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Zumosun Soft Invention Private Limited

Vaishali Nagar, Jaipur, Rajasthan

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Auditing Services

Prominent & Leading Service Provider from Jaipur, we offer GST Refund, PF Return Filing, Statutory Compliance Audit, Marketing Communication Audit, Process Audit and Management Audit.

GST Refund
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GST Refund

Rs 1 / PackGet Latest Price

Location/CityJaipur
DocumentOnline
TypeGst Registration
Type Of Service ProviderTax Consultant

GST Payments and refunds processes are smooth in the GST regime. The process of payment of taxes & refunds claim would be complete..

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PF Return Filing
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PF Return Filing

Rs 1 / PackGet Latest Price

Type Of IndustryFirm
LocationIndia

The filing of returns must be completed by the 25th of each month. This article deals with the filing of provident fund returns, and the various forms through which the purpose must be fulfilled. Employers can now easily file PF return through the Unified Portal

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Statutory Compliance Audit
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Statutory Compliance Audit

Rs 4,500 / ServiceGet Latest Price

LocationAll Over India
Sevice Duration3 Days
Sevice ModeOnline

The elements of this Statutory Compliance Audit carry a mandatory requirement in that Duty Holders have a legal obligation to ensure that their premises are compliant. This audit identifies the extent to which the facilities comply with these statutory regulations. This important audit identifies whether staff and visitors (including people with disabilities) are able to operate within a building without detriment to their well-being and confirms that the building environment does not compromise the quality of service that staff are able to provide. It lists not only recommendations for improvement where items are mandatory but will suggest improvements for the general safety and welfare of building users. These regulations apply to a wide range of workplaces, not only factories, shops and offices but also schools, hospitals, hotels and places of entertainment.

Types of Satutory Compliance Audit:
  • Statutory compliance audit in accounting.
  • Statutory compliance audit in finance.
  • Statutory compliance audit in banking.
  • Statutory compliance audit in human resource.
  • Statutory compliance audit in payroll.
  • Statutory compliance audit in taxation.

Objectives:
Effectiveness Assessment
Through Compliance Audit, the management will quickly identify the issues of the company that needs to be addressed. Instead of spending time on Benchmarking, compliance audit plus self-assessments are better in solving the concerns of the companyHaving a compliance audit program performed each year will enable the management to identify and manage program priorities, learn potential weakness and develop a consistent processAnother benefit is those relevant findings can be addressed immediately. Compliance reviews can be focused on specific geographic operations or functions such as the third-party due diligence and contractingCompliance program audits also provide important metrics that can be used as a basis to report it to the company’s management. The management can also learn valuable information by comparing audit data from one year to another. This information, in turn, provides relevant data for assessing the compliance program.With a compliance audit, the company will produce more effective strategies to improve their company. Knowing the errors is an effective way to improve and knowing all the things that needed to be avoided.A main objective of conducting an internal or external compliance audit is to assess the overall effectiveness of a business’s compliance practices and protocols. While examining processes and transactions, a compliance auditor must determine whether the item being examined complies with established standards.

Deficiency Identification
A compliance audit also uncovers intentional or unintentional weaknesses or deficiencies in a compliance program. The many and ever-changing standards and regulations with which the business must comply can sometimes cause compliance programs to be weak or unintentionally deficient

Ongoing Verification
Compliance programs found to be lacking may be assigned corrective actions to correct the deficiency or deficiencies. When this happens, verification becomes an objective in a follow-up audit or the next annual compliance audit.

Program Improvement Recommendations:
A final audit report presented to the business owner reveals an additional objective of a compliance audit
In addition to a written effectiveness assessment, a final report often includes suggestions and recommendations for how the business owner can improve the program.

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Marketing Communication Audit
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Marketing Communication Audit

Rs 3,500 / SeviceGet Latest Price

Sevice Duration2 Days
Sevice LocationAll Over India
Sevice ModeOnline

The Marketing Audit refers to the comprehensive, systematic, analysis, evaluation and the interpretation of the business marketing environment, both internal and external, its goals, objectives, strategies, principles to ascertain the areas of problem and opportunities and to recommend a plan of action to enhance the firm’s marketing performance. The marketing audit is generally conducted by a third person, not a member of an organization.

