing holds prominence and is responsible for maintaining the public confidence about the companies and financial system which is followed by them.
Since the corporate reporting environment is not static and there are internal and external forces which bring about fast changes the auditing also needs to be responsive to these changes taking place and devise measure to cope up effectively with the changes being witnessed at relatively fast pace. The investor’s skepticism can be well looked if the corporate information is scrutinized on all the days of the week besides the correctness of the non-financial information should be ensured before it is released to the public.
The Purposeful Achievements through Audit:
The audit function is responsible to report quality, consistence and independence necessary for assuring the true compliance in respect of reporting standards prescribed by ICAI the body regulating the practices of the profession. The auditing practice identifies issues related to internal management and their vital insight can reveal hidden challenges which can be tackled effectively and ensured that they do not interfere in the proper growth of business.
Our organization has the required strengths and courage to conduct absolutely fair audit by gaining in depth knowledge and understanding of the business as well as the industry at large and strictly adhere to the prescribed regulatory standards. We also take into account the possible risks the company may face and how the management is equipped to exercise their control over the risk factors. At the same time maintenance of integrity and transparency is ensured in the preparation of reports for circulation to the shareholders of the company.
Jambu Agrawal & Associates always stress on audit intrinsic factors like: transparency, independence and quality through their advanced techniques deployed in all the services rendered to its clients ensuring true compliance in respect of professional standards in return the stakeholders and the clients feel satisfied and benefitted.
Functionin of Our Audit Team:
Performs Tax Audit under Sec.
The Category of clients served by us: