Audit & Assurance

a) Tax Audit
The Income Tax Act, 1961 requires the books of accounts of persons carrying on business or profession to be audited in accordance with the provisions of the act in this regard, where the turnover or gross receipts exceed the limit specified therein. Such an audit is mandatory in nature and is to be conducted by a Chartered Accountant.
RYAN & Associates has been providing audit services in this regard over the last 2 years and has rich experience and expertise in the field.
 
b) Statutory Audit for Companies
Statutory audit of companies in India is prescribed by the Companies Act, 1956. It comprises of reviewing compliance with accounting procedures, provisions of company law, tax laws and other related laws & standards and guidelines as recommended by the Institute of Chartered Accountants for India, in line with international accounting norms. Besides we analyse and report on the performance of the company to the board of directors through meaningful ratios, cash flows and other analytical tools.
 
The Statutory Audit team at RYAN & Associates has been an integral part of the firm for over 2 years. Acknowledging the responsibility thrust on us as auditors, we observe the highest ethical and professional standards while discharging our duties as statutory auditors of a company.
 
c) Internal Audit and Concurrent Audit
Internal Audit is a management tool used to review and evaluate the operations of the entity and guide the management in the initiation of corrective action. Our internal audit team works in an independent and objective manner to add value and improve an organization’s operations through our audit and assurance services.
Concurrent audit involves the examination of financial transactions to verify if they have been conducted in accordance with the systems and procedures laid down.
 
d) Management Audit
Management audit is an assurance service offered by RYAN & Associates, which involves the analysis and assessment of competencies and capabilities of a company's management in order to evaluate their effectiveness, especially with regard to the strategic objectives and policies of the business. It guides the management to focus on areas of concern and works towards improving competitive edge and operational efficiency.
 
e) VAT and Service Tax Audit
Value added tax (VAT) and service tax are the most significant indirect taxes that every business entity encounters in the course of doing business. Under the VAT and service tax system, a major thrust is laid on the 'Self-Assessment' of tax liability by the assessee. Hence arises the need for an independent auditor to audit business entities from the VAT and service tax angle. Our team of professionals facilitates the determination of any under or over assessment made by the assessee, through the appropriate interpretation and application of the VAT and service tax provisions by offering VAT and service tax audit services.
 
 
 
     
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