Components:

Macro-Environment Audit:
It includes all the factors outside the firm that influences the marketing performance. These factors are Demographic, Economic, Environmental, Political, and Cultural.
Task Environment Audit:
The factors closely associated with the firm such as Markets, Customers, Competitors, Distributors and Retailers, Facilitators and Marketing Firms, Public etc. That affects the efficiency of the marketing programs.
Marketing Strategy Audit:
Checking the feasibility of Business Mission, Marketing Objectives and Goals and Marketing Strategies that have a direct impact on the firm’s marketing performance.Marketing Organization AuditEvaluating the performance of staff at different levels of hierarchy.
Marketing Systems Audit:
Maintaining and updating several marketing systems such as Marketing Information System, Marketing Planning System, Marketing Control System and New-Product Development System.
Marketing Productivity Audit:
Evaluating the performance of the Marketing activities in terms of Profitability and Cost-Effectiveness.
Marketing Function Audit:
Keeping a check on firm’s core competencies such as Product, Price, Distribution, Marketing Communication and Sales Force.
Marketing audit process:
Following are the steps for conducting a marketing audit:
  • Assemble an Overview of Your Company.Describe Your Marketing Goals and Objectives.Describe Your Current Customers.Describe Customers You’d Like to Target.Describe Your Product or Service.Describe Your Past Business or Marketing EncountersIdentify Three to Six Competitors.Begin to Outline a Communication Plan

Advantages:

Marketing audits reintroduce you to your product or service.Marketing audits remind you of the initial campaign goals so you can adapt and succeed.Marketing audits allow you assess what’s worked, and what hasn’t.Marketing audits uncover inefficiencies that you didn’t know existed..Marketing audits recharge your campaign and spark life into new strategy and direction.

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Process Audit
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Process Audit

Rs 4,000 / SeviceGet Latest Price

Sevice Duration3 Days
Sevice LocationAll Over India
Sevice ModeOnline

A process audit is an examination of results to determine whether the activities, resources and behaviours that cause them are being managed efficiently and effectively. A process audit is not simply following a trail through a department from input to output - this is a transaction audit. Processes generate results therefore for an audit to be a process audit it has to establish whether the results are being generated by an effectively managed process.

Types:

Auditing by Element:
Auditors use various auditing techniques to collect evidence based on the audit scope and objectives. Auditing a process or system by element verifies compliance or conformance to requirements. The value in this type of auditing technique is the direct linkage to license, contract or regulatory requirements. Auditing a process by element ensures people are aware of the requirements and the organization is adhering to them. It helps prepare employees for external audits using the same criteria

Auditing by Process
Auditing a process or system using process techniques verifies conformance to the required sequential steps from input to output. Process auditors use models and tools such as simple flowcharts, process maps or process flow diagrams. Flowcharts typically identify inputs, people, activities or steps, measures and outputs. The auditor normally gets this information from a procedure or flowcharts provided by the audited organization.

Process:

Economy
Are we acquiring goods and services at the lowest possible prices whilst maintaining the required quality?Are we achieving Value for Money?Where else can we save money?EfficiencyCan we do this task, activity or process in a smarter way?Have we eliminated all the waste we can?Could we do this differently?Do we even need this process?
Effectiveness
Do we know what our customers' expectations are?Are we meeting our customers' expectations consistently?Are we positioned to meet our customers' future needs?

Benefits:

Get More Work Done
The most significant benefit you’ll enjoy from auditing your processes is time savings. The more efficient your processes, the more time you’ll save. The more time you have, the more meaningful work you’ll be able to get done.
Run Projects More Smoothly
Not only will conducting a process audit enable you to spend more time on meaningful casework, but it will also enable projects to run more smoothly, especially as a project passes from one team member to another. A clear process, when understood by team members, leaves less doubt as to what everyone is supposed to be doing for each step of a case.

