Independent assurance, conducted under ICAI standards.
Statutory, internal, tax and stock audits, due diligence and management reporting — partner-led engagements in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India.
What audit & assurance covers.
A spectrum of independent reviews — from statutory financial statement audits to operational and transaction-support engagements.
Audit and assurance is the firm’s core practice area. Engagements are partner-led and structured around the Standards on Auditing, the Standard on Quality Control 1 (SQC-1) and other professional pronouncements issued by the Institute of Chartered Accountants of India.
Our work spans statutory financial statement audits under the Companies Act, 2013, tax audits under the Income-tax Act, 1961, internal audits and process reviews, stock audits for banks and lenders, and transaction-support engagements including buy-side and sell-side due diligence.
Engagements are scoped formally through an engagement letter, preceded by independence checks. Fieldwork is performed under direct partner supervision, and all deliverables are reviewed and signed off by the engagement partner.
Audit & assurance practice areas.
The breadth of independent assurance and review engagements the firm undertakes.
How an audit unfolds.
Four stages, structured around the Standards on Auditing and the firm's engagement quality controls.
Engagement scoping
Scope, deliverables and timelines are agreed in writing. Independence and conflict checks are performed, materiality benchmarks set, and the engagement letter executed.
Risk assessment
We identify and assess risks of material misstatement at the entity, account-balance and assertion level, in line with Standards on Auditing 315 and 330.
Fieldwork & testing
Test of controls and substantive procedures performed by the engagement team under direct partner supervision. Audit evidence is documented in working papers per SA 230.
Review & sign-off
Engagement-quality review, communication of audit findings to those charged with governance, and partner sign-off on the audit report under SA 700 / SA 701.
Audits conducted under ICAI standards.
The professional standards and frameworks that govern the firm's audit and assurance work.
Standards on Auditing
Engagements conducted in conformity with the Standards on Auditing issued by the ICAI (SA 100 to SA 720).
Quality Control — SQC 1
Engagement quality controls maintained per Standard on Quality Control 1 issued by the ICAI.
CARO 2020
Companies (Auditor's Report) Order, 2020 reporting on the matters specified by the Central Government.
Internal Financial Controls
Reporting on the adequacy and operating effectiveness of internal financial controls over financial reporting (IFC-FR).
SA 700 / 701
Audit opinion under SA 700 and reporting of Key Audit Matters under SA 701 for listed and selected entities.
Code of Ethics
All members of the engagement team are bound by the ICAI Code of Ethics including independence, integrity and confidentiality.
Sectors we audit.
Cross-sector audit experience built over partner careers at large international accountancy firms and continuing engagements at the firm.
Industries shown reflect sectors the firm and its partners have served; this does not represent current client lists or endorsements.
The role of audit in Indian business.
Audit and assurance is not a discretionary service — it is a statutory and contractual requirement under multiple Indian laws and lender frameworks.
An auditor expresses an opinion on whether financial statements give a true and fair view, in conformity with the applicable financial reporting framework. That opinion carries weight only because of the auditor’s independence.
Companies Act, 2013
Statutory audit applies to every company. Listed and certain unlisted entities additionally require Internal Financial Controls and Key Audit Matters reporting.
Income-tax Act, 1961
Tax audit under section 44AB applies to entities exceeding turnover thresholds, with Form 3CD reporting on key tax positions and disallowances.
Banking & lender requirements
Stock audits and concurrent audits required by lenders and Reserve Bank of India norms for working-capital facilities and certain regulated entities.
Investor & board assurance
Audited financials provide independent assurance to shareholders, boards, audit committees, lenders, regulators and prospective acquirers.
Looking for an audit partner?
Write to the firm or visit the office to discuss audit and assurance engagements. Each engagement is scoped through a formal letter, preceded by independence and conflict checks.