Audit Services

When it comes to delivering an audit, quality is UP&C’s foremost priority. Ours is a Serampore (West Bengal, India) based service provider agency having resources and commitment required to identify and implement innovative approaches and tools to achieve client’s business objectives. We are supported by a crew of skilled auditors, who work diligently to render accurate and purposeful solutions. Clients can progress us anytime for further discussion.

• Performing Risk Assessment Procedures to identify the risk of material misstatement.
• Designing other audit procedures as per the results of such risk assessment procedures
• Performing compliance procedures to examine the design, consistency and operating effectiveness of the internal control system
• Communicating the weaknesses identified in the internal controls to the management and those charged with governance
• Providing suggestions for improvement and strengthening of the controls
• Performing substantive procedures to examine the completeness, accuracy, occurrence and validity of
• the transactions and the balances.
• Ensuring compliance with policies, procedures and statutes.
• Comprehensive review to ensure that the accounts are prepared in accordance with Generally
• Accepted Accounting Principles and applicable Accounting Standards/IFRS.
• Checking the genuineness of the expenses and incomes booked in accounts.
• Checking the ownership, existence, valuation and controls over the assets of the entity
• Reporting inefficiencies at any operational level.
• Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
• Performing substantive analytical review procedures by using various ratios, trends and other statistical tools and examining any significant changes thereon
• Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
• Issue of Audit Reports under various laws.

Types of Audit conducted :

• Statutory audit of most types of entities.
• Internal Audit
• Concurrent Audit to help the clients in early detection of misstatements and timely completion of audit work.
• Special Audit of N.B.F.C (Under R.B.I)
• Revenue / Inspection / Stock Audit
• Operation / Management Audit
• VAT Audit under the local VAT laws
• Tax Audit under Section 44AB of the Income Tax Act, 1961.
• Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
• Revenue Audit of Banks.
• Branch Audits of Banks.
• Audit of PF Trusts, Charitable Trusts, Schools, etc.
• Audit of Co-operative Societies.
• Information System Audit