Our belief that audit and assurance services are a 'profit centre' rather than a 'cost centre' have also been endorsed by our clients; the testimony of which lies in our decades long association with them. At GKS, we believe that audit and assurance services are an essential tool available to all stakeholders, including the management, to provide greater assurance of information and in-depth understanding of the affairs of an organization.
We constantly strive to raise the bar of expectations from our audit services, to ensure continuous value addition for our clients. Besides ensuring statutory compliances and reporting on the financial statements, we provide expert opinion and insight into various areas like internal controls, legal interpretations, processes and polices, risk management, etc.
Our experienced and well trained professionals have the ability to meticulously examine records without missing the bigger picture. Our distinctiveness lies in our ability to understand the client's business drivers and needs and focus on core risk areas. GKS & Associates is a reputed CA firm in Delhi offering auditing and assurance services in Delhi.
The purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles together with Accounting Standards/ IAS and that they represent a true and fair view of the state of affairs of the organization. This is possibly one of the most important functions of a Chartered Accountant where specialized training, skill and judgment are required.
We undertake Statutory Audits of Public/Private Limited Companies in the Manufacturing/ Trading/ Service Sectors, IT Companies, Nationalized Banks, Financial Institutions.
Every business Company, Firm or Enterprises whose turnover exceeds Rs.1 Crore or total receipts from any profession exceeds Rs. 25 Lakhs in any previous year is required to get its accounts precisely & punctually audited and obtain a report under the section 44AB of the Income Tax Act. Similarly, u/s 44AD where an assessee has declared his net profit less than 8% of its total turnover in that case, the assessee has to obtain tax audit report as prescribed under the law. We have a team of tax professionals to conduct such type of audits.
The focal point is to ensure strong internal & managerial control systems to minimize the risk of accidental or deliberate errors and omissions. Apart from, Safeguarding of valuable assets, Sufficient division of authority over key control areas and stringent compliance with the internal operating policies and corporate governance.
Organizations needs to verify their debtors/stocks or the lender needs to verify its borrowers repaying capacity. We undertake current assets audit to enable companies assure the value of their book debts/stock.