Compliance Audit is carried out with the intention of determining whether the procedures or regulation set by relevant authorities have been followed or otherwise.

Compliance Audits would determine whether the accounting personnel or say purchase/sales department employees are complying with the well settled procedures lay down by the company. Similarly a Compliance audit may be conducted on the behalf of Bankers or Stock exchanges to examine whether the terms of contractual agreements with the relevant authorities have been followed or not.

Typically the reports of such Audits are given to specified persons or authorities who are seeking assurance in the concerned matter.

An Internal Audit is designed to review what a company is doing in order to identify potential threats to the organization’s health & profitability and to make suggestion for mitigating the risk associated with those threats in order to minimize the costs.

It helps an organization accomplish its objectives by bringing a systematic & disciplined approach to evaluate and improve the effectiveness of risk management, control and management. Internal audit plays a pivotal role in improving an organization’s effectiveness and efficiency by providing reasons for deviations from the laid down internal control procedures & effective measures to overcome them. The scope of internal auditing within an organization is broad and may involve areas such as the efficacy of operations, the reliability of financial reporting, detecting and investigating fraud, safeguarding assets, optimum utilization of the organization’s resources and compliance with laws and regulations.

A.P.NAGPAL AND COMPANY has catered to a number of clients from different sectors over the period of time by helping them in strengthening existence, operation & adherence to their internal control system & bringing about an all-round development. It has been our firm belief that a substantial cost cutting can be affected by ensuring a regular and periodic internal audit.

Statutory Audit are those as required by the Statue. They can be of various types as per different Acts.

• Statutory Audit of All Private & Public Limited Companies under Companies Act.
• Statutory Audit of Charitable & Religious Trust under Trust Act.
• Statutory Audit of Housing Societies as per Society Bye Laws.
• Statutory Audit of Banks under Banking Regulation Act.
• Tax Audit u/s 44AB & 44AD as per Income Tax Act.
• Vat Audit under the MVAT Act etc.

With our strong background & vast experience we ensure the timely completion of such audits to completely satisfy your statutory commitments & obligations.