Audit Services

Comprehensive audit services ensuring compliance and transparency for your housing society

Professional Audit Services

Our audit services ensure complete compliance with the Co-operative Act and all applicable regulations. We provide comprehensive audit solutions including statutory audit, internal audit, tax audit, and GST audit with detailed reporting and rectification support.

Statutory Audit

Mandatory annual audit as per the Maharashtra Co-operative Societies Act. We conduct thorough examination of books of accounts, financial statements, and compliance with all statutory requirements.

What We Audit

  • Books of Accounts
  • Balance Sheet & Income & Expenditure Account
  • Statutory Registers
  • Compliance with Co-operative Act

Benefits

  • ICAI Registered Auditors
  • Timely Submission to Registrar
  • Detailed Audit Report
  • Compliance Certificate

Internal Audit

Regular internal audits to identify and rectify issues before statutory audit. Helps in maintaining proper financial discipline and preventing fraud.

Quarterly Reviews

Regular quarterly internal audits to ensure ongoing compliance

Risk Assessment

Identification of financial and operational risks

Process Improvement

Recommendations for improving internal controls

Tax Audit

Mandatory tax audit under Income Tax Act when turnover exceeds specified limits. We ensure compliance with all tax regulations and timely filing.

Key Features

  • Form 3CD Preparation
  • Tax Compliance Verification
  • TDS Compliance Check
  • Income Tax Return Support

GST Audit

Annual GST audit for societies with turnover above threshold. Comprehensive review of GST returns, input tax credit, and compliance with GST laws.

Audit Scope

  • GSTR-9 & GSTR-9C Filing
  • Input Tax Credit Verification
  • GST Compliance Review
  • Reconciliation of Returns

Audit Rectification Report

Preparation of detailed rectification reports addressing audit observations and ensuring compliance with all requirements.

Services Include

  • Detailed Observation Analysis
  • Rectification Action Plan
  • Implementation Support
  • Follow-up Compliance

How We Work

1

Planning

We plan the audit schedule and gather all necessary documents

2

Execution

Thorough examination of books, records, and compliance

3

Reporting

Detailed audit report with observations and recommendations

4

Support

Ongoing support for rectification and compliance

Need Professional Audit Services?

Get in touch with our ICAI registered auditors

OWIN Solutions

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