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Assurance, Tax & Advisory

Audit & Assurance

Statutory, internal and special-purpose audits that give boards, lenders and investors a dependable view of the numbers.

Overview

An audit is worth far more than the signature at the end of it. Our assurance work is built around understanding how a business actually earns and records revenue, where its judgements sit, and which controls are genuinely load-bearing. The output is a clean opinion where one is warranted - and a clear, early conversation where it is not.

What this covers

How we help

Statutory audit

Audit of financial statements under the Companies Act, 2013 and applicable financial reporting frameworks.

Tax audit

Audit and reporting under Section 44AB of the Income-tax Act, 1961.

Internal audit

Risk-based review of processes and controls, with practical, prioritised recommendations.

Operational and stores audit

Review of operating cycles, stores and procurement, including physical verification.

Trust and charitable audit

Audit of public charitable trusts and institutions, including application-of-income conditions.

Special purpose and revenue leakage audit

Certification, agreed-upon procedures and reviews targeted at recovering unbilled or under-billed revenue.

Fixed asset and inventory audit

Existence, condition and valuation verification, with register reconciliation.

IFC reporting

Design and operating-effectiveness assessment of internal financial controls over financial reporting.

Who leads this

Partner contact

Common questions

Audit & Assurance — questions we are asked

Every company incorporated under the Companies Act, 2013 is required to have its financial statements audited each financial year, regardless of turnover. Thresholds and exemptions differ for LLPs and other entity types, and the position should be confirmed for your specific facts.

A statutory audit is a legally mandated opinion on whether the financial statements give a true and fair view. An internal audit is commissioned by management or the audit committee to examine the effectiveness of processes, controls and risk management, and its scope is set by the organisation.

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Benchmarking, documentation, Form 3CEB certification and dispute support for related-party transactions across borders and within groups.

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Talk to us about audit & assurance

A short conversation is usually enough to establish whether this is the right route, and what it would involve.

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