Auditing Services for Businesses and Entities
Audit is an important professional process for reviewing financial records, compliance, internal controls, and reporting requirements. We provide auditing services in accordance with applicable laws, professional standards, and engagement requirements.
Our audit approach focuses on proper documentation, review of financial information, and reporting as per the applicable framework.
Our Auditing Services
We provide assistance in audit-related areas based on applicability, professional standards, records and agreed engagement scope.
Statutory audit
Statutory audit support where applicable based on entity type and legal requirements.
Tax audit
Tax audit under the Income-tax Act where applicable.
Internal audit support
Internal audit support based on the scope agreed with the business.
GST audit/reconciliation support
GST audit or reconciliation support where applicable.
Stock and inventory verification
Support for stock and inventory verification assignments.
Review of books of accounts
Review accounting records, ledgers and supporting documentation.
Compliance review
Review statutory compliance records where relevant to the engagement.
Management reporting support
Reporting support based on audit observations and agreed scope.
Audit documentation support
Working paper and documentation support for audit assignments.
Purpose of Audit
An audit helps in reviewing whether financial records are properly maintained and whether reporting is being done as per applicable requirements. It may also help in identifying process gaps, documentation issues, internal control weaknesses, and compliance-related matters.
Audit requirements may vary depending on the constitution, turnover, nature of business, applicable law, and specific engagement terms.
Our Audit Approach
Understand entity and scope
Understand the entity, business activity and scope of audit.
Collect records and documents
Collect financial records and supporting documents required for review.
Review books of accounts
Review books of accounts and accounting records.
Verify selected transactions
Verify selected transactions and balances as per audit scope.
Review statutory compliance
Review statutory compliance records where relevant.
Discuss observations
Discuss observations, documentation gaps and process matters.
Finalise report or deliverables
Finalise audit report or deliverables as per engagement terms.
Businesses We Support
Companies
LLPs
Partnership firms
Proprietorship concerns
SMEs requiring audit or review
Businesses requiring internal control review
Entities requiring tax audit or statutory audit, where applicable
Documents Generally Required
Books of accounts
Financial statements
Bank statements
Sales and purchase records
Expense records
Fixed asset details
Loan and liability details
Statutory compliance records
Previous audit report, where applicable
Auditing Services FAQs
Do you provide statutory audit services?
Yes, we provide statutory audit services where applicable and subject to professional eligibility, independence, and engagement requirements.
Do you conduct tax audits?
Yes, we assist with tax audits under the Income-tax Act where applicable.
Can you conduct internal audits?
Yes, we provide internal audit support based on the scope agreed with the business.
Is audit required for every business?
Audit applicability depends on the type of entity, turnover, law applicable, and other relevant conditions. The requirement should be reviewed based on specific facts.
Explore Related Services
Need Audit Assistance?
For audit-related assistance, you may contact our office with details of your entity, business activity, and audit requirement.