1. Statutory Audit

Audit of accounts to review the accuracy of a company’s financial statements and records to determine the true and fair view of its financial position in accordance with the applicable statues i.e Companies Act, 2013 and Income Tax Act, 1961.

2. Internal Audit

We at Rao Associates conduct an Internal Audit as per the Internal Auditing Standards issued by ICAI. Evaluation of a company’s internal controls systems including its corporate governance approach, accuracy of the accounting process and ensuring statutory compliances to facilitate operational efficiency by identifying concern, correcting lapses, accurate and timely financial reporting in accordance with the Standard of Internal Audit (SIA) issued by ICAI.

3. Risk Based Audit

We offer Comprehensive risk-based audit services tailored to your organization's specific needs. Our experienced team employs advanced methodologies to identify and assess risks, allowing us to provide insightful recommendations for risk mitigation and enhanced controls. By focusing on key risk areas, we ensure that our audit services are efficient, effective, and aligned with your strategic objectives

4. Management Audit

Assuring the effectiveness of management in different functional areas. Critically review utilization of organizational resources, the organization structure, budgeting procedures and accomplishment of goals

5. Concurrent Audit

Ensuring real time transactional level examination and early detection in glaring oversights/ fundamental errors, irregularities which also helps in averting fraudulent transaction and preventing vigilance in Banks and PSU’s.

6. Due Diligence Audit

Analysis and review of financial health, performance and position of a business entity, to prevent harm to either party involved in a transaction to reach at an informed judgement and facilitate accurate and efficient decision making.

7. Operational Audit

Systematic and independent analysis of an entity’s operative effectiveness, identify areas of cost reduction, identify shortcomings in time and money to run a profitable business and report the impact on performance of the business in its ordinary course.

8. Compliance Audit

Compliance audit of the entity’s adherence to legal and regulatory requirements to mitigate the risk that is attached to non-compliance under the Transfer Pricing Regulation, GST Audit and Tax Audit.

Other Audit Services

• Certification under various laws.
• Compliance under the Foreign Exchange Management Act, 1999 (FEMA).