Auditors in Mumbai

FAQ - Auditors in Mumbai

• How many types of auditors are there?

  Auditors are the professionals who are authorized to review as well as verify the financial records of the companies. They assess the financial operations of the organization and ensure that they comply with the tax laws. There are several types of auditors

  • Internal Auditors: Internal auditors are the professionals who are hired by the organizations that provide in-house evaluations of the financial as well as operational business activities. They submit their findings and provide tips for running the business in a better way.
  • External Auditors: External auditors are the experts who offer their exclusive services to perform an unbiased audit of the financial records of the different types of organizations. The government agencies, the general public, and investors rely on the unbiased report provided by the external auditors.
  • Government Auditors: Government auditors are the professionals that are employed by government agencies for the maintenance and examination of their records. The government auditors analyze the transaction; detect frauds and evaluate the associated risks also.
  • Forensic Auditors: Forensic auditors are the auditors who specialize in crime. They are hired by law enforcement organizations for identifying financial fraud.

• What kind of services can I expect from the auditors in Mumbai?

  In Mumbai, the reputed and dependable auditors provide a wide range of services. You can hire a qualified auditor for 

  • Outsourced Accounting Services
  • Management Auditing
  • Financial Due Diligence
  • Statutory Auditing
  • Bank Auditing
  • Solicitor Auditing
  • Information Technology Auditing
  • Retail Auditing
  • Safety Auditing
  • Risk Assurance and many others

• Would the auditor visit my office for the auditing?

  In Mumbai, the auditors provide the services at their office, on the client’s place, and over the phone as well.

• How much do the auditors in Mumbai charge?

  The charges of auditors depend on an array of factors such as the experience of the expert, type of organization, turnover of the organization, type of services required, and many others. Before, you hire an expert, it is advisable to discuss the fee.

• What are the benefits of hiring an auditor in Mumbai?

  Hiring an external auditor for the organization is advantageous because

  • The expert review financial information and identify the weaknesses
  • The expert educates the business owners to improve the accounting process
  • The accountants provide information on the legal as well as tax issues
  • The expert discovers the errors in the accounting process and helps them in making the best decisions

• Which factors do I need to consider while hiring an auditor in Mumbai?

  If you are looking for an auditor for your firm, do not forget to consider the following major aspects

  • The reputation of the auditing firm
  • The experience of the charted accountant
  • Type of service you require
  • Service charges
  • Mode of payment
  • License and many others