Audit Support Services
Audit processes are critical for ensuring compliance, validating financial information, and identifying opportunities for business improvement. Our comprehensive audit support services streamline the audit process, ensure thorough preparation, and facilitate smooth interactions with auditors while maintaining business operations and meeting all regulatory requirements.
Statutory Audit Support
Annual Statutory Audit Coordination:
Pre-Audit Preparation:
- Trial balance accuracy verification and validation
- Supporting document compilation and organization
- Account reconciliation completion and review
- Prior year audit point resolution and documentation
- Management representation letter preparation
- Audit planning meeting coordination
During Audit Support:
- Auditor query response coordination
- Additional information provision and explanation
- Client-auditor communication facilitation
- Issue escalation and resolution management
- Progress monitoring and timeline management
- Audit finding discussion and negotiation
Post-Audit Services:
- Audit adjustment processing and recording
- Management letter response preparation
- Compliance certificate coordination
- Board presentation preparation
- Stakeholder communication support
- Implementation of audit recommendations
Internal Audit Services
Risk-Based Internal Audit:
Internal Control Evaluation:
- Control environment assessment
- Risk identification and evaluation
- Control activity effectiveness testing
- Information and communication system review
- Monitoring activity assessment
- Fraud risk evaluation and testing
Process Audit and Review:
- Business process documentation and evaluation
- Operational efficiency assessment
- Compliance with policies and procedures
- Best practice identification and implementation
- Process improvement recommendations
- Performance measurement and monitoring
System and IT Audit:
- Information technology control evaluation
- Data security and privacy assessment
- System access control review
- Data backup and recovery testing
- Cybersecurity risk assessment
- Digital transformation audit support
Tax Audit Compliance
Income Tax Audit Support:
Tax Audit Report (Form 3CD) Preparation:
- Detailed audit of books of accounts
- Disallowance and adjustment analysis
- Related party transaction examination
- International transaction documentation
- Transfer pricing audit support
- Quantified impact assessment
GST Audit Support:
- Annual return reconciliation (GSTR-9)
- Reconciliation statement preparation (GSTR-9C)
- Input tax credit validation and optimization
- Compliance rating improvement
- GST assessment and audit defense
- Refund claim audit support
Transfer Pricing Audit:
- Benchmarking study validation
- Economic analysis verification
- Documentation completeness review
- Comparability analysis assessment
- APA compliance evaluation
- Secondary adjustment implications
Regulatory and Compliance Audits
Sector-Specific Audit Support:
Banking and Financial Services:
- RBI inspection preparation and support
- Asset quality review and provisioning
- Regulatory compliance validation
- Risk management system audit
- Corporate governance assessment
- Customer protection audit support
Manufacturing and Industrial:
- Environmental compliance audit
- Health and safety audit coordination
- Quality management system audit
- Energy audit and efficiency assessment
- Pollution control board compliance
- Factory inspector audit support
Information Technology:
- Data protection and privacy audit
- STPI/SEZ compliance audit
- Export obligation fulfillment audit
- Quality certification audit (CMMI, ISO)
- Cybersecurity audit and assessment
- Business continuity audit support
Specialized Audit Services
Forensic Audit Support:
Fraud Investigation:
- Suspected fraud investigation coordination
- Evidence collection and preservation
- Forensic accounting analysis
- Asset tracing and recovery support
- Legal proceeding support
- Prevention system strengthening
Due Diligence Audit:
- Merger and acquisition due diligence
- Investment due diligence support
- Vendor due diligence coordination
- Joint venture partner evaluation
- Compliance due diligence assessment
- Financial due diligence validation
Management Audit:
- Organizational effectiveness review
- Management system evaluation
- Performance measurement audit
- Strategic planning assessment
- Corporate governance evaluation
- Stakeholder satisfaction audit
Audit Documentation and Support
Working Paper Management:
Documentation Standards:
- Audit trail maintenance and organization
- Supporting evidence compilation
- Cross-referencing and indexing systems
- Electronic document management
- Version control and archiving
- Confidentiality and security protocols
Quality Assurance:
- Review and approval processes
- Accuracy and completeness verification
- Compliance with auditing standards
- Professional skepticism maintenance
- Independence and objectivity assurance
- Continuous improvement implementation