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Audit and Assurance

At Prakash Kochar &Co audit is viewed as a great opportunity to review your business. In today's changing global economy, before any business can create value, it must create trust - businesses need trusted advisers. We believe that assurance goes beyond our statutory responsibilities to report on a company's accounts, which is why Audit & Assurance is one of our firm's core service lines.

Our audit & assurance experts take the time to understand your business as well as the sectors in which you operate. We can help you identify major risks and opportunities over and above performance of the traditional financial reporting function as we follow a governance, risk and control (GRC) approach in our audits. The key objective is to achieve high organizational performance adjusted for business risk. We are constantly looking for ways to improve efficiencies and enhance client service.

     Internal Audit : Provides management with assurance on their internal business systems and processes
      Compliance Audit : Audits relating to various provisions of the law
    Statutory Audit : Statutory and special audits to comply with statutory requirements
    Tax Audit : Audit u/s 44AB to comply with the regulatory requirements
     Stock Audit : Physical verification of the inventory & assistance in valuation
     Special Purpose Audit :To assist clients with business acquisition and sale; investigation of and litigation support
    Broadly our Audit Services involve the following :

  • In-depth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening with GRC perspective
  • Ensuring compliance with policies, procedures and statutes
  • Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS
  • Checking the genuineness of the expenses booked in accounts
  • Reporting inefficiencies at any operational level
  • Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence
  • 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


Contact Us

#27/7, Dr.Alagappa Road, Purasawalkam, Chennai – 600084 Ph: 044-25323666-8, Fax: 044 25323668, Email: info@prakashkochar.com