We at Bizsolindia, offer our clients Management Audit services that assist in undertaking operational functions of the business. We aim to create value with the help of our customized expert services to the clients. The audit is conducted by our experienced professionals who blend their experience and approach to provide the best alternatives to carry business.

Internal controls are policies and procedures put in place to ensure the continued reliability of accounting systems. Accuracy and reliability are paramount in the accounting world. Without accurate accounting records, managers cannot make fully informed financial decisions, and financial reports can contain errors.

At the organizational level, internal control objectives relate to the reliability of financial reporting, timely feedback on the achievement of operational or strategic goals, and compliance with laws and regulations. At the specific transaction level, internal controls refers to the actions taken to achieve a specific objective (e.g. how to ensure the organization’s payments to third parties are for valid services rendered) Internal control procedures reduce process variation, leading to more predictable outcomes.

We at our organization undertake Audit with a view to improving performance and operating efficiency. Bizsolindia’s signature methodologies, tools, and guidance are developed with a focus on clients and reflect recent external developments.

We have implemented number of GST Implementation Assignments of corporates and now we have devised a system to ensure 100% compliances in GST Regime with ensuring better systems & controls.

We undertake Certification in GSTR-9C is nothing but reconciliation with accounting transactions appeared in books of accounts with the information declared in returns, tax liability discharged and ITC availed.

A customs audit is the examination of accounts and other business records. It verifies the compliance of the business with the relevant legislation and Revenue requirements. The electronic declaration facilitates importers and exporters by relieving them of lodging documents to a customs station.

Revenue assumes that all customs declarations submitted contain the correct information. As misdeclarations are possible, it is necessary to validate a selection of declarations by audit to confirm compliance.

A compliance audit is a comprehensive review of an organization’s adherence to regulatory guidelines. The extent of the compliance audit is also be dependent on whether an organization is public or private. Compliance Audit is undertaken to confirm regulatory compliances which are applicable to any entity. It promotes good governance both by identifying weaknesses and deviations from laws and regulations.

The Companies Act, 2013 has put lot of responsibilities on the companies and its directors. Therefore it has become necessity for the companies and its directors to be on toes when it comes to be compliances under various acts applicable to their business. A regular compliances audit helps the organization to have check on the compliances mandated under the laws and regulations.

Our experts will help you establish objectives and explanations of auditing, which include the auditing of financial statements in accordance with Companies Act, Tax Audit & Income Tax Act, GST Audit under GST Act, Compliance Certification under Companies Act, Bank audit and other types of audit reports.

Stringent Labour Law conditions have felt the necessity to introduce the Core Labour Codes which is in pipeline. However, at present there are number of labour laws as well as other laws of which different compliances has to be made. Independent directors have to be satisfied about the compliance, since they are personally held responsible for non-compliances and hence it is utmost important to have the compliance audit.

System audits is the key management tools for achieving the objectives set out in the policy of the organization. A system audit is recommended to evaluate & improve the effectiveness of a system.

Our experts can help you understand and determine whether any transaction has met all the criteria to be in with the standards. Our skilled team further undertakes proprietary audits with a focus to financial prudence, public interest, and prevention of wasteful expenditure. We prepare an audit report for you, which give insights to the appropriateness of the transactions and its impact on the organization.