Audit & Assurance

Financial Review • Controls • Compliance

Audit & Assurance Services

Structured Review. Stronger Controls. Better Confidence.

Professional audit and assurance support focused on financial accuracy, internal controls, risk assessment, compliance and reliable financial reporting.

Services Across India
Structured Audit Approach
CA & CMA Professional Support

Professional Audit & Assurance Support

Audit and assurance assignments are supported by qualified Chartered Accountants and Cost and Management Accountants according to the nature, professional authority and scope of the engagement.

Our approach focuses on structured review, financial accuracy, internal controls, compliance and clear communication of material observations.

Our Audit Services

Audit & Assurance Support for Different Business Needs

Each engagement is planned according to the organisation, objective, applicable requirements, available records and agreed scope of work.

Internal Audit

Review of internal controls, accounting systems, operational processes, risk areas and compliance procedures to identify weaknesses and areas for improvement.

Statutory Audit Support

Assistance with preparation of books, schedules, reconciliations and supporting information required during an applicable statutory audit. Where necessary, our Accounting & Bookkeeping Services can support preparation and organisation of financial records, subject to applicable independence requirements.

GST Review & Reconciliation

Review and reconciliation of books with GST returns, input tax credit records, turnover, tax liability and supporting information. For return and registration support, see our GST Services .

Stock Audit

Review of inventory records, stock movement, physical verification procedures, valuation methods and related inventory controls according to the agreed scope.

Process Audit

Evaluation of selected business processes to identify control gaps, duplication, delays, operational risks and areas for process improvement.

Compliance Audit

Review of adherence to applicable tax, corporate, financial and organisation-specific compliance requirements within the agreed scope.

Cost Audit & Cost Records

Support with maintenance and review of cost records, cost statements, production and consumption data, reconciliations and documentation required under applicable requirements.

Forensic Review Support

Focused examination of selected transactions and records to identify unusual patterns, exceptions, inconsistencies or matters requiring further review.

Scope of Review

What May Be Covered During an Audit or Review?

The exact scope depends on the objective and nature of the engagement. Review procedures may cover financial records, reconciliations, statutory compliance, internal controls, documentation and selected business processes.

Material observations and unresolved differences may be discussed with management or the responsible team for clarification and appropriate corrective action.

Books of account
Financial statements
Bank reconciliations
Customer and vendor balances
Revenue and expenses
Assets and liabilities
Inventory and valuation
Cost records and cost statements
GST and TDS records
Internal financial controls
Approval procedures
Payroll records
Production and consumption data
Unusual or exceptional transactions
Our Audit Process

A Clear and Systematic Audit Workflow

The engagement progresses from understanding the requirement and collecting relevant information to review, discussion and reporting.

Understand the Requirement

We understand the business, engagement objective, reporting expectation and proposed scope of work.

Collect Information

Relevant books, financial statements, returns, schedules and supporting records are identified and organised.

Review & Verify

Selected transactions, balances, reconciliations, controls and compliance records are reviewed according to the agreed scope.

Identify Observations

Errors, unresolved differences, control weaknesses, unusual items and compliance gaps are identified where applicable.

Discuss Findings

Material observations are discussed with management or the responsible team to obtain clarification and supporting evidence.

Report & Recommend

Findings and practical recommendations are documented or communicated according to the nature and agreed scope of the engagement.

Documents & Records

Records Generally Required

  • Trial balance and ledgers
  • Financial statements
  • Bank statements
  • Sales and purchase records
  • Expense and journal vouchers
  • GST returns and reconciliations
  • TDS records and challans
  • Fixed asset register
  • Inventory records
  • Cost sheets and cost records
  • Receivable and payable balances
  • Production and consumption data
  • Loan and investment records
  • Relevant agreements and documents

The exact document requirement varies according to the nature, objective and scope of the audit or review.

