Statutory audit in India is a legitimate process used to gather financial information reflected through the company’s financial statement like the Profit & Loss Account, Balance sheet, and Cash flow statement. Thus, a statutory audit gives a realistic view of the company’s mismanagement or fraud assessment to prevent malpractices and ensure an ethical and transparent system for conducting business.
PK Chopra has a professionally managed team with proven expertise in financial accounting and management who have been providing advice to a wide range of companies concerning complex accounting procedures in a quick, timely, and efficient manner.
PK Chopra and Company provides specialized services in Statutory Audit in the following:-
- Preparation of financial statements: PK Chopra recognizes the management's need to submit timely financial statements conforming to industry practices, rules, and regulations. The company assists its clients by helping them prepare financial statements reflecting the client's fair and transparent dealings while conducting business transactions. The company prepares financial statements like Cash Flow Statements, Profit and Loss Accounts, and Balance sheer for its clients.
- Financial review: It helps identify the strengths and weaknesses of the company's financial accounting procedures and systems. The deficiencies are addressed by suggesting suitable measures for improvement that ensure quality while meeting the industry accounting standards.
- Tax related issues: PK Chopra Company advises companies on various issues related to complicated tax regulations that can have financial implications for the companies. The main objective is to minimize any tax burden for the company allowing them to experience more significant control of their financial position and performance as a stakeholder.