Audit & Assurance | Makkar Khunger & Associates

Statutory Audits

Our firm conducts Statutory Audits of several private corporate clients (including funded start-ups), which are required to be conducted as per the provisions of the Companies Act, 2013 and various other statutes.

Internal Audits

Our firm undertakes Internal Audits for various corporates, with the object of bringing in efficiency in the functioning of an enterprise as-well-as in reducing costs.

Tax Audits

Our firm conducts Tax Audits as prescribed under the provisions of the Income Tax Act, 1961.

ICoFR Reporting

The Board of Directors’ report on Internal Financial Controls (IFC) and the Auditor’s report on Internal Controls over Financial Reporting (ICoFR) require planning, knowledge and

understanding of business complexities and processes. Our firm assists the clients in implementation of IFC.

Physical Verification of Fixed Assets/Inventory

Our firm facilitates in establishing best practices through setting up quantitative controls on fixed assets/inventory as well.