Take the Guesswork out of Your Daily Workload:
Some days it feels difficult, if not impossible, to juggle all of the tasks you have on your plate. When you’re in the middle of managing several cases, it can be difficult to identify priorities and timelines. Standardizing your process takes a lot of that guesswork out of your daily workload.

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Management Audit
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Management Audit

Rs 4,000 / SeviceGet Latest Price

Sevice Duration4 Days
Sevice LocationAll Over India
Sevice ModeOnline

Management audit can be defined as an objective and independent appraisal of the effectiveness of managers and the effectiveness of the corporate structure in the achievement of company objectives and policies. Its aim is to identify existing and potential management weaknesses within an organization and to recommend ways to rectify these weaknesses”.Management Audit is an important tool for the continuous appraisal and evaluation of the methods and performance of an enterprise. The prime objective of Management Audit is to locate defects of irregularities in the areas covered by the audit and to suggest possible improvements.

Objectives of management audit:
To ensure optimum utilization of human resources and available physical facilities.To point out deficiencies in objectives, policies, procedures and planning.To suggest improved methods of operations.To point out weak links in organizational structure and in internal control system and suggesting improvements.To help management by providing early signals of sickness, ways and means to avoid the same; andTo anticipate problems and suggest remedies to solve them in time.
Scope of Management Audit:
The scope of Management Audit has no limitations. The areas of review depend on the objectives of the businessAccordingly, the scope of Management Audit may include:The suitability, practicability and present compliance or otherwise of the organization with its designated objects and aimsThe current reputation of the organization in relation to the general public and within its own particular industrial or commercial field.The rate of return on investors’ capital – whether poor, adequate or above averageRelationship of the business with its own shareholders and the investing public in general.The ratios of operating returns and the rate of return on capital projects.

Process:
Identify the objectivesBreak- down the objectivesEvaluation of the organisation structureEvaluation of performanceSuggestions and review
Advantages:
]Management audit helps in decision making areas such as make or buy, closing down of an unit, acquisition of a business, etcIt also helps in assessing the efficiency of the executives. It serves as a moral check on the executives.Management audit suggests ways to utilize the resources of the organization effectively.Management audit helps in rehabilitation of sick units.

Weaknesses Revealed by Management Audit:

Weaknesses among the members of the Board of Directors.A lack of awareness among directors and managers of the objectives of the organization and the extent to which these are being achieved, failure to define clearly the objectives and responsibilities of individual managers.Inadequate steps taken to provide adequate finance.Lack of technical competence of managers.Retaining authority by managers for matters which ought to have been delegated.Lack of clear and identifiable management style in the organization.Lack of proper staff/management training.Failure on the part of managers to measure and assess the performance of their subordinates.

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Internal Audit
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Internal Audit

Rs 5,000 / SeviceGet Latest Price

Sevice Duration4 Days
Sevice LocationAll Over India
Sevice ModeOnline

Internal audit means “An independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic management and internal control system’’.

Applicability:
As per section 138 of companies act, 2013 following class of companies shall be required to appoint an internal auditor or a firm of internal auditors, namely;
Every listed company
Every unlisted public company havingPaid-up share capital of fifty crore rupees or more during the preceding financial year; orTurnover of two hundred crore rupees or more during the preceding financial year; orOutstanding loans or borrowings from the bank or public financial institutions exceeding one hundred crore rupees or more at any point of time during the preceding financial year; orOutstanding deposits of twenty-five crore rupees or more at any point of time during the preceding financial year; andEvery private company havingTurnover of two hundred crore rupees or more during the preceding financial year; orOutstanding loans or borrowings from the bank or public financial institutions exceeding one hundred crore rupees or more at any point of time during the preceding financial year:It is provided that an existing company covered under any of the above criteria shall comply with the requirements within six months of commencement of such section.

