Audit and Assurance Services

We at J.Sivakumar & Co believe that phenomenal benefits can arise from an annual audit. We are able to adapt our accounting and audit procedures to fit the individual needs of our clients, rather than sticking to one process. Our firm operates with all major software packages to match and adapt our technical processes with your requirements.

‘Globalization’, also entails uniformity in financial reporting and disclosure norms

In this scenario J Sivakumar & co Audit and Assurance Services help clients

Audit and Assurance Services

  • Audit and Assurance Services
  • manage riskmanage risk
  • strengthen controls
  • accomplish goals.
  • Believe in continuous monitoring on month to month basis , a phenomena preferred by MNCS in the days of Multiple controlling and regulatory issues.

Nature of Assurance services include

  • Tailor made to cater to the individual management needs
  • Enable managements to meet challenges and opportunities
  • Banks - Concurrent / Specilised audits and Stock & Receivable audit - Contituents , Risk control and survelance audits .
  • Advices on day to day basis on regualtory issues like Fema , Indirect taxe matters like service tax and vat
  • Government Audits

BANK AUDITS

Bank Audits have been one of the key services J Sivakumar & co offers in the practice of AAS. Governed by Reserve Bank of India, J Sivakumar & co has been empanelled as Category I audit firm with respect to the branch statutory audits. In almost all public sector banks in India, J Sivakumar & co has been consistently conducting

  • Concurrent audits
  • Revenue audits
  • Inspection
  • Stock audits
  • Other areas of assurance

GOVERNMENT AUDITS

J Sivakumar & co is empanelled as auditors for public sector enterprises, with the Comptroller and Auditor General of India, the supreme audit institution of Government of India.

STOCK AUDITS

Current Assets Audit (called 'Stock Audits') is done on behalf of Banks and other lending institutions:
Money is leant mainly against primary securities like inventories and receivables. Periodically accuracy of the current asset records and their valuation are subjected to audit by the lending institutions.
This is a specialized job. J Sivakumar & co carries out audits of current assets-mainly inventory and receivables-on behalf of banks and other lending institutions.

TAX AUDITS

Tax Audit involves an expression of the tax auditors’ opinion on the veracity of certain factual details, given by assessee to the Income Tax Authorities to enable an assessment of tax.
J Sivakumar & co endeavor is to review the computations, disallowances and deductions if any, under the various provisions of Income Tax Act, 1961 and so that the income is assessed correctly.