Audit and Assurance

Our audit philosophy

Auditing is a highly complex process, and the importance of auditors as a vital link in the financial reporting chain and their role as trusted advisors has increased manifold in the present era. Audit professionals of "V S P G" provide a range of audit and advisory services to assist clients in achieving their business objectives, managing their risk and improving their business performance. Using audit tools as prescribed by Institute of Chartered Accountants in various Auditing Standards enables “V S P G” audit professionals to deliver the assurance service quality and excellence. In delivering these services we adhere to the highest standards of independence, professional objectivity and technical excellence. Our audit approach is applied consistently over all clients, while providing the flexibility to serve the unique circumstances and complexities of our clients. Our audit approach focuses on understanding the clients’ global business and control issues from the inside out. It combines a rigorous risk assessment, diagnostic processes, audit testing procedures as well as a continuous assessment of our clients’ service performance

Coverage of Services:

We provide Audit services in various fields that are listed below:

STATUTORY AUDIT

The statutory audit is carried out in accordance with the provisions of the Companies Act, 2013, Indian Accounting Standards and other Standards of Auditing along with the guidelines as issued by the Institute of Chartered Accountants of India time to time.

INCOME TAX AUDIT

It is carried out in accordance with the specified provisions of the Income Tax Laws of India. It involves providing the relevant disclosures in the prescribed form and formats.

INTERNAL AUDIT

It is carried out to assure the organizations to accomplish its objectives by providing it with a Systematic and disciplined approach in the day to day functions involved in the working of an organization

TRANSFER PRICING AUDIT

It is carried out in accordance with the specified provisions of the Income Tax Act of India which involves the preparation of a report by providing the disclosure of the relevant information in the specified formats.

AUDIT OF INTERNAL CONTROL OVER FINANCIAL REPORTING

It is carried out in accordance to Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by ICAI and applicable provisions of Companies Act 2013.