100% Compliance Support
All Financial Services in One Place
This is the era of computers!
Almost everything around us is affected by technology & computers.
It is without question as to why computers have now taken over managing a bulk of financial operations.
The speed and the accuracy they offer in performance of tasks and in delivering results is unmatched and is therefore the reason why Banking operations are becoming computerised with every day passing.
Not all is perfect with computer systems. They can be breached and important data can be stolen, even worse someone can loot you to the brink of Bankruptcy.
It is why system audits were put into place.
The objective of a systems audit is to validate the integrity of the information stored in the database of information systems and how they are processed.
An audit trail or audit log is a security record which consists of who has accessed a computer system and what operations are performed during a given period of time. Audit trials are used to do detailed tracing of how data on the system has changed.
It provides documentary evidence of various control techniques that a transaction is subject to during its processing. Audit trails do not exist independently. They are carried out as a part of accounting for recovering lost transactions.
Data processing auditors audits the usage of computer systems in order to control it. The auditor needs control data which is obtained by the computer system itself.
Tax Robo offers System Audits assistance to its clients, ensuring their precious data is secure from the hands of breachers and fraudsters.
Scope of Audit Services
Internal Controls Are Designed To Provide Reasonable Assurance Regarding The Achievement Of Objectives In The Following Categories:
✓ Reliability and integrity of Financial Products and operational information.
✓ Effectiveness and efficiency of operations and programs.
✓ Safeguarding of assets.
✓ Compliance with laws, regulations, policies, procedures, and contracts.
Internal Audit Assists The Company In Maintaining Effective Controls By Evaluating Their Effectiveness And Efficiency And By Promoting Continuous Improvement As Part of Our Internal Auditing And Consulting Activity.
Finance and Accounts Controls
✓ Test Of Controls – Internal Controls
✓ Cash & Bank Payments & Receipts
✓ Bank Reconciliation Statements
✓ Travel & Advances Verification
✓ Transporters Bills Verification
✓ Suppliers Payment Verification
✓ Deposits & Interest Accounting
✓ Loan Accounting & Repayments
✓ Custody of Physical Cash Surprise Verification
✓ Sales Invoice Accounting and income recognition
✓ Documentations / Filings
How it Works
✓ You fill out the inquiry form.
The client relations team calls or emails you.
Understanding of requirements.
✓ Ballpark estimate (if possible).
✓ Proposal (if required).
✓ Approval to go ahead.
✓ Contracting & SLA sign-off
Resource deployment & training
Project kick-off meeting
✓ Project execution & management
On-going reporting & feedback
✓ Work delivery to the client
Client feedback and review
Compliances of Statutes
- TDS Compliances
- Services Tax Compliances
- PF & ESI Compliances
- Professional Tax Compliances
- Income Tax Compliances
- Others Statutory Compliances
Fixed Asset Controls
- Fixed Asset Accounting
- Fixed Asset register Maintenance – with Location
- Asset Deletion Accounting & Recognition
- Insurance details for Fixed Asset
Analysis of Various general Ledger Transactions and Balances
- Setup a Internal Controls Systems for smoothening the functions
- MIS Reports for Managements
- Collections and Follow-ups in Excel data Sheet
- Budgetary Controls
- Documents Maintenance Controls and Supports
Tax Robo Team and Process
- Surprise Verification
- Associated Firms In Tamilnadu
- Strength Is Our Branches
Various Internal Controls
Segregation Of Duties: Duties Are Segregated Among Different People To Reduce The Risk Of Error Or Inappropriate Action. Normally, Responsibilities For Authorizing Transactions (Approval), Recording Transactions (Accounting) And Handling The Related Asset (Custody) Are Divided.
Approvals, Authorizations, And Verifications: Management Authorizes Employees To Perform Certain Activities And To Execute Certain Transactions Within Limited Parameters. In Addition, Management Specifies Those Activities Or Transactions That Need Supervisory Approval Before They Are Performed Or Executed By Employees. A Supervisor's Approval (Manual Or Electronic) Implies That He Or She Has Verified And Validated That The Activity Or Transaction Conforms To Established Policies And Procedures.
Security Of Assets (Preventive And Detective): Access To Equipment, Inventories, Securities, Cash And Other Assets Is Restricted. Assets Are Periodically Counted And Compared To Amounts Shown On Control Records.
Detective Controls Are Designed To Find Errors Or Irregularities After They Have Occurred. Examples Of Detective Controls Are:
- Reviews of Performance: Management compares information about current performance to budgets, forecasts, prior periods, or other benchmarks to measure the extent to which goals and objectives are being achieved and to identify unexpected results or unusual conditions that require follow-up.
- Reconciliations: An employee relates different sets of data to one another, identifies and investigates differences, and takes corrective action, when necessary.
- Physical Inventories
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" Always available and Extremely Knowledgeable, and a Tremendous "Can-Do" Attitude. Our Company was on a tight timeline and strict budget to Company Registration of a Private Limited Company, and will was the perfect partner. His Guidance and advise was valuable in Company Registration and Tax Compliance Which easily exceeded my expectations... the entire company was thrilled with it! Without any hesitation... highly recommended."
" Filing Income Tax Returns was always a Tricky Business. I once received a notice from Tax Officials starting I was disguising my total annual Income. Turns out I had missed mentioning one small point in my application. It was a troublesome experience. It was then I decided I would seek professional help. TAXROBO came into the picture after some research & I'm glad I found them. They took it upon themselves to compute my taxes precisely & also suggested tips to Invest in certain instruments to save the Tax Money. "