Global economic growth has already begun to move towards emerging countries. As one of the world's fastest-growing economies, India provides numerous prospects for firms wishing to develop their operations in India. To penetrate into India's growing commercial sector, you must have a physical presence. However, the correct kind of presence may make or break a situation.

With a population of 1.3 billion people, India is a popular business destination for individuals all over the world. Establishing a business in a foreign country, especially a developing country like India, necessitates the correct professional assistance. From the establishment of the Liaison Office through the establishment of branch offices and project offices, HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS will provide you with the necessary help.

Internal Audit

Internal auditing is not limited to financial transactions; it also includes assessing internal processes and controls to guarantee efficiency and economy of resource utilization. This necessitates a thorough examination of the entity's activities, processes, and internal controls, as well as an assessment of management's effectiveness

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS strives to provide high-quality services. We ensure that the organization follows all relevant sets of laws and procedures, and we expose any weaknesses, providing solutions.

Management Audit

The managerial revolution has been the biggest revolution that the world has faced in recent years. The outlook and composition of the management have also been greatly impacted due to this revolution. All the streams of activities of an organization are being monitored and audited under a management audit. It starts from the top management to ground levels and vice versa. Management audit aims at keeping a check on the smooth and satisfactory functioning of the general manager in an organization.

A management audit is said to be “Audit of Management”. It is a check and review of plans, objectives, decisions, and policies of the top management. It is a test for review of the quality of managing. The management audit aims at checking if the management uses techniques and relevant information for evaluating the options to take operative and strategic decisions

GST Audit

The GST law requires audit of the monthly compliances by way of an audit attached to the Annual Return. It is critical to for the taxpayers to start focusing on the audit of compliances under GST law and input and output reconciliations form a critical part of the GST audit certification. The audit of Annual return (also known as GST audit) lays the foundation for the first external verification/ assessment under the GST law.

We, at HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS believe in offering qualitative value added services encompassing a comprehensive review of all GST records along with our recommendations on strengthening internal controls for appropriate data entry, data recording, data analysis and data requirements for compliance.

Due & Diligence Audit

Due & diligence audit is normally carried out before acquiring a business entity or sanctioning loans and credit so as to confirm that the actual facts and the one presented are in conformity. Due diligence is conducted in cases of corporatization, disinvestment, public offerings, leveraged buyouts, lending, financing, venture capital, corporate restructuring, etc.

There are no set standards for due diligence but it is more dependent on the relative and essential facts of the case. HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS works diligently when it comes to auditing and building up a comprehensive model for the business.

Income Tax Audit

The CBDT has imposed onerous responsibilities on the auditor under direct taxes through the Income Tax Act 1961, which contains different sections demanding a mandatory Tax audit. The Income Tax Act of 1961 has a number of clauses that require public charitable trusts, corporate and non-corporate assesses, and others to undertake a tax audit of their accounts for tax reasons.

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS is well-known for providing its clients with high-quality services. The professional team assists in the development of plans and an effective management system that improves operations and adds significant value to the organization. We at HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS think that Tax Audits should be viewed as a value-added activity rather than a compliance exercise.

Information System Audit

In today's business world, technology and business coexist, therefore being up to date on emerging technologies in business is critical. All of these factors combine to make information technology an inseparable component of the business. Technology evolves on a regular basis, as do the threats to technology. As a result, periodic information system audits for businesses are critical.

At HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS, we understand the importance of data and how information security must be a key priority for every firm. We also understand how new technology is put into the market on a daily basis. As a result, we assist clients by delivering every available service in the Information System audit, allowing them to focus on their business processes.

Statutory Audit

The Companies Act of 2013 governs corporations. Every company registered under the Companies Act 2013 is required by this act to have its accounts audited. As a result, an audit performed for such a company that is governed by Company law will be referred to as a statutory audit.

While conducting an audit, all of the laws established by the Companies Act, as well as the generally acknowledged auditing standards, must be followed. The applicable accounting rules must also be followed. HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS has extensive expertise in assisting clients in carrying out statutory audits in a methodical and wellplanned manner.

Advisory and Compliance in Corporate Law

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS has extensive experience navigating clients through the intricate interaction of corporation laws read in conjunction with other economic laws. Our consulting team has extensive experience in corporate and related legal analysis, structuring, and counselling clients. Our clients benefit from our team's multifaceted knowledge and respect our in-depth experience, availability, and active participation throughout the engagement.

Our business law consultation services are available to both domestic and foreign enterprises wishing to establish a presence in India. We also assist international directors in completing due diligence and providing quarterly updates on their companies' compliances.

Corporate Tax Planning

When it comes to business tax preparation, most entrepreneurs will agree that taxation presents the most dynamic and complex issues. Most of us are aware that tax, regulatory, and legal developments have a substantial impact on business operations.

Having the views of competent tax specialists on your side might significantly help you with tax planning. We have a team of corporate tax and international tax professionals at HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS. Our competent domestic and international tax planning professionals' hands-on knowledge can help you organize your firm optimally.

Certificate-related work

A "certificate" is an official document that verifies a fact. A certificate may be required to attest any basic fact such as a person's date of birth, marriage, or death, or it may be required to attest any critical fact such as a person's medical status, financial numbers, achievement in any course or training, and so on.

Individuals, partnerships, corporate entities, and business entities all require certification from Chartered Accountants under various legislation, rules, regulations, and procedures in India and internationally.

This is regarded as one of the most extensive and necessary services provided.