We, at  RSMS and Associates provide the following Audit Assurance Services :

• Statutory Audits for Corporates
• Tax Audits for Corporates and Individuals
• Internal & Management audits
• Audit Under Maharashtra Value Added Tax Act,2002

Statutory Audit under Companies Act, 1956   Under various kinds of statutes, all the businesses or entities require to have their accounts audited properly. We undertake the same under the statues of the Companies act 1956, non profit organizations and the Income tax act 1961.

Tax Audit under the Income Tax Act, 1961   Every assessee undertaking business activities, whose annual turnover exceeds Rs. 60 Lacs or the total business receipts from any profession exceed the amount of Rs.15 Lacs in any previous year, is bound to get his accounts properly audited and report the same according to the section 44 AB of the Income Tax Act. We conduct such tax audit services for all small and big companies, firms and other entities from of diverse sectors.

Internal & Management Audit   Maximizing the value and effectiveness of the internal audit function requires an understanding of an organization’s objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, employees, and shareholders. Ultimately, these needs determine the risk profile of the organization and the strategic focus, organization, resources and practices required of its internal audit department.
We can assist organizations that need help improving the quality and effectiveness of their internal audit processes in a number of ways.

VAT Audit under the Value Added tax Act.   Every assessee, whose annual turnover exceeds Rs. 60 Lacs; except from profession in any previous year, is bound to get his accounts properly audited and report the same according to the respective state’s Valued Added Tax Act. We conduct such tax audit services for all small and big companies and corporations of diverse sectors.