Our statutory audit assignments are conducted in accordance with the engagement standards issued by the ICAI and are based on the Auditing Standards issued by the ICAI. As part of these assignments, we ensure compliance with applicable laws and regulations, assess the adequacy of internal controls, and provide actionable recommendations to enhance operational efficiency and governance. Our services comprises the following:
Audit of Financial Statements
- Independent examination of financial statements to ensure compliance with the Companies Act 2013, Limited Liability Partnership Act 2008, and Indian Accounting Standards (Ind AS).
- Verification of the accuracy, completeness, and fair presentation of financial records, including income, expenses, assets, and liabilities.
- Review of financial disclosures to ensure compliance with statutory and regulatory requirements.
- Issuance of an independent auditor’s opinion on the true and fair view of the financial statements.
- Assessment of financial reporting processes to identify areas for improvement and ensure transparency.
Review of Regulatory Compliances
- Ensuring adherence to statutory requirements under the Companies Act 2013, Limited Liability Partnership Act 2008, and other applicable laws.
- Compliance with Reserve Bank of India (RBI) and Foreign Exchange Management Act (FEMA) regulations for foreign entities.
- Review of compliance with tax laws, including Goods and Service Tax, Income Tax, and other direct and indirect tax regulations.
- Assistance in the preparation and filing of statutory reports and returns to meet regulatory deadlines.
- Advisory on regulatory updates and their impact on business operations to ensure ongoing compliance.