+ 91 79 35674485 | + 91 9428133903
kvmehtaco@gmail.com
903, Span Trade Centre, Opp. Kochrab Ashram, Near Paldi cross roads, Paldi, Ahmedabad 380006

+ 91 79 35674485 | + 91 9428133903

kvmehtaco@gmail.com


	Home About What We Are Why Us Our Values Goals and Methodology A Journey of Four Decades Services Tax and Regulatory Audit and Assurance Advisory Services Corporate Law Services Finance and Accounting Outsourcing Services Project Finance Services Trust & Cooperative Societies Services Keeping Clients Informed Anti-Money Laundering Compliance & litigations Our Esteemed Clients of past and present Team Knowledge Bank Calculators GST Calculator GST Rate Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Query Careers Admin Login Email Login Time Sheet Contact Us

Audit and Assurance

Our audit and assurance service offerings are based on a complete understanding of the client's business specifics, industry peculiarities and the applicable laws. The audit approach is based on the compliance issues, the nature and requirement for audit, the clients requirement and key risk issues involved.

Our audit and assurance solutions range from statutory audits, internal audits, tax audits, transfer pricing audits, management audits, concurrent audits etc. The audit deliverables range from reporting for statutory compliances to enhancing the client's business financial and operational performance.

Statutory Audits

We conduct statutory and regulatory compliance audits for filing of annual or periodic financial results. Statutory audits are aimed at achieving compliance with regulations, assessing the strength of controls, confirmation of accounting treatments of recorded transactions, independent review of reported information and preparation of accountant's report.

Tax Audits

We annually serve our around one hundred clients in area of tax audit under various provisions of the tax laws. Amongst the firm's tax auditee clients are corporates and small businesses, partnership firms, nonprofit organizations and high net worth individuals. The firm has dedicated audit teams which specialize in conducting the audits effectively and diligently.

Internal Audits

The internal audits are conducted with varying client requirements but essentially the objective thereof is to provide assurance on controls and processes. Firm has been able to cater services to corporate Listed as well as unlisted as per COBIT & COSO framework.

Firm also conducts Governance, Risk, and Compliance (GRC) reviews which help organizations ensure that their governance structures, risk management processes, and compliance programs are effective, aligned with business objectives, and in line with industry regulations. These reviews provide a structured approach to managing risk and meeting regulatory requirements while enhancing operational efficiency.

Governance Review includes Assessment of board oversight, corporate policies, and decision-making frameworks, evaluation of roles and responsibilities of leadership teams, ethical standards, codes of conduct, and corporate culture. Assessment of governance policies against regulatory expectations (e.g., SOX, GDPR, Basel, etc.).

Risk Management Review includes identification of key risks affecting the organization (strategic, operational, financial, compliance, IT, etc.), evaluation of enterprise risk management (ERM) framework and effectiveness, evaluation of risk appetite, risk tolerance, and risk mitigation strategies. & Assessment of risk reporting mechanisms and escalation procedures.

Compliance Review includes evaluation of adherence to legal, regulatory, and internal compliance requirements, review of policies, procedures, and training programs to ensure regulatory compliance, gap analysis of compliance frameworks against best practices and industry standards & testing of internal controls to ensure regulatory and policy adherence.

Concurrent Audits

Firm has rich experience of conducting concurrent audits as the firm has started auditing banks since 1981. Various Bank branches have been audited by the firm for Bank of Baroda, Central Bank of India, Bank of India, and Dena Bank. Firm is having partners with certificate of concurrent audit making eligible for the same.

Firm has been instrumental in reviewing Credit Appraisal & Sanctioning Process which contains activities of verifying loan approvals, documentation, and adherence to lending policies, ensuring compliance with RBI's prudential norms on loans and advances. Firm has framework to review Post-Sanction Loan monitoring whereby ensuring timely KYC compliance and collateral verification & Reviewing end-use of funds and borrower financials. Review Process includes NPA & Asset Classification Audit where Identifying early warning signals of potential Non-Performing Assets (NPAs) & Reviewing stressed assets, restructured loans, and one-time settlements (OTS).

Firm also conducts KYC & AML (Anti-Money Laundering) Compliance whereby checking customer documentation, risk profiling, and adherence to Know Your Customer (KYC) norms & reviewing Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs) filing with Financial Intelligence Unit (FIU-IND).

Firm also reviews Forex & Trade Finance & FEMA Compliance and contains activities in reviewing outward and inward remittances for compliance with FEMA Act, ensuring proper documentation for Letter of Credit (LC), Bank Guarantee (BG), and export-import transactions, examining forex risk exposure, hedging strategies, and SWIFT transactions & verifying end-to-end processing of export credit, import payments, and buyer's credit.

Conducting Risk-Based Internal Audit (RBIA) to assess key risk areas in credit, market, and operational risk & to ensure banks have a robust risk management framework.

Systems & Controls Audits & Forensic audits

Firm has conducted systems audit with Dena Bank, Dena Gujarat Gramin Bank. While systems and controls review has been conducted for corporate and IT Companies for IT general and specific controls as per client requirements and assessment thereof. Firm is also conducting forensic audits and due diligence for the clients requirements. Service offerings & methodology include Review of IT General Controls (ITGC) Audit to ensure the reliability and security of IT systems, applications, and data Through Access Management & Identity Controls such as User Access Control, Privileged Access Management & Multi-Factor Authentication. Review of Change Management & System Development Controls such as reviewing change management processes & impact assessments and approvals for system modifications.

Review of IT Operations & Business Continuity Management (BCM) & Cybersecurity & IT Infrastructure Compliance by evaluating recovery procedures, RTO, and RPO, ensuring compliance with legal and regulatory requirements & monitoring incident response effectiveness and security logs, verifying firewall rules, VPN security, and intrusion detection systems (IDS/IPS), Ensuring enterprise-wide malware protection, Evaluating encryption policies and data security.

Review of IT Specific Controls for key applications, databases, and business processes such as Core Banking & Financial Systems Audit by reviewing controls for transaction security and real-time processing for CBS systems, Verifying compliance with RBI cybersecurity guidelines for SWIFT & Payment Gateway & ensuring fraud prevention and access control compliance with Treasury Systems

Review of ERP & Enterprise Applications such as SAP, Oracle, Microsoft Dynamics for user roles, segregation of duties (SoD), and transaction logs & compliance with accounting standards and automated controls. Review of Cloud & Data Center Security where assessing security policies, access controls, and data encryption & review of Data Center Physical Security & Environmental Controls for power backup, fire suppression, and biometric access.

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