{ SPS AGRAWAL & CO. }

Our services enable clients to effectively co-ordinate their key growth, quality and operational challenges - and working in partnership with us, clients have the benefits of our experienced, objective, and industry-grounded viewpoints.

We use a constructive approach in auditing. As a result of understanding the clients' systems, procedures and practices we often recommend improvement for more efficient operation, stronger financial structure and improved accounting and administrative controls.

Our philosophy and practice is to blend the technical, the practical and the business approach in each audit engagement. We ensure that financial statements are free of material misstatement and they comply with accounting standards. We ensure that Systems and Controls are in place. The services offered include:

Balance Sheet or Statutory Audit

Audit required under Companies Act, Income Tax Act, Trust Act etc. are done under this category which includes Audits of Limited Companies, Pvt. Ltd. Companies, Society, Trust, Firms, Individual Proprietary Units etc.

Internal Audit/Risk Assurance Audit

An Internal Auditor is required to see whether there is an adequate system of effective control and if there is one, whether it is strictly adhered to and, if adhered to, whether there are chances of any fraud taking place or leakage of the revenue of the concern because of delays, miscalculations, wrong handling of documents or inadequate safety measures. He has to do all this by checking all the operations and records of the client whether physically or otherwise.

There cannot be a definite procedure or area of audit for an internal auditor, he has to in fact, look at every points

Concurrent Audit

Concurrent Audit is an examination which is contemporaneous with the occurrence of transactions. It attempts to shorten the interval between a transaction and its examination by an independent person not involved in its documentation.

There is an emphasis in favour of substantive checking in key areas rather than test checking. This Audit is essentially a management process integral to the establishment of sound internal accounting functions and effective controls and setting the tone for a vigilance internal audit to preclude the incidence of serious errors and fraudulent manipulations.