Statutory / Internal Audit

The Firm is Statutory Auditors for more than 100 Private / Public Limited Companies, which include Pharma companies with over Rs.500 crores turnover. To name a few, M/s. Hetero Drugs Limited, M/s. Hetero Labs Limited, M/s. Covalent Laboratories Private Limited, M/s. Andhra Organics Limited and M/s. Virchow Petro Chemical Private Limited. Clientele of the Firm also include Listed Infrastructure company M/s. Ramky Infrastructure Limited with over Rs.1000 Crores Turnover.

The Firm has conducted Internal Audits for several Companies that include listed companies like M/s. Lokesh Machines Limited, M/s. Veljan Denison Hydraulics Limited, permeating every segment of the organisation. The scope of Audit include Systems aspects, propriety aspects, Revenue leakage aspects, Statutory Compliances and to report on deviations, areas for improvement and Action to be taken Report depending on the degree of risk perceived.

The Firm has conducted several Stock and Receivables Audits as a Panel Auditor on behalf of State Bank of India, State Bank of Hyderabad, IDBI, Union Bank of India and Canara Bank. The Firm has also conducted Concurrent Audit for Central Bank of India and Andhra Bank.

Conducted Statutory Audit of various Public Sector Banks' branches.

Designed the Finance, Accounting, Costing, and Legal & Secretarial Manuals to various Clients.

Designed MIS Systems to the Management to monitor the day-to-day activities of the Companies.

Advised and Assisted the Companies in setting up Internal Control and Internal Audit Systems.

The Firm is instrumental in advising to Capitalisation Programmes of the companies in utilising the Funds raised by way of Term Loans and Public Issues.

Experience in Rural Development Projects / Non Governmental Organisations Audits (NGOs):

The Firm has in depth experience in all facets pertaining to Non Governmental Organisations. The Firm is instrumental in advising in conceiving the structure of Non Governmental Organisations, related Accounting and Internal Audit Controls, Audit of the said Organisations. The Firm is also instrumental in piloting applications seeking tax relief from the Central Board of Direct Taxes / Government of India. The Firm is the Auditors for various Non Governmental Organisations (NGOs) ranging from Charitable Trusts, which run various Educational Institutions, Hospitals and other programmes. They include:

  • One of the Four Audit Firms since 2003 engaged for the Audit of Projects implemented by SERP to conduct the Internal Audit on Project Assistance funded by the World Bank and Government of Andhra Pradesh. Also a Special Audit is conducted for IKP.
  • One of the Four Audit Firms engaged for the Audit of Institutions of APSWREIS (Andhra Pradesh Social Welfare Residential Educational Institutions Society) to conduct the Internal Audit of its Institutions
  • One of the Two Audit Firms engaged for conducting Internal Audit of Vana Samrakshana Samithies (VSS) which were utilizing funds released by World Bank and Government of Andhra Pradesh under CFM Project for the financial periods from 2002-03 to 2006-07.
  • MPCR Memorial Trust
  • Vipassana Educational Trust
  • BDMA (Bulk Drug Manufacturers' Association)
  • SAI SPURTHI TRUST

The Firm has done the Business Valuations for the purpose of Merger and Acquisitions of Companies.

 
     
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