Audit and Assurance services are designed to provide an objective assessment of financial statements, internal controls, and statutory compliance. These services help ensure that financial information presents a true and fair view in accordance with applicable laws, standards, and regulations.

The focus is on verification, transparency, and adherence to established frameworks, supporting stakeholders such as management, regulators, and financial institutions.

Types of Audit and Assurance Services

Audit and Assurance may include a range of engagements depending on regulatory requirements and organizational needs:

• Statutory audits as required under the Companies Act and other applicable laws

• Tax audits under the Income-tax Act

• Internal audits to evaluate internal controls, processes, and risk management

• Concurrent audits for ongoing financial monitoring

• Limited review and assurance engagements

Approach and Methodology

Audit engagements follow a structured approach that includes planning, risk assessment, testing of transactions and controls, and reporting. The process emphasizes understanding the client’s business environment and identifying areas of financial and compliance risk.

Assurance Beyond Compliance

In addition to statutory requirements, assurance services help organizations identify process gaps, strengthen internal controls, and improve the quality of financial reporting, contributing to better governance and accountability.