Audit is at the core of our practice. We deliver statutory and non-statutory audits that meet the requirements of the Companies Act, 2013, the Standards on Auditing issued by ICAI, and the regulators and lenders that call for audited financial statements.
The firm undertakes statutory audits of government companies and banks, internal audits, and other audit and attest assignments, in India.
What is included.
- Statutory Audit
- Compliance Audit
- Concurrent Audit
- Department Audit
- Financial Statement Audit
- Follow Up Audit
- Information Technology Audit
- Integrated Audits
More in scope (4)
- Internal Audit
- Inventory Audit
- Investigative Audit
- Bank audits (statutory branch, concurrent, revenue and stock audits)
How we work.
Scope and steps are agreed for each assignment.
- 01Understand
We study your business, systems and risk areas, and agree scope, timelines and deliverables.
- 02Plan
A risk-based audit plan sets materiality, key areas and the evidence we will need.
- 03Execute
Fieldwork and testing of controls and balances, with regular status updates to management.
- 04Report
Clear audit reports and a management letter highlighting control observations and recommendations.
Common questions.
Which entities require a statutory audit in India?
All companies registered under the Companies Act, 2013 require an annual statutory audit regardless of turnover. LLPs, partnership firms, trusts and others may require audit depending on turnover, contribution or the governing law. We can confirm what applies to you.
What is the difference between statutory audit and internal audit?
A statutory audit is mandated by law and results in an independent opinion on the financial statements. Internal audit is an ongoing review of processes, controls and risk management, reporting to management or the audit committee. Many organisations benefit from both.
What is a concurrent audit?
A concurrent audit is a near real-time examination of transactions, typically used by banks and large organisations, so that errors and irregularities are detected and corrected quickly rather than at year-end.
How long does an audit take?
It depends on the size and complexity of the entity and the quality of records. We agree a timetable at the planning stage and keep you informed throughout.
General information only - not advice on your specific facts.
Related services.
Contact us
Addresses, telephone numbers and e-mail for all offices.