Audit & Assurance
Building Trust, Ensuring Transparency, and Strengthening Compliance
Our Audit & Assurance Services go beyond statutory obligations. We deliver actionable insights, enhance stakeholder confidence, and reinforce the integrity of your financial reporting processes.
With over two decades of experience, our team leverages industry expertise, data-driven audit techniques, and technology-enabled tools to provide comprehensive, risk-based audits tailored to your business environment.
Our Audit & Assurance Offerings
Statutory Audits
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Audits under the Companies Act, LLP Act, Societies Act, and other applicable statutes
- Audit of standalone and consolidated financial statements
- Adherence to Indian GAAP, Ind AS, and IFRS where applicable
- Industry-specific audits for manufacturing, trading, service, and NGO sectors
Tax Audits
- Tax audit reports under Section 44AB of the Income Tax Act
- Guidance on disallowances, reporting clauses, and compliance risks
- Recommendations to minimize tax exposures and enhance documentation standards
Internal Audits & Management Audits
- Risk-based internal audit aligned to business cycles and control frameworks
- Functional audits of procurement, HR, inventory, and sales processes
- Management audit reports with actionable performance insights
Forensic Audits & Special Investigations
- Red-flag reviews, forensic analysis, and financial fraud detection
- Detailed documentation for legal proceedings and dispute resolution
- Independent investigation reports used in litigation and arbitration
GST Audits & Compliance Reviews
- GST audit under Section 35(5) of the CGST Act
- Reconciliation of returns, ITC validation, and vendor compliance
- Identification of areas for credit optimization and risk mitigation
Bank & Stock Audits
- Empaneled auditors for leading banks and financial institutions
- Stock and receivables audits for working capital limits
- Revenue, insurance, and compliance audits for funded entities
Trust, NGO & Educational Institution Audits
- Audit of accounts, grants, and donation utilization
- Review of corpus funds, utilization patterns, and donor reporting
- Compliance under Income Tax Act and Foreign Contribution Regulation Act (FCRA)
At Purushottam Khandelwal & Co., we don’t just audit your numbers — we strengthen your foundations and empower smarter decision-making.