Auditing Services

Auditing Services

Auditing is not just a statutory requirement—it’s a tool for business improvement, financial transparency, and risk mitigation. At Neetu Aggarwal & Associates, we offer a comprehensive range of auditing services that go beyond compliance to add value and insight to your business operations. Our audits are conducted with strict adherence to regulatory standards and tailored to your industry-specific needs.

Statutory Audits

Statutory audits are mandated under various laws such as the Companies Act, and they ensure the true and fair presentation of financial statements. Our team conducts thorough audits in line with the latest auditing and accounting standards.

Services Include:

• Audit of financial statements under applicable laws

• Preparation of audit reports and disclosures

• Compliance verification with company law provisions

• Identification of control weaknesses and recommendations

Internal Audits

Internal audits help organizations strengthen their internal control systems, detect irregularities, and improve operational efficiency. We offer risk-based internal audits tailored to your organizational structure and business processes.

Scope of Services:

• Evaluation of internal controls and governance practices

• Process audits and risk assessments

• Fraud detection and prevention recommendations

• Regular internal audit reporting for management review

Income Tax Audits

Required under Section 44AB of the Income Tax Act, a tax audit ensures accurate reporting of income and deductions. We ensure seamless execution of your tax audits, avoiding potential penalties and scrutiny.

Our Offerings:

• Review of books of accounts and related documents

• Preparation and filing of Form 3CA/3CB and 3CD

• Compliance checks with income tax provisions

• Guidance on allowable deductions and disclosures

GST Audits

GST audits ensure that your indirect tax compliances are in order and help identify potential liabilities or areas of overpayment. We conduct GST audits as per Section 35(5) of the CGST Act (as applicable) and internal GST reviews for large taxpayers.

Services Include:

• Reconciliation of GSTR returns with books of accounts

• Verification of input tax credit claims

• Detection of mismatches, gaps, or excess payments

• Filing of audit reports and recommendations

Stock Audit

A stock audit helps businesses validate inventory levels and controls. It is particularly useful for lenders, manufacturers, traders, and retailers to ensure accurate inventory valuation and minimize losses.

Audit Covers:

• Physical verification of inventory

• Reconciliation with stock records and ERP systems

• Assessment of slow-moving or obsolete stock

• Inventory control system evaluation

Bank Audit

We conduct bank audits in compliance with RBI guidelines and standards issued by the Institute of Chartered Accountants of India (ICAI). These audits help ensure the integrity and accuracy of financial reporting within banking operations.

Our Bank Audit Expertise Includes:

• Statutory audits of bank branches

• Concurrent audits

• Revenue audits and forensic reviews

• Compliance checks for regulatory requirements