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Areas of Practice

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VDA provides one stop solutions under a single roof.

The Services we offer are as follows

Audit and Assurance

  • An audit is an independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form. Audits provide third-party assurance to various stakeholders that the subject matter is free
  • Vidhi Desai and Associates offers Auditing and Assurance Services to diverse Clientele.
  • Following are types of Audit and Assurances service that are offered by us

Statutory Audit

Statutory Audit is a type of audit which is mandated by a Law or a Statute to ensure that the books of accounts are showing true and fair view which provides credibility and reliability to various stakeholders

Income Tax Audit u/s 44 AB

A Tax Audit is an audit, made compulsory by the Income Tax Act, if the annual gross turnover/receipts of the assessee exceeds the specified limit. Tax audit is conducted under Section 44AB of the Income Tax Act, 1961 by a Chartered Accountant.

GST Audit

Audit under GST involves examination of records, returns and other documents maintained by GST Assessees. It also ensures the correctness of turnover declared, taxes paid, refund claimed, input tax credit availed and assess other such compliances under GST Act. GST Audit is mandatory if the turnover of the assesse exceeds the specified limit

Internal Audit

An Internal audit is a risk management tool and evaluates the effectiveness of a company’s internal controls, corporate governance, and accounting processes. It also ensures compliance with Laws and Regulations. It may or may not be required by statute. Internal audits may take place on a daily, weekly, monthly or annual basis.

Management Audit

Unlike Financial Audit, Management audit focuses on non-financial data to check the efficiency and effectiveness of the management. Management Audit is mainly conducted to examine the organization structure, Plans & Objectives, Systems, Procedures, Methods of control in places, reporting the defects, weakness in Management Systems and to make suggestions to improve the efficiency and performance of the management to achieve Company’s objective and goals. VDA is considered to be the best CA Firm for Management Audit/ Compliance Audit. VDA also undertakes Financial & Non-Financial Health Checkup Assignments where it checks and perform detailed study of Compliances to various statutes and whether controls are in place from Management Perspective.

Bank Audit (Statutory and Concurrent Audit of Banks)

Both Statutory Bank Audit and Concurrent Audit are important to contain possibility of fraud that may takes place in branch, to adhere to the guidelines and procedures as laid down by the regulators i.e. RBI, to identify and rectify procedural lapse, if any and to validate the Profit/ Loss of the Bank Branch

Stock Audit

Stock Audit is also known as Inventory Audit. It refers to the physical verification of Company’s Asset/Inventory. The reason and purpose behind executing this is to correct the discrepancies present in the book stock when compared to physical stock by passing necessary adjustment entries. It also includes Debtors/ Receivable ageing analysis and reporting so as to arrive to the correct drawing power of the unit.

Information Technology Audit (IS Audit)

This audit examines whether information systems are safeguarding the assets, maintaining the integrity of stored & communicated data and are operating efficiently & effectively to achieve company’s objectives. Our both the partners have qualified DISA (Diploma in Information System Audit) and have expertise in the field.

In addition to that, we also offer services like pre Audit Compilations, preparation of Due Diligence Report, Designing of Internal Control System, preparation of SOPs(Standard operating Procedure Documents & Manuals) for the departments/ divisions and the Company as a whole.
We always keep Client Centric Approach which makes us Best CA firm of Ahmedabad, Gujarat, Best Management Consultancy Firm and thereby Best Auditing firm of India.