Basics of standards on internal audit issued by ICAI:
SIA 1:Planning an Internal AuditSIA 2:Basic principles governing internal audit.SIA 3:Documentation.SIA 4:Reporting.SIA 5:Sampling.SIA 6:Analytical procedures.SIA 7:Quality Assurance in internal audit.SIA 8:Terms of internal auditSIA 9:Communication with managementSIA 10:Internal audit Evidence.SIA 11:Consideration of fraud in an internal audit.SIA 12:Internal control evaluation.SIA 13:Enterprise Risk Management.SIA 14:Internal Audit of an Information Technology Environment.SIA 15:Knowledge of the Entity and its Environment.SIA 16:Using the work of an Expert.SIA 17:Consideration of laws and regulation in an internal audit.SIA 18:Related Parties.

Internal audit techniques
Operating environment:
An internal auditor determines how a company operates by asking segment or departmental employees, external auditors, accounting managers, human resources staff and risk specialists. A firm's operating environment describes management's ethical qualities, leadership style and business practices. An internal auditor also could determine how a corporation operates by evaluating industry trends and regulations.
Review control:
An internal auditor determines how a company's segment or departmental controls operate by reading prior audit reports or working papers and by inquiring from segment employees who perform such controls on a regular basis. An auditor applies generally accepted auditing standards (GAAS) to detect mechanisms, procedures, tools and methodologies that build controls.
Test control:
An internal auditor tests a business organization's controls, policies and guidelines to ensure that such controls are adequately designed and are operating effectively. Controls are mechanisms and methodologies a corporation's management put into place to prevent losses due to error, fraud, theft or breaks in technology systems. Effective controls remedy deficiencies and problems properly. Account balances:An internal auditor analyses account balances in a corporation's financial statements to evaluate whether such statements comply with generally accepted accounting principles (GAAP), industry practices and regulatory mandates. An auditor also tests account balances to verify "completeness" and "fairness". 




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Energy Audit
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Energy Audit

Rs 5,000 / SeviceGet Latest Price

Sevice Duration4 Days
Sevice LocationAll Over India
Sevice ModeOnline

The consumptions and utilisation of energy in your company is an important aspect to focus on. we along with our professionals help you in growing efficiently. Energy Audit is a vital link in the entire management chain. The energy manager, while proposing various courses of action and evaluating their consequences, requires a detailed information base to work from energy audit attempts to balance the total energy inputs with its use and serves to identify all the energy streams in the system and quantifies energy usages according to its discrete function. An energy audit is an effective tool for defining and pursuing comprehensive energy management programmes. It has positive approach aiming at continuous improvement in energy utilization in contrast to financial audit which stresses to maintain regularity. An energy audit provides an answer to the question – what to do, where to start, at what cost and for what benefits?

Types of Energy Audit:

Preliminary Audit:
  • Preliminary audit is carried out in the limited time say within 10 days and it highlights the energy cost and wastages in the major equipment’s and processes. It also gives the major energy supplies and demanding accounting. The questionnaire containing the industrial details of energy consumption process carried out, energy need to unit product; load data etc. must be completed before the pre-audit visit.
Detailed Audit:
  • Detailed energy audit, also known as com­prehensive energy audit includes engineering recommendations and well-defined projects with priorities. It accounts for the total energy utilised in plants. It involves detailed engineering for options to reduce energy consumption and also reduce cost. The duration of such studies is generally from 1 to 10 weeks. The action plan in divided into short term, medium term and long-term actions.The short-term action plan requires no capital investment or least investment to avoid energy wastages and minimising non-essential energy uses and improving the system efficiency through improved maintenance programme.The medium-term action plan requires a little investment to achieve efficiency improve­ment through modifications of existing equipment’s and other operations.The long-term action plan is aimed to achieve economy through latest energy saving tech­niques and innovations. The capital investments are required to be studied thoroughly while finalising the long-term action-plan.
Benefits of Energy Audit
  • It helps reduce energy costs in your facility.
  • With a reduction in production costs, the competitiveness of your company will be improved
  • It helps reduce the dependence on foreign energy sources.
  • It helps reduce environmental damage and pollution.
  • It can increase the security of your energy supply.
  • It can reduce the consumption of natural resources.
  • It can reduce damage to the environment associated with the exploitation of resources.
  • It helps reduce the impact of greenhouse gas emissions.

