Profile

Statutory Audits:

One of the objectives of carrying out Statutory Audit is to express an opinion on financial statements prepared by the Bank while carrying out the work. Effective planning is essential for the success of each audit. Our planning process addresses the following points:

• Establishing an audit program (time table)
• Selecting and deploying proper staff
• Examining key risk areas and critical issues
• Regular communication with management
• Setting out a program for audit fieldwork

Internal Audits:

We provide internal audit services to the Bank for various of its Branches situated in the state of Gujarat. We assist in improving internal accounting and control systems, benefiting the bank by way of cost savings and improved profitability.

Concurrent Audits:

Concurrent audit involves examining financial transactions at the time they occur, acting as an early warning system for the timely detection of irregularities and preventing fraudulent transactions.

Stock Auditing:

Stock Audit confirms the accuracy, value, quantity, existence, and ownership of stock.

System Audit:

Our team and partners are well-equipped to take up assignments related to system computerization and system audits for various entities.

Taxation (GST):

We counsel on a range of taxation laws, including Direct Tax Laws, Service Tax, Central Excise, VAT, and others.

Foreign Exchange Regulations:

We assist in import/export transactions and offer auditing services for transactions at various branches involving Foreign Exchange. We also provide advice to Non-Resident Indians (NRIs) on investing in India.

Outsourcing Work:

We establish setups at various centers in Gujarat for outsourced work such as verification, collection, processing of credit facilities, call centers for product marketing, legal verification, and more.

Management Consultancy:

We offer consultancy to clients seeking new market ventures in Gujarat, assisting in business plans, feasibility studies, and decision-making using various costing, finance, and analytical tools.

Business Finance:

With extensive experience working with banks and financial institutions in the state, we are in a strong position to develop and implement new financial products for clients at a national level.

NGO’s:

From registration to conducting statutory audits, we provide a wide range of services for Non-Profit Organizations (NGOs) to focus on their core mission of social betterment and sustainable development.

The Elixir Difference

To ensure that our clients are served in the most beneficial manner, we have adopted a holistic approach by providing customized plans to achieve unique objectives and offering unbiased solutions with value addition, personalized care, and innovative investment solutions.

We stay true to our independent approach and our commitment to putting the client first in everything we do.