Assurance Services
Assurance Services
- Conducting Statutory Audits
We conduct statutory audits under various statutes, including but not limited to:
• Companies Act, 2013
• Banking Regulation Act
• Income Tax Act, 1961
• Societies Registration Act
• Cooperatives Societies Act - Handling Internal Audits, Revenue Audits, Concurrent Audits, Stock Audits
We expertly manage internal audits, revenue audits, concurrent audits, stock audits etc. in accordance with rules and regulations governing our clients, such as:
• Companies Act, 2013
• RBI / Banking Regulations Act
• SEBI regulations
• IRDAI regulations
• PFRDA regulations - Management Audits
Our management audits encompass:
• Systems / Operational Audits
• Information Systems Audit
• Assessing the efficacy of existing internal controls
• IFCOR Testing & Reporting
• Verifying compliance levels within organizations
• Providing advisories on strengths, weaknesses, and risk mitigation strategies
- Special Review Assignments
We handle special review and verification assignments on behalf of regulators such as:
• Reserve Bank of India (RBI)
• Securities & Exchange Board of India (SEBI), particularly covering ICDR and LODR Regulations
• Exchange control guidelines - Special Audits
Our special audit services include:
• Audits (including tax audits) of:
o Societies
o Co-operative Societies
o Superannuation / Provident & Gratuity Funds
o Educational Institutions
o Non-Profit entities – charitable societies / trusts
o Statutory Audits of Foreign companies operating in India through their Liaison Offices (LO), Branch Offices (BO), or Project Offices (PO)
o Investee Entities for APR reporting under OI Rules 2022 of RBI
o Interim final information of the Companies - Periodical Limited Reviews
We conduct periodical limited reviews (under SEBI regulations) of the financial statements of listed entities such as:
• Publicly held Companies
• Banks
• Public Sector Undertakings - Special Purpose Certifications
We issue special purpose certifications as per clients’ requirements under various applicable statutes like the exchange control guidelines, SEBI, IRDAI, PFRDA, including corporate governance in publicly held companies. - Digital Assurance Certifications
We provide ‘Digital Assurance’ certifications as mandated under SEBI regulations for specified listed companies (Top 100 Listed entities by market capitalization beginning from FY 2024-25 and onwards).
* Our firm holds the unique distinction of being among the very few firms in India whose assurance & attest services have been successfully ‘Peer Reviewed’ by the ICAI for quality control standards for six consecutive terms of three to four years each.