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Statutory and Tax Audit

Statutory audit is governed under the Companies Act, 2013, and Companies (Audit and Auditors) Rules, 2014 to determine whether a company is providing an accurate representation of its financial situation by examining the information, such as books of account, bank balance, and financial statements to the Government of India. At H.K. Joon & Co, an experienced professional team of auditors conduct the audit and provide the accurate report as per the rules and regulations of the Act and as per Indian auditing standard procedures.

Stock Audit

Stock audit or inventory audit refers to physical verification of company or institutions inventory assets. We emphasize on performance improvement and focus on business insights. We excel in providing the best physical verification services. We aim at delivering focused services to companies to keep their physical assets checked intact. Observation of inventory is generally an accepted audit procedure where we as an auditor issues an opinion on whether the financial record of inventory accurately represents the actual inventory being carried. We verify not only the amount of inventory but also its quality and condition to see whether the value of the inventory is fairly represented in financial records and statements. Our professionals at H.K. Joon ensure delivering superior services within the boundaries of time.

At H.K. Joon & Co, our team follows the following Audit inventory procedures:

  • ABC Analysis.
  • Analytical Procedure
  • Cut off Analysis
  • Finished Good Cost Analysis
  • Freight Cost Analytics
  • Matching
  • Overhead Analysis
  • Reconciliation
  • Reporting of All Deviations

Internal Audit

Internal audit to review and report all operations of the enterprise to evaluate the effectiveness of management. It includes continued and critical appraisal of the functioning of an entity with the view to suggest improvement and strengthen the overall governance mechanism of the entity, including the entities strategic risk management and internal control system.

We at H.K. Joon assist our client with an in-depth analysis of their operations and advise them on critical risk areas and possible opportunities for improvement.

Our dedicated team of elite professionals assists our client to understand the aspect of internal audit and customize audit technique as per their specific requirements.

Forensic Audit

A Forensic audit is an examination and evaluation of a firm’s or individual’s financial reports to derive evidence that can be used in a court of law or legal proceedings. The purpose of a forensic audit is to extract evidence to support the prosecution of a party of criminal offense such as fraud, embezzlement of funds, or negligence in litigation procedure.

Forensic audit investigates corruption, Asset misappropriation, and financial statements fraud. While investigating fraud, we as an auditor would look out for conflict of interest, bribery, extortion.

At H.K. Joon & Co, forensic audit services are handled by expert CA professionals with extreme proficiency and also keeping all critical aspects in mind. 

Secretarial Audit

Secretarial Audit is governed by the Companies Act, 2013, and rules made thereunder. Every listed company and every public company having a paid-up share capital of Rs. 50 crore or more and /or turnover of Rs. 250 crore or more and/or outstanding loans or borrowings from banks or public financial institutions of Rs.100 crore or more have to get the Secretarial Audit done by an independent professional i.e. Practicing Company Secretary.

It is a compliance audit to check compliance with the provisions of various laws and rules/regulations/procedures, maintenance of books, records, etc., as applicable to the Company and to make sure that legal and procedural requirements are complied with. The Secretarial Audit Report is a part of the Board's report of the Company, to which it is applicable.

At H.K. Joon & Co., we make sure you get the best of this service following legal procedures to avoid any kind of unfavourable situations that may occur later.