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A trusted name in the business, Lekhakar is a top financial audit company that brings you expertise in audit and assurance services.
Ensure that your business is in line with industry standards with our internal audit assurance services that include:
A legally mandated audit that most companies need, Statutory Audits involve a review of all pertinent financial documents. The main idea behind conducting statutory audits are:
Prevent any misappropriation of funds.
Ensure the accuracy of all financial records.
Maintain regulatory compliance.
Improve the confidence of all stakeholders.
Adhere to Government norms with Statutory Audit services by Lekhakar.
To evaluate a company’s control and internal checks over its functions, conducting an Internal Audit is essential. With a broader scope, it covers financial, operational, compliance, and IT functions. Conducting regular Internal Audits does the following:
Identify areas of improvement and increase business efficiency.
Look into the business design and ensure better Corporate Governance.
Identify potential risks and gaps in business accounting services and mitigate them.
Catch any mismatch in records and check for fraud.
Boost your business efficiency with Lekhakar’s Internal Audit and Assurance Services.
All Indian companies are subjected to certain tax norms which include:
Income Tax (IT) paid on profits made during the present financial year.
Security Transaction Tax (STT) during the buying and selling of shares or investing in stocks, derivatives, and mutual funds.
Dividend Distribution Tax (DDT) on dividends paid to the investors.
Goods and Services Tax (GST) on the sale of all goods and services sold and availed.
Check if your company is meeting all tax compliance requirements with Lekhakar’s expert services.
All companies, especially those dealing in products, need to take stock of all the materials they hold in their warehouses as well as at their locations. Regular Stock Audits ensure:
Accurate reporting of current inventory.
Better operational control and reducing overhead costs.
Optimize your inventory with expert assistance from Lekhakar.
Also done to comply with industry standards, Compliance Audits have a key difference from Statutory Audits - they are meant for functions other than finances. With regular Compliance Audits, your company gains the below:
Identify deviations from regulatory standards, if any.
Report violations and take necessary corrective action.
Ensure transparency and accountability in functions.
Want to meet Compliance needs? Let Lekhakar’s experts take a look at your operations.
All companies need to keep up with Labor Laws for the well-being of their employees as well as for legal compliance. An Audit of Employee Benefit Plans reveals that all standards set by the government are being met. This usually includes the below:
Remunerations of each employee and payments made for their benefit.
Contributions made by each party toward pension, insurance, and more.
Identifying liabilities and obligations towards employees.
Accounting for all administrative expenses.
Make sure your company is following all standard HR practices with Lekhakar.
These can be taken up as an independent function or as part of Internal Audits. They aim to serve the following purposes:
Identifying hazards that can occur at any stage of the business.
Ensure the quality of products and services offered.
Protects the interests of the shareholders.
Though you can take it up as a part of an Internal Audit, this is best done as a surprise visit.
Take a deeper look at your company’s functions with Lekhakar.
Each company has defined methods with which they approach tasks. By implementing proper SOPs, you get:
Better control and streamlined operations.
Take up QC checks with ease.
Maintain legal and operational compliance.
Get expert advice from Lekhakar’s professionals to review and revamp your SOPs.
Third-party Audits are often requested to get an unbiased view of the workings of a company. When these are called, you need to prep your company and ensure the following:
All your internal audit information is accessible and available.
Test your SOPs and internal controls.
Set up proper channels of communication with the audit team.
Lay down the scope of the audit.
Inform your stakeholders that the company is undergoing a third-party audit.
Get expert help to prep your company for the next third-party audit with Lekhakar.
With a scope ranging from internal checks to financial reviews and decision-making, auditors check all necessary documents and provide an attestation to certify their validity. Our auditors take up the below:
Review all relevant documents, financial statements, inventory records, SOPs, and others.
Compile a thorough report consisting of findings and recommendations.
Attest the validity and authenticity of each document and report.
Let Lekhakar’s trained and certified accountants provide the best Internal Audit and Assurance Services.
As one of the best financial audit companies, we provide auditing services that are tailor-made to suit your company. Our expert team of CAs, Financial advisors, and advocates make sure that every aspect relevant to your company and its operations is in line with industry standards.
Make sure your stakeholders receive impartial, reliable, and accurate information with Lekhakar.
What kind of assurance do financial audit companies offer?
When signing any contract or going through a document, it is essential that said document is accurate and reliable, and does not have any hidden clauses and conditions. This is true for all documents pertaining to contracts, loans, legal papers, and reports.
Certified Public Accountants (CPA) ensure business transparency, risk mitigation, and facilitate decision-making by auditing these documents. This is the basis of the assurance that is provided by financial audit companies.
How often should we organize a financial audit?
The frequency of conducting an audit will vary as per the scale of your business and regulatory needs. To keep with minimum norms, audits should take place at least once a year. Further, they can be done from time to time to keep up with compliance needs.
Will internal audit assurance services help improve my business?
We all want our business to be smooth and efficient. To ensure this, a periodic/ annual audit can be very helpful. This will help you identify functional risks and boost your performance.
How lengthy is an internal audit?
This can vary a lot based on your business size, scope of the audit, and complexity. For simple businesses, an audit can be completed in a week or so. On the other hand, if you are running a business that has multiple levels and functions, operates across several sectors, and faces numerous regulatory criteria, a detailed audit can take months to complete.
