Audit and assurance services provide independent verification and validation of information — audits focus on financial statements and internal controls, while assurance services extend to other aspects of an organisation such as governance, risk management and sustainability. These services help ensure accuracy, compliance and transparency, and build confidence among investors, creditors and regulators. They also help organisations comply with regulations, identify potential risks, and support better decision-making.
External audit is an independent review of an organisation's financial statements, conducted by an auditor to provide an unbiased opinion on the accuracy and reliability of the financial data, and to confirm compliance with relevant laws and regulations. Its purpose is to provide assurance to stakeholders — shareholders, creditors and others — that the financial statements present a true and fair view of the company's financial position.
Our audit practice includes independent external audit services, where the objective is to express an opinion as to whether the financial statements give a true and fair view in all material respects, in accordance with the applicable financial reporting standards. We follow a rigorous and tested process that helps stakeholders:
Internal audit is a systematic and independent examination of an organisation's operations, processes and internal controls, carried out by internal auditors to assess their effectiveness, identify areas for improvement, and ensure compliance with laws and regulations. It supports an organisation in achieving its objectives through a structured approach to risk management, control and governance.
An operational audit is a comprehensive evaluation of an organisation's internal processes, systems and performance, aimed at identifying areas for improvement and enhancing efficiency. It goes beyond financial statements to assess the effectiveness of daily operations, management practices and resource utilisation. There is no legal requirement to carry out an operational audit — it is typically undertaken when management wants to assess operational effectiveness directly.
"Forensic" refers to the use of scientific procedures and methodologies in an investigation. A forensic audit is a detailed examination of an organisation's or individual's financial records, conducted to investigate potential fraud, misconduct or other irregularities, and to gather evidence for potential legal or corrective action.
An investigation audit examines suspected fraud, misconduct or irregularities within an organisation. It goes beyond a regular audit, focusing on uncovering specific issues and gathering evidence to establish the facts — an important service as business fraud has grown alongside business growth generally, often without management being aware of it.
A tax audit is an audit of books of account conducted to ensure compliance with the provisions of the Income Tax Act. The tax audit under Section 44AB aims to confirm compliance with the Income-tax Law and fulfilment of its requirements. The audit, conducted by a chartered accountant under Section 44AB, checks whether the calculation of income tax liability is correct — the resulting certification allows the Income Tax Department to place confidence in the return filed by the assessee.
A digital audit is a comprehensive evaluation of a company's online presence and activities — website, social media, digital marketing, IT systems and cyber-security measures — assessing how well these channels align with business objectives and identifying areas for improvement.
Our partners can advise on the type of audit most relevant to your organisation's current needs.
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