News & Events
04/07/2025
Results of the CA Final, Inter & Foundation May 2025 Exams are likely to be declared on 6th July 2025
RBI bars prepayment penalty on floating rate micro, small business loans
SEBI allows 6-month window to re-lodge old share transfer requests
Rupee Gains 21 Paise to 85.34 Against US Dollar in Early Trade
05/07/2025
CBDT raises cost inflation index to ease capital gains tax burden
02/07/2025
Gross and Net GST Revenue Collections – June 2025
28/06/2025
SEBI mandates enhanced disclosures from listed companies on related party dealings to improve transparency.
27/06/2025
ICMAI invites CMAs to submit Expression of Interest for SEBI Task Force
CBDT orders processing of late returns, refunds filed upto March 2024
CBIC issues procedural guidelines for review and appeals in Multi-State GST Cases
Notifications/ Circulars
05/07/2025
Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025
03/07/2025
Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025
28/06/2025
Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators
25/06/2025
The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines
20/06/2025
Review of Priority Sector Lending norms - Small Finance Banks
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Addition of 01 Entry
Reserve Bank of India (Project Finance) Directions, 2025
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ASCA & ASSOCIATES

Chartered Accountants,

No 716/35, JC Plaza, 2nd Floor, 12th Main Road, 42nd Cross, 3rd Block,

Rajajinagar, (Near ESI Hospital Signal) Bangalore - 560010.


Ph.080-23402441, Mob. 08904705900, 9980021836

email : asca.associates@gmail.com

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Audit

Broadly, Audit involves the following :

  • Indepth study of existing systems, procedures and controls for proper understanding.  Suggestions for improvement and strengthening.
  • 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.

 

Types of Audits conducted

  • Statutory Audit of Companies
  • Tax Audit under Section 44AB of the Income Tax Act, 1961.
  • Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
  • Concurrent Audits.
  • Revenue Audit of Banks.
  • Branch Audits of Banks.
  • Audit of PF Trusts, Charitable Trusts, Schools, etc.
  • Audit of Co-operative Socities.
  • Information System Audit
  • Internal Audits.
 
 
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