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Audit Services

Businesses know the importance of Audit services

As it is a stepping stone and medium for firms to thrive and safeguard the business from unforeseen situations.

Businesses recognize the vital role of audit services as a cornerstone for growth and a safeguard against unforeseen challenges. At Beetaone
Fintax LLP, we offer comprehensive assurance services tailored to the unique needs of our esteemed clients. Our pragmatic approach, open
communication, detailed risk analysis, and proactive early warnings set us apart as a trusted auditing firm in Guntur.

Our audit services are synonymous with trust, transparency, and value. We invest time in understanding the intricacies of each client’s business, enabling us to deliver personalized, professionally curated audit and assurance services. Partner with Beetaone Fintax LLP for audit solutions that empower your business with clarity and confidence.

What is auditing?

Auditing is the systematic examination of an organization’s financial records, systems, and processes to ensure accuracy, transparency, and compliance with regulatory and internal requirements. It serves as a critical tool to verify financial statements, identify discrepancies or fraud, and evaluate the efficiency of operations and internal controls. By providing an independent assessment, auditing not only ensures adherence to legal standards but also strengthens stakeholder confidence. Various types of audits, such as statutory audits, internal audits, tax audits, forensic audits, and performance audits, cater to specific needs.
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Objective of auditing

EXPRESSION OF OPINION

It enhances the credibility and authenticity of your financial statements because an independent statutory auditor does the audit.

INDEPENDENT OPINION

While it confirms that the firm’s financials represent a true and fair view of its state of affairs and profitability, it also helps in assessing the areas prone to risk and losses.

DETECTION AND PREVENTION OF FRAUD AND ERRORS

The external audit helps in securing finance from financial institutions as it makes their financial statements more authentic and reliable.​

Scope of auditing Services

The scope of our auditing services mainly depends on three aspects-

Our auditor audits the financial records and statements of a firm. During an audit, he examines all the aspects which are relevant to profit and loss account, balance sheet, and cash flow statement.

Our audit services include an evaluation of internal controls and accounting systems established by the management. It helps in determining the appropriateness and sufficiency of the information contained in the books of accounts.

We undertake vouching of transactions to ensure authenticity and validity of transactions, arithmetical accuracy of the books maintained, and to check if revenue and capital items are appropriately classified.

We undertake verification of assets and liabilities appearing in the balance sheet.

We check if the company is carrying its business in compliance with the statutory requirements. .

We check if the financial statements are in sync with the books of accounts and opine on the true and fair view of the state of affairs and profitability of the company.

When our auditor performs any duties related to auditing or providing consultancy or solutions related to the finance and accounts, he makes sure he stays within the boundaries of the duties and performs within the scope of his competence. Our auditors follow relevant accounting standards (IndAS, India GAAP, or IFRS) as per the terms of engagement.

At Beetaone Fintax LLP, we are always here to provide you with exceptional accounting, auditing, and financial advisory services tailored to your unique business needs. Whether you’re looking for expert guidance in GST compliance, transfer pricing, RBI/FEMA regulations, or accounting outsourcing, our team of dedicated professionals is just a call or email away.
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Different Type of Audit Services

Concurrent audit

As an GST auditing firm in Guntur, we examine the returns, records, and other essential documents of the GST registered business having turnover more than Rs. 2 crores. We ascertain the correctness of taxes paid, refunds claimed, and turnover declared by the company to check the regulatory compliance.

Statutory audit

We provide statutory audit services in Guntur and express our opinion if the financial statements of the company provide a true and fair view of its state of affairs and profitability. At Beetaone, we firmly believe that statutory audit should be seen as an opportunity for soaring high and not as an overhead task.

Internal audit

Our internal audit service in Guntur involves continuous evaluation of operations of the company to suggest various improvements and strengthen the overall governance of the company. It also focuses on ensuring a robust internal control system to achieve operational efficiencies.

Concurrent audit

We provide concurrent audit services to our clients where we systematically and timely examine all the transactions to ensure accuracy, compliance with procedure, and authenticity of the transactions. It helps in the timely detection of mistakes and irregularities.

Management audit

Our management audit service assists our clients in ascertaining the effectiveness of managers and policies, systems, and methods that are implemented. It helps identify weaknesses and ways to strengthen the managerial function.

Compliance audit

Our compliance audit services evaluate compliance with regulatory requirements, external laws, controls, policies, and procedures. It helps in identifying lapses so that one can remain compliant and avoid legal complications and penalties.

Forensic audit

Forensic auditing is aimed at gathering legal evidence that can be used in the court of laws. We analyze financial transactions and apply specialized audit procedures to meet the requirements of terms of engagement.

Information system audit

The information technology infrastructure is one of the most crucial parts of any business today. We provide information system audit service where we examine IT and management controls and determine if they are operating effectively to meet organizational goals.

Tax audit

As per Section 44AB of the Income Tax Act, an assessee needs to get a Tax Audit done if his sales, turnover or gross receipt exceeds Rs. 1 Crore in the financial year. We provide Tax auditing services in Guntur to help our clients comply with regulatory requirements.

Auditing process

The audit process is a structured approach used by auditors to evaluate an organization’s financial records, operations, and compliance. It typically involves the following steps:

why is Beetaone Fintax LLP your best choice for auditning services?

today’s corporate world is getting less and less tolerant of errors and inaccuracy
Today’s corporate world is getting less and less tolerant of errors and inaccuracy. Shareholders, creditors, users of financial statements, and the government expect auditors to provide an accurate and independent opinion on the financial statements. At BEETAONE FINTAX LLP , we make sure we incorporate all the tools and procedures which reduce these errors. In our auditing service, we focus on procedural robustness, constant reliability and support, and operational consistency.

We have the best team of GST advisors who have the required knowledge in understanding the GST-related concepts and have the practical experience of dealing with GST-related transactions for different industry sectors.

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