Audit & Assurance Overview
Our Audit & Assurance services provide independent, risk-focused evaluations that strengthen financial transparency, regulatory compliance, and corporate governance. From statutory, tax, internal, and forensic audits to financial reporting advisory, IPO readiness, transfer pricing, certifications, and agreed-upon procedures, we deliver reliable assurance solutions that enhance stakeholder confidence, improve operational efficiency, and support informed business decisions.
Statutory Audit
- Audit of financial statements of a Company designed and performed to comply with the requirements of the Companies Act, 2013 and communicating appropriate opinion on the financial statements.
Tax Audit
Examination of books of accounts ensuring accuracy of reported income and compliance with the Income Tax Act, 1961 for businesses and professionals crossing prescribed turnover or receipt limits under section 44AB and filing audit report in Form 3CA/3CB and Form 3CD with the Income Tax Department.
Internal Audit / Management Audit
An independent and objective assurance conducted to evaluate and improve risk management, control, and governance processes thereby helping management ensure compliance with policies, safeguard assets, and improve operational efficiency.
Audit of Internal Controls Over Financial Reporting (ICFR)
Evaluating an organization’s internal controls to ensure that they are designed and operating effectively to meet objectives like financial accuracy, operational efficiency, and compliance with laws and regulations.
Limited Reviews
An assurance exercise primarily focussing on inquiries and analytical procedures for providing limited (or moderate) assurance that no material modifications are needed for financial statements to be in conformity with an applicable financial reporting framework.
IPO Audit & Readiness Assessment
Assisting organisations preparing to go public (either within India or outside) with an IPO readiness assessment, conducting comprehensive financial audit and issuance of consent letters, comfort letters and related reporting / certification works required as per regulations.
Financial Reporting Advisory
Evaluating and providing solutions to comply with financial reporting standards (such as IFRS, US GAAP, or local GAAP) for complex transactions and accounting changes to improve the quality, transparency, and efficiency of the financial reporting.
Concurrent Audit
Assurance engagement for performing an ongoing and real-time examination of financial transactions and operations conducted parallel to business activities helping in early detection of errors, frauds, or regulatory non-compliance.
Stock Audit
Verifying the existence, accuracy, and ownership of an organisation’s inventory – ensuring that the recorded inventory in the books matches the physical inventory on hand and complies with accounting standards.
Forensic Audit
Detailed examination of financial records to detect fraud, misstatements, misappropriation or financial misconduct by combining accounting, auditing, data analysis and investigative techniques to uncover irregularities and support dispute resolution or litigation.
Transfer Pricing Audit
Audit conducted under section 92E of the Income Tax Act, 1961 for examination and documentation of covered transactions with associated enterprises to ensure that the pricing is at Arm’s Length Price (ALP) and furnishing report in Form 3CEB.
Certifications
Issuing independent certifications on financial or non-financial data as required by regulators, lenders, or stakeholders such as certification for overseas remittances in Form 15CB.
Special Purpose Audit
Performing and reporting on assurance engagements tailored to meet the needs of specific laws, regulators, lenders, or investors such as RBI guidelines, group reporting audit, loan covenant audit, etc.
Agreed-Upon Procedures (AUP)
Attestation engagement for performing specific, mutually agreed-upon procedures with stakeholders and reporting factual findings without expressing an opinion providing targeted focus and cost-effective solutions to a full audit.