We are in the audit practice for over the last 15 years. We mainly practice in the following areas -

• Tax Audits under Income Tax act
• Statutory Audit under Companies Act
• Internal and concurrent Audits
• Pre-investment management audits
• Bank and Government Audits

We at M.B. YARAGA & CO, Bangalore conduct the audits of Banks, government institutions, Co-operative Banks, Multi-National Companies, Partnership firms, proprietary concerns, NGOs, Societies and Trusts.

Our audit and assurance team's main goals are to offer you high-quality services that meet your needs, make practical suggestions that help you develop your operations, provide you with financial guidance when needed, offer you the Best Audit Service in Bangalore, and provide a level of service that leads to a lasting relationship. We spend the necessary time to establish that positive relationship and want to be the first company that comes to mind when you have any questions.

What is an Audit?

The term audit usually refers to a review of the financial statement. A financial audit is an unbiased examination and evaluation of the financial statements of an organisation to ensure that the financial records represent a true and fair view of the business transactions they claim to perform. The audit can be conducted within the organisation by its employees itself or externally by engaging an outside chartered accountants firm.

What is Assurance Service?

Assurance services are an independent professional service ordinarily provided by chartered accountants. Assurance services can include an examination of any financial document or transaction, such as a loan, any contract or arrangement, etc. This review verifies the correctness and validity of the item being reviewed by the professionals.

Assurance services providers help clients navigate the complexities, risks, uncertainties and opportunities in their companion networks by proactively handling and monitoring risks presented by third-party relationships. Businesses typically use assurance services to improve the transparency, importance, and value of the information they reveal to the market and investors. Many find by sharing business accomplishment better; it becomes a sustainable growth and competitive for differentiation strategy.

Audit and Assurance at MAG

We, one of the best auditing firms, are known for providing the best audit services in Bangalore. We provide a range of services including, but not limited, to the following:

Statutory Audit -

A statutory audit is a legally required review of the correctness and accuracy of a company's financial statements and related records. The sole objective of a statutory audit is to assess whether an organization provides a fair and correct representation of its financial position by examining data such as accounting records, bank balances and commercial transactions.

Internal Audit -

Internal auditing is an objective assurance and consulting activity intended to add value and improve an organization’s business transactions. It can help an organisation fulfill its strategic objectives by taking a systematic, well-organized approach to assessing and enhancing the effectiveness of risk management, control, and governance processes.

Tax Audit -

Tax Audit involves an audit of financial records of a business in compliance with provisions of the Income-tax Act in India and providing disclosures in the prescribed formats. We have a team of experts who work with different taxes like Income tax, GST, service tax, sales tax etc. Our satisfied clients have rated us as the best Income tax audit firm in Bangalore.

Fixed Assets Audit -

Auditing fixed assets is vital to ensure that accounting for capital assets and depreciation complies with the objectives of management. Fixed asset audit helps to prepare the accurate balance sheet. Hence it ensures regulatory compliance. Also, fixed asset audits provide better internal control.

Stock Audit -

Sock or inventory audit means physical verification of stock of a company or institution. There are many stock audits, depending on the purpose, and every stock audit requires a different approach. Every business organisation at least needs to conduct a stock audit once a year to update and ensure that the physical stock count and the computed stock in the books match. A stock audit helps in analysing the correct discrepancies between the actual physical inventory and stock register maintained by the management.

Management Audit -

This involves an audit of functions of operations management department of an organisation for acquisitions and company mergers. In this case, our auditing firm, MAG, closely works with a specific department to help them improve their overall efficiency.

Revenue Audit -

This is a two-step process which scrutinises the data and information as provided in tax returns against the ones found in actual business records.

Due Diligence -

Due diligence is an examination, audit, investigation or review performed to establish the facts of a matter or transaction under consideration. In this world of finance, due diligence requires an extensive analysis of financial information and records before entering into a proposed deal with another person or business house.

What we do -

In order to satisfy client expectations, we must be informed about every development in the auditing sector and be aware of any potential internal and external problems. Our internal control standards allow us to keep current with all the changes in the auditing and assurance industry, and we take pleasure in our technological knowledge. We also set aside time for conferences and seminars so that we can keep up with important developments in the sectors in which our clients work. We constantly search for opportunities for improvement while conducting an audit, and we offer recommendations for any significant changes.

At M.B. YARAGA & CO, we assist in supplying top audit and assurance services in Bangalore and work together with our esteemed clients to guarantee that legal and regulatory needs are followed. This includes value-added services and disclosures that are necessary. We pledge to provide top-notch audit assurance services in Bangalore so you may identify your company's possible weak points and future issue spots. While upholding the necessary commercial standards, we operate with the utmost honesty and professionalism.

Being among the top audit firms in Bangalore, we think that audits should be ongoing processes that never obstruct corporate activities. Thus, advance preparation and sufficient manpower are necessary to guarantee that services are provided without delay. Before starting an audit, we make an effort to gain a thorough grasp of how an organisation operates. We stand out from other audit firms in Bangalore since every one of our services is specifically designed to meet a client's demands and achieve their goals. This requires having a clear understanding of your company's objectives, operational procedures, regulatory requirements, and information needs.

In order to help you identify possible problem areas and hidden potential in your organisation, we also offer to provide quality assurance services. While upholding the necessary commercial standards, we operate with the utmost honesty and professionalism.

If you are seeking audit and assurance services or looking for the best audit firms in India or bank audit consultant in India, reach out to us at ca.malluby@gmail.com or call us @ +91 9916495890 and enjoy the services with exemplary commitment from our team of experts.