Assurance Services

Our firm conducts audit of many of the world’s best-known companies and other organizations both medium and small enterprise.

We offer services which are destined to achieve desired business objectives of our valued clients. We further ensure efficient management of risks within organization in various operational activities. Our audit approach is tailored to suit the size and nature of your organization and draws upon our extensive industry knowledge.

Lochan & Co. provided assurance services to one of the leading Non Ferrous Metal Manufacturing ISO 9001-2000 Company offering innovative, cost effective and high quality product. Our Client is one of the leading manufacturer of Lead, Tin, Aluminum, Copper, Silver oxides and alloys.

We covered the areas that are critically analyzed by the excise department. We audited the Balance sheet of our client and the related Profit and Loss Account and Cash Flow Statements.

Our responsibility involved to express an opinion on these financial statements based on our audit. By carrying out audit in accordance with auditing standards generally accepted in India, we provided the recommendations on various areas. Our audit procedure includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. It also included assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation.

Our audit became a reasonable basis for our opinion. Lochan & Co. advocated its findings to the client which helped the client in overcoming the lacuna in the company operations in the financial area; our recommendations helped the management to benchmark its system with the best in the industry.