Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation.

• Ensuring compliance with policies, procedures and statutes.

• Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.

• Checking the genuineness of the expenses booked in accounts.

• Reporting inefficiencies at any operational level.

• Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.