Who We Support

Audit Support for Different Entities

  • Proprietorship businesses
  • Partnership firms
  • Limited Liability Partnerships
  • Private limited companies
  • Public limited companies
  • Startups and MSMEs
  • Trusts and societies
  • Section 8 companies
  • Educational institutions
  • Professionals and consultants
  • Manufacturing businesses
  • Trading and service entities

Service scope is finalised after considering the entity, applicable requirements, available records and specific review objectives.

Our Approach

Structured Review With Practical Communication

Our approach combines structured review, financial understanding and clear communication throughout the agreed engagement.

Systematic Review

A structured approach aligned with the agreed objective and scope of the engagement.

Detailed Verification

Focused review of relevant financial records, reconciliations, controls and supporting information.

Clear Observations

Clear communication of identified exceptions, gaps and potential corrective measures.

Confidential Handling

Responsible handling of business information, financial records and engagement-related documentation.

Professional Responsibility

Audit Engagements and Professional Authority

Audit and assurance work is undertaken according to the nature of the assignment, applicable law, professional requirements and the authority required for the particular engagement.

Chartered Accountant Reserved Work

Statutory audits, tax audits and certificates or attestations that are legally reserved for a Chartered Accountant are signed only by a Chartered Accountant holding the required professional authority.

Cost Accountant Reserved Work

Cost audit reports and certifications that are legally reserved for a Cost Accountant are signed only by a Cost Accountant holding the required professional authority.

Independence & Non-Audit Services

Where applicable independence requirements restrict services for an audit client, certain non-audit services may not be undertaken for the same client. The permitted scope is determined according to the applicable law, professional requirements and the specific engagement circumstances.

Supporting review, reconciliation, documentation and engagement assistance are carried out according to the applicable scope, professional requirements and relevant legal provisions.

Frequently Asked Questions

Common Questions About Audit & Assurance Services

What is the difference between internal audit and statutory audit?

Internal audit generally focuses on internal controls, processes, risks, compliance and opportunities for operational improvement. A statutory audit is conducted when applicable law requires an independent audit and report by an authorised professional.

Is internal audit compulsory for every business?

No. Legal applicability depends on the type and size of the entity and the relevant statutory criteria. Organisations may also undertake internal audits voluntarily to strengthen controls and risk management.

What is generally reviewed during tax audit preparation?

Depending on the applicable requirements, review may include books of account, financial statements, income and expense records, statutory dues, specified transactions, reconciliations and supporting schedules required for the tax audit.

Can you assist before a statutory or tax audit begins?

Yes. Assistance may include organising books and records, preparing schedules, completing reconciliations, identifying documentation gaps and coordinating information required for the audit, subject to applicable independence requirements.

Which documents are generally required for an audit or review?

Requirements may include trial balance, ledgers, financial statements, bank records, invoices, tax records, reconciliations, inventory records, fixed asset records and relevant agreements. The final list depends on the engagement scope.

Do you provide stock audit support?

Yes. The agreed scope may include inventory records, stock movement, physical verification procedures, valuation and review of related inventory controls.

Do you provide process and compliance audit support?

Yes. Selected processes and compliance areas may be reviewed to identify control gaps, inefficiencies, documentation weaknesses and deviations from applicable requirements or internal procedures.

Do you provide cost audit and cost records support?

Yes. Support may include cost records, cost sheets, production and consumption data, reconciliations and relevant documentation. A cost audit report, where legally required, is signed only by an authorised Cost Accountant.

Will business information and audit observations remain confidential?

Business records and engagement information are handled responsibly and confidentially, subject to applicable legal, regulatory and professional requirements.

Do you provide audit and assurance support across India?

Yes. Support may be provided remotely or through an agreed working arrangement depending on the nature, location, records and scope of the assignment.

Important Note

The information on this page is general in nature. Audit applicability, professional authority, independence requirements, reporting requirements, documentation and procedures may vary depending on the entity, applicable law, regulatory framework and facts of the engagement. The final scope should be determined after reviewing the specific requirements and relevant records.

Last updated: September 2026
Discuss Your Requirement

Need Professional Audit Support?

Speak with us about internal audit, audit preparation, reconciliations, cost records, stock review, controls, process review or compliance verification.

Scroll to Top