K P N & CO

Statutory Audits

A statutory audit is a legally required review of the accuracy of a company's or government's financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.

Here are few instances of the Audits we do...

  • Tax Audit in accordance with the requirements of Section 44AB of the Income Tax Act, of India.
  • GST Audit in accordance with the requirements of section 35(5) or section 65 or section 66 of the CGST Act, 2017
  • A full scope Statutory Audit of the financial statements of the organization in accordance with the Generally Accepted Accounting Principle (GAAP) as per Indian Companies Act.
  • Foreign Exchange Remittances Certificate (Form 15 CB/CA)
  • Special Purpose Audits & Investigation
  • Government Audits
  • Satutory & Financial Audit required under any laws in India.

Services to Banking Sector

K P N has worked and equipped to provide services to the Nationalized / Co-operative banks in India in following :-

  • Statutory Audit
  • Concurrent Audits
  • Risk Based Internal Audit
  • Risk Management System for Banks
  • Risk Assessment / Profiles
    • Credit Risk Management
    • Market Risk Management
    • Operational Risk Management
  • Collateral Inspections & Stock Audits
  • CIS Audits (I.T. and Information System Audit)
  • Viability Studies / Monitoring sick / unhealthy units
  • Revenue Audits

Internal & Operational Audit

We believe that optimizing Return together with Risk is a key element today in enhancing any company's valuation. We provide Solutions to manage these key risks, which threaten company's returns by conducting effective RISK BASED Internal Audit. We specialize in carrying out such internal audits under ERP environment. We, generally, focus on :-

  • Assessment of control environment
  • Systems and procedural controls
  • Value adding suggestions on:
    • Business process improvements
    • Prevention of revenue leakages
    • Identification of cost reduction and cost control areas
    • Enriching the control environment and process efficiency

Taxation Related Services (Direct / Indirect Taxes)

  • Tax Computation & Filing of Income Tax Returns
  • Scrutiny Assessment & Appeals
  • Certification & Attestation
  • Corporate Taxation
  • Filing of various returns under GST
  • Assistance in GST Refunds
  • Consulting & Advisory Services

Services to Trusts & NGO's

  • Satutory Audit as per the provisions of the Bombay Public Trust Act, 1950 and as per the provisions of Income Tax Act, 1961.
  • Registration of Trusts/NGO’s under section 12AA and 80G of the Income Tax Act, 1961.

Miscellaneous

  • Registration under Various Acts
  • Tax Deduction at Source(TDS) Compliances
  • ROC & ROF Filings
  • Assistance in identifying Subsidies of Government
  • Project Financing / Project Reports for Various types of Businesses
  • Planning for Mergers, Acquisitions, Demergers and Corporate Reorganiztions
  • Book Keeping & Accounting Writing
  • Validation of Cost and Inventory
  • Cost Accounting Services