Compliance Audit

Compliance Audit is a broad sector, and K K Baranwal & Associates caters to various client needs. Whether it is Tax Audit or an audit under the Foreign Exchange Management Act, 1999, K K Baranwal & Associates covers a wide range of audits:

1. Tax Audits: In India, entities undergo audits under the Income Tax Act, 1961, and the Goods and Service Tax Act, 2017. The applicability is based on the entity’s sales turnover. Aplite, now K K Baranwal & Associates, has gained expertise in tax audit filings, providing comprehensive analysis and suggesting improvement measures.
2. Secretarial Audits: K K Baranwal & Associates conducts audits under various acts and rules, including the Companies Act, 2013, Securities Contract (Regulation) Act, 1956 (SCRA), Foreign Exchange Management Act, 1999, and others. Our seasoned professionals are skilled to carry out these audits, ensuring compliance with regulations and preventing legal actions.
3. Human Resource Audits: These audits evaluate the practices, documentation, controls, policies, and procedures of the Human Resource Function. K K Baranwal & Associates has a history of delivering HR audit services, helping organizations streamline their internal functions and ensure the efficient management of human resources.
4. Bank Audits: Banks, being critical financial institutions, are subject to numerous regulations and industry standards. K K Baranwal & Associates has been providing bank audit services, understanding the intricacies of the banking industry, and ensuring that all compliance requirements are met.

Give K K Baranwal & Associates a call today, and our team will guide you further!

Benefits Of Contract Compliance Auditing Services:

1. Cost-Effective Accounting Services: K K Baranwal & Associates provides contract compliance audit services at affordable prices, helping organizations manage additional expenses related to auditing. This ensures cost-efficiency and potentially increases the return on investment for the company.
2. Access to Experienced Professionals: By hiring K K Baranwal & Associates’s contract audit services, clients gain access to a team of experienced accountants and bookkeepers without incurring extra fees. The professional team handles all auditing tasks with precision and expertise.
3. Scalability: K K Baranwal & Associates recognizes that not every company has the capacity for a dedicated accounting department. Outsourcing contract compliance audit services allows companies to scale their operations efficiently without significant cost differences.
4. Increased Flexibility: Outsourcing auditing services to K K Baranwal & Associates provides companies with greater flexibility to meet various business needs. This allows organizations to focus on other essential operations while relying on professional audit services.
5. One-Stop Solution: K K Baranwal & Associates, as a leading audit and contract compliance service provider, acts as a one-stop solution. From professional bookkeeping to comprehensive auditing, the experienced team ensures that they add significant value to clients’ businesses. The excellent audit services elevate the overall functioning of the business.

The Procedure of Internal and Vendor Audit Services:

At K K Baranwal & Associates, our expert knowledge ensures that every step in the audit services procedure falls under the right category. Here is an overview of the steps involved:

1. Design an Audit Program: Our team at K K Baranwal & Associates assists clients in designing customized audit programs. Utilizing different templates, we guide clients in understanding audit control points and selecting the audit population. This ensures the maintenance of a proper track for Statutory Audit Services, creating a mutually beneficial situation for both clients and K K Baranwal & Associates.
2. Conduct Internal and Vendor Audits: K K Baranwal & Associates is renowned for providing transparent and thorough internal and vendor audits. Our unique technology defines the process, ensuring the most relevant results.
3. Review Existing Audits: Our dedicated team pays extra attention to reviewing existing audits. This comprehensive review provides valuable insights into the company’s previous workings, contributing to continuous improvement in subsequent audits conducted by K K Baranwal & Associates.
4. Track Vendor Expirations: At K K Baranwal & Associates, we meticulously track the expiration of vendor compliance in our Auditing Services. This proactive step significantly contributes to the efficiency of the annual audit process.