Accurate financial reporting, effective internal controls and regulatory compliance are essential for businesses operating in India. A structured audit process supports financial transparency, identifies control weaknesses and helps organisations address applicable reporting obligations.
ATMS & CO LLP provides professional Audit & Assurance Services, covering statutory audits, tax audits, internal audits, due diligence audits, special investigation audits, management audits and certification work.Each engagement involves examining relevant financial information, assessing applicable controls and addressing reporting requirements based on the organisation’s business activities and audit objectives.
The emphasis remains on professional standards, reliable financial reporting and meaningful audit findings that support informed business decisions.
Statutory audits involve the independent examination of financial statements in accordance with applicable legal and professional requirements.These engagements include examining financial records, reviewing supporting documentation and evaluating financial information against relevant reporting frameworks.
The process includes reviewing financial records and supporting documentation in accordance with relevant tax provisions and reporting requirements.
Tax audits also form part of broader business taxation obligations, alongside matters addressed through Taxation & Company Law Services.
Internal audits help organisations evaluate the effectiveness of internal controls, business processes and compliance procedures.The review focuses on operational activities, internal control mechanisms and areas where existing procedures may require improvement.
Due diligence audits involve examining financial records and relevant business information to support the evaluation of proposed transactions.These engagements focus on reviewing financial information, assessing supporting documentation and identifying matters requiring management attention.
Special investigation audits involve focused examinations of specific financial transactions, business activities or operational concerns.
The examination is conducted according to the defined objectives of the engagement, with attention to relevant records, supporting documents and available financial information.
Management audits focus on evaluating organisational processes, operational practices and relevant management controls.
These engagements include reviewing selected business activities, examining internal procedures and assessing areas that may require operational improvement.
Audit requirements vary depending on an organisation’s structure, financial activities and regulatory obligations.
Professional Audit Services for Businesses address statutory reporting, internal controls, financial examination and specific audit requirements through appropriate engagements.
Whether an organisation requires a statutory audit, an internal control review or a transaction-related financial examination, the scope is determined by relevant objectives and applicable professional standards.
ATMS & CO LLP follows a structured approach to audit engagements, with emphasis on professional responsibilities, relevant documentation and applicable reporting requirements.
Our audit process involves reviewing financial information, examining supporting records and assessing relevant matters based on the nature and scope of each engagement. We focus on maintaining a systematic approach while addressing applicable statutory and professional requirements.
We aim to provide clear and well-documented audit findings that help organisations understand their financial reporting obligations and identify areas requiring attention. Our approach supports transparency, regulatory compliance and informed business decision-making. By communicating relevant observations and reporting matters, we assist management in understanding potential risks, reviewing existing financial processes and considering appropriate improvements.
The process begins with assessing the nature of the business, the purpose of the engagement and relevant statutory or internal audit requirements.
Financial records, supporting documents and internal processes are examined according to the agreed scope of work.
Observations are assessed against applicable reporting frameworks, compliance requirements and engagement objectives.
Findings and reporting matters are communicated in accordance with the engagement requirements and relevant professional standards.
Audit and assurance engagements are supported by experienced professionals with expertise in financial reporting, taxation, regulatory compliance and business advisory services.
Companies incorporated under the Companies Act, 2013 are generally required to have their financial statements audited annually, subject to applicable provisions. Statutory audits help companies fulfil legal audit obligations and meet relevant financial reporting requirements.
A statutory audit is conducted to meet applicable legal requirements and involves an independent examination of financial statements. An internal audit focuses on evaluating internal controls, business processes and operational risks. Their objectives, scope and reporting requirements differ.
Commonly required documents include financial statements, books of account, bank statements, invoices, supporting vouchers, tax records and relevant statutory documents. The specific documentation depends on the organisation's activities, applicable reporting framework and audit scope.
An internal audit reviews relevant business processes, control mechanisms and compliance procedures to identify weaknesses or gaps. Its findings can help management assess operational risks, evaluate existing controls and consider appropriate improvements.
Businesses may consider due diligence before acquisitions, investments, mergers or other significant transactions. It involves reviewing relevant financial information, identifying potential concerns and evaluating matters that may influence business decisions.
Reliable financial reporting and effective internal controls are essential for maintaining business accountability and meeting regulatory obligations. Whether your organisation requires a statutory audit, tax audit, internal audit or specialised financial examination, ATMS & CO LLP provides professional audit and assurance support aligned with applicable standards and business requirements.
Discuss your audit requirements with experienced professionals.
We are the chartered accountant firm in Thane, India. We offer accounting, auditing & other compliance services to clients throughout india and across the globe.
201, Lotus IT Park, MIDC, Wagle Road #16, Thane, Maharashtra – 400604.