DARAK AND ASSOCIATES

Our Services

Description of Audit & Tax Services

Our service offerings include audit and assurance, tax and regulatory, corporate advisory and corporatefinancing for domestic and global businesses of all sizes. We offer a range of solutions which are ideal,practical, and innovative and at par with the best that our clients would expect.

Audit and Assurance

Our audit and assurances service offerings are based on a complete understanding of the clients’ businessspecifics, 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 andassurance solutions range from statutory audits, internal audits, tax audits, transfer pricing audits,management audits, concurrent audits etc.

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 in forpreparation of audit report

Internal Audits

  • The internal audits are conducted with varying client requirements but essentially the objective thereof is toprovide assurance on controls and processes.
  • Physical verification of Raw Material, Finished Goods, Stores & Fixed Assets.
  • Check the conversion rate of Raw Material to finished goods and report if any deviation with the standard.
  • Check whether the statutory compliances are done as per the requirement report to the management.
  • Any other reports as per the requirement of Management.

Tax and Regulatory

Our specialist tax partners have a responsibility to ensure that the clients’ tax bill is optimized and they do notpay any unnecessary taxes. This involves a complete understanding of the ever changing tax laws which offerinnumerable tax optimization opportunities in the form of deductions, exemptions and claims for losses andexpenses. Our knowledge plays a pivotal role in tax planning, advisory and compliance services. Our regulatorycompliance services ensure that the clients attain a high level of stringent tax law compliances.

Our Work Exposure

Manufacturing:

Trading:

Services:

Education:

Banking:

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