RESEARCH PROJECT ON

“A STUDY ON TAXATION AUDITING SERVICES PROVIDED

BY A DEWAN & ASSOCIATES”

A PROJECT SUBMITTED TO
UNIVERSITY OF MUMBAI
FOR PARTIAL COMPLETION OF THE DEGREE OF BACHELOR IN
COMMERCE (ACCOUNTING AND FINANCE) UNDER THE
FACULTY OF COMMERCE

BY

MR. VAIBHAV RAMDAS NARKAR.

ROLL NO. 135
CLASS: TYBAF/C
PRN NO: 2019300527

UNDER THE GUIDANCE OF

Prof. MRS SINDU NATUVETTY

VPM’S
K. G. JOSHI COLLEGE OF ARTS &
N.G. BEDEKAR COLLEGE OF COMMERCE (AUTONOMOUS)
CHENDANI BUNDER ROAD
THANE-400601

FOR THE ACADEMIC YEAR 2021 – 22

I
 Date: 21st February, 2022

Vidya Prasarak Mandal, Thane

K.G. JOSHI COLLEGE OF ARTS &

N.G. BEDEKAR COLLEGE OF COMMERCE, AUTONOMOUS,THANE.

CERTIFICATE
OF
PROJECT WORK
This is to certify that

Mr.Ms VAIBHAV RAMDAS NARKAR

of B.Com(Accounting & Finance) Semester - VI Roll No. 135 has undertaken &

completed the project work titled A Study on TAXATION AUDITING SERVICES

PROVIDED BY A DEWAN & ASSOCIATES.

during the academic year 2021-22 under the guidance of

Mr./ Ms. SINDU NATUVETTY

Submitted on 26th February, 2022 to this college in fulfilment of the curriculum

of BACHELOR OF COMMERCE (Accounting and Finance)

UNIVERSITY OF MUMBAI

This is bonafied project work & the information presented is True &

original to the best of our knowledge and belief.

PROJECT COURSE EXTERNAL PRINCIPAL

GUIDE CO-ORDINATOR EXAMINER

II
 Declaration

I the undersigned Mr.VAIBHAV RAMDAS NARKAR here by, declare that the work
embodied in this project work title “A study on Taxation auditing services provided by a
dewan & Associates” Forms my own contribution to the research work carried out under
the guidance of Mrs. Sindu Natuvetty is a result of myown research work and has not been
previously submitted to any other University for any other Degree/ Diploma to this or any
other University.
Wherever reference has been made to previous work of others, it has been clearly indicated
as such and included in the bibliography.
I, here by further declare that all information of this document has been obtain and presented
in accordance with academic rules and ethical conduct.

(Mr. Vaibhav Ramdas Narkar)

Certified by,
(Mrs. Sindu Natuvetty)

III
 Acknowledgement

To list who all have helped me is difficult because they are so numerous and the depth is
so enormous.
I would like to acknowledge the following as being idealistic channels and fresh dimension
in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance to do this
project.
I would like to thank my Principal, Dr. Suchitra A. Naik madam for providing the
necessary facilities required for completion of this project. I take this opportunity to thank
our Coordinator Dr. Neelam Shaikh madam, for her moral support & guidance.
I would also like to express my sincere gratitude towards my project guide Mrs. Sindu
Natuvettty Mam, whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference books
and magazines related to my project.
Lastly, I would like to thank each and every person directly or indirectly helped me in the
completion of the project especially my Parents and Peers who supported me throughout
my project.

IV
 Index

Sr. Topic Page No

No.

ii CERTIFICATE ii

iii DECLARATION iii

iv ACKNOWLEDGEMENT Iv

vi EXECUTIVE SUMMARY vi

v INDEX v

1 Chapter 1: INTRODUCTION 1-7

2 CHAPTER 2: REVIEW OF LITERATURE 8-10

3 CHAPTER 3:RESEARCHMETHODOLOGY 11-18

4 CHAPTER 4 : DATA COLLECTION 19-21

5 CHAPTER 5: DATA ANALYSIS 22-47

6 CHAPTER 6: FINDINGS AND SUGGESTIONS 48-52

7 CHAPTER 7: CONCLUSION 53-54

8 BIBLOGRAPHY 55

9 ANNEXURE 56-64

v
 EXECUTIVE SUMMARY

The project that I worked upon is titled as “STUDY OF FINANCIAL STATEMENT &
AUDITING SERVICES PROVIDED BY DEVENDRA DAHIYA &
COMPANY”. It was completed after a depth analysis of the particular client’s Financial
statements.

In this project, I have studied the firm’s clients financial statements, analyzing their growth,
performance and any abnormal losses occurrence, which I observed while assisting the auditor,
during the audit of the particular client’s business.

The project also discusses about how chartered accountants firms conducts tax audit of the
client’s companies which is statutory in nature.

The primary data has been collected by obtaining the necessary set of book of accounts,
financial statements, vouchers, past audit reports etc. from the client’s accounts office. Also, I
did a parallel study about the effectiveness of the financial services rendered by the CA firm
and why is it necessary for the companies to get the audits done.

In this project, I have also mentioned about the various types of advanced auditing, brief
description about the taxation and their usage and necessity along with the analysis and
interpretation of the data, gathered through the primary and secondary sources. I also gathered
information, views of the clients to examine the effectiveness of the working behavior and the
services provided by the CA firm and the extent of client satisfaction by personally
interviewing the staff.

vi