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Income Tax Audit
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Income Tax Audit

Rs 8,000 / SeviceGet Latest Price

Sevice Duration7 Days
Sevice LocationAll Over India
Sevice ModeOnline

There are various kinds of audit being conducted under different laws such as company audit/statutory audit conducted under company law provisions, cost audit, stock audit etc. Similarly, Income tax law also mandates an audit called ‘Tax Audit’. As the name itself suggests, Tax audit is an examination/review of accounts of any business /profession carried out by the taxpayer from an income tax viewpoint. A Tax audit makes the process of income computation for filing of return of income, much easier.

Objectives:
  • Tax audit is conducted to achieve the following objectives:
  • Ensure proper maintenance and correctness of books of accounts and certification of the same by tax auditorReporting of observations/discrepancies noted by tax auditor after a methodical examination of books of accountReporting prescribed information such as tax depreciation, compliance of various provisions of income tax law etc. This in turn enables and also saves time of tax authorities in verifying the correctness of income tax return filed by the taxpayer such as total income, claim for deductions etc.
Forms Required for Tax Audit:
Tax audit report can be presented in two different ways by tax auditors, differing on the basis of the laws under which the accounts have been audited.

Form 3CB and Form 3CD:
For tax audit reports presented under section 44AB of the Income Tax Act,1961, Form 3CB and the prescribed details have to be reported in the Form 3CD.
Form 3CA and Form 3CD:
when a taxpayer prefers to get the accounts audited under any law other than Section 44AB, then the relevant form is Form 3CA, while the prescribed details have to be reported in the Form 3CD.

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Financial Audit
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Financial Audit

Rs 10,000 / SeviceGet Latest Price

Sevice Duration7 Days
Sevice LocationAll Over India
Sevice ModeOnline

Financial Auditing of your company will show Financial stability and will help you in generating new funds. Our professionals will help you grow in the market. A financial audit is an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose of financial audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete.Audits have become increasingly common as the complexity of the two primary accounting frameworks, Generally Accepted Accounting Principles and International Financial Reporting Standards, have increased, and because there has been an ongoing series of disclosures of fraudulent reporting by major companies.

Primary Stage of an Audit:
Planning And Risk AssessmentInvolves gaining of the business understanding of the business and business environment in which it operates, and using this information to asses whether there may be risk that could impact the financial statements.

Internal Control Testing
Involves the assessment of the effectiveness of an entity’s suite of control, concentrating on such areas as proper authorisation, safeguarding of assets, and the segregation of duties. This can involve an array of tests conducted on a sampling of transactions to determine the degree of control effectiveness.

Sustantive Procedure 
Analysis  Cash  Marketable securities  Accounts receivable  Inventory  Fixed assets  Account payable  Accrued expenses  Debt  Revenue  Expenses

Characteristics:

Importance
Enhances quality of business process.An audited financial statement provides a high, but not an absolute level of assurance that’s the amount included in the company’s financial statements and notes to accounts are free from material mis-statements.An unqualified audit report provides the user an audit opinion which states that financial statements are showing true and fair view in all material aspects and are in accordance with generally accepted accounting principles.Financial statement audit provides a level of consistency in financial reporting that user of the financial statements can rely on when analysing different companies and decision making.

Responsibility
Below are the Responsibility for the financial statements-The management is responsible for maintaining an up to date and proper accounting system and finally to prepare financial statements.The auditor is responsible for forming and expressing an opinion on the financial statements.The audit of the financial statement does not relieve the management of its responsibility.

Scope
The auditor decides the scope of his audit having regards to;The requirement of the relevant legislationThe pronouncements of the InstituteTerms of engagementHowever, the terms of engagement cannot supersede the pronouncement of the institute or the provisions of relevant legislation.

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GST Audit
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GST Audit

Rs 1 / PackGet Latest Price

Type Of Service ProviderConsulting Firm
Type Of Service ContractRetainer Based
Requirement TypeCorporate

When a taxpayer has the registration under GST, all the records maintained by him would pass through GST audit.

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