Services Details

Audit and Assurance

At B.G. Shetty & Co., we provide comprehensive audit and assurance services designed to ensure that your financial statements are accurate, compliant, and provide a true and fair view of your organization’s financial health. Our audit services are not just about fulfilling regulatory requirements but also about adding value to your business by identifying opportunities for improvement, managing risk, and supporting sound financial decision-making.

Our audit and assurance services are grounded in our commitment to integrity, thoroughness, and compliance with the highest standards of accounting and auditing practices. With more than three decades of experience, CA B.G. Shetty leads a team of professionals dedicated to offering clear insights into your organization’s financial performance.

Our approach to audit and assurance involves a detailed and systematic process:

• Statutory Audits: We perform statutory audits for businesses of all sizes, ensuring that your financial statements comply with regulatory requirements and are in line with applicable accounting standards (such as Indian GAAP or IFRS). This helps maintain the trust of shareholders, investors, and other stakeholders while minimizing the risk of non-compliance.

• Internal Audits: Our internal audits examine the effectiveness of your internal controls, processes, and risk management systems. We assess the efficiency of operations, identify potential vulnerabilities, and offer recommendations to improve internal processes, enhance governance, and prevent fraud or financial mismanagement.

• Tax Audits: In compliance with the Income Tax Act, we conduct tax audits to verify the correctness of your tax filings and ensure you meet your statutory obligations. We examine your financial records and identify any tax-related discrepancies or opportunities for savings, enabling you to manage tax risks effectively.

• GST Audits: Our team performs GST audits to ensure that your GST returns and filings are in compliance with the Goods and Services Tax laws. We review the correctness of GST calculations, filing, and documentation, providing support in addressing discrepancies and minimizing exposure to penalties.

• Forensic Audits: We conduct forensic audits to detect and prevent fraud, embezzlement, or financial mismanagement. Our forensic auditing services are designed to uncover irregularities, investigate discrepancies, and provide a detailed report that can be used for legal proceedings or dispute resolution.

• Compliance Audits: We conduct audits to assess your organization’s compliance with relevant industry standards, government regulations, and company policies. Whether it’s ensuring compliance with environmental laws, corporate governance guidelines, or industry-specific standards, our services help mitigate regulatory risks and safeguard your reputation.

• Management Audits: Our management audit services help assess the effectiveness and efficiency of your management processes, including strategic planning, operations, and resource allocation. We provide actionable insights that can help improve performance, optimize resource use, and enhance overall organizational effectiveness.

• Assurance Services: We provide assurance services such as review engagements, agreed-upon procedures, and due diligence services, which provide a level of confidence to stakeholders regarding financial information or operational processes. These services are particularly valuable for investors, lenders, and other parties requiring reliable, objective information for decision-making.

Our approach is characterized by:

• Transparency and Objectivity: We ensure that our audit findings are presented in a clear and understandable manner, focusing on providing factual, unbiased assessments of your financial situation.

• Tailored Solutions: We understand that each business is unique, so we customize our audit services to address your specific needs and concerns.

• Risk Mitigation: We identify financial risks early in the audit process, enabling you to make informed decisions and implement measures to mitigate potential issues.

• Stakeholder Confidence: Our audit and assurance services help build trust with your investors, regulators, and other stakeholders, enhancing the credibility of your financial information and supporting your business goals.

Whether you're a small business or a large corporation, our audit and assurance services are designed to provide you with reliable financial insights, enhance internal controls, and ensure compliance with all applicable laws and regulations. Our extensive experience and professional approach empower you to manage your finances with confidence.