Audit and Assurance

UJA conducts compliance review, meeting the standards and guidelines as recommended by the Institute of Chartered Accountants of India.  We assist companies to prove true and fairness of their operating results through:

 

Statutory Audit

Audit to determine whether an  organization is providing a fair and accurate representation of its financial position, as required under the statute, accounting standards and guidelines issued by the Regulator.

Tax Audit

Auditing in accordance with the provisions of the income tax laws of India and provide disclosures through specified formats.

Transfer Pricing Audit

Transfer pricing is the term used to describe inter-company pricing arrangements related to transactions between associated, controlled or related entities. These can include transfers of intellectual property, tangible goods, services, and loans or other financing transactions.

UJA audit ensures the appropriateness of the price set by the client for goods and services sold between controlled (or related) legal entities within an enterprise.

Internal Audit

We implement a “risk based” internal audit approach through definition of-

  • Process understanding
  • Risk based process audit
  • Financial, operational and compliance risk assessment
  • Control gap assessment
  • Assisting the management in implementing a cost effective remediation plan
  • Re-assessing the remediation for effective implementation
  • Business process re-engineering & implementation
  • SOP compliance and writing

Management and Operational Audit

It is a systematic review of effectiveness, efficiency and economy of operation requested by the management for reviewing special purpose accounts, cost center audit, operational functions (Purchase, Sale, Inventory, Fixed Assets etc.) with an object to improve overall efficiency of the organisation.

Process Audit

A process audit is an examination of results to determine whether the activities, resources and employees performance have being managed efficiently and effectively.

IFCFR

Internal Financial Control over Financial Reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statement for external purposes in accordance with generally accepted accounting principles.

Audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness.

Investigative and Forensic Audit

Audits carried out upon request of the Management to investigate issues like suspected fraud and misappropriation. Investigation, Fraud Risk Management, License/Software Management are the core areas to be covered during this Audit.

Information Systems Audit

An Information Technology Audit or Information Systems Audit is an examination of the management controls within an information technology (IT) infrastructure. IT audits are also called as "Automated Data Processing (ADP) Audits" and "Computer Audits".