Audit & Assurance

A statutory audit is the bedrock of corporate transparency. Under the Companies Act, 2013, our approach at Ajay Arun Mehta & Associates is to provide an independent, objective assessment of your financial statements.

• - Methodology: We utilize a "Top-Down, Risk-Based" approach, focusing on significant accounts and disclosures that impact the "True and Fair" view of the entity.
• - Internal Financial Controls (IFC): We evaluate the robustness of your IFC, ensuring that the Board of Directors has a clear view of operational risks and mitigation strategies.
• - Compliance with Accounting Standards: We ensure meticulous adherence to Indian GAAP and Ind AS, providing stakeholders with global-standard reliability.

Internal audit is a diagnostic tool, not just a compliance requirement. With 37 years of cross-industry experience, we identify leakages and inefficiencies that standard audits might overlook.

• - Process Walkthroughs: We map your business cycles—from Procurement to Pay and Order to Cash—to identify bottlenecks and fraud risks.
• - Management Reporting: We provide actionable "Management Letters" that translate complex audit findings into strategic business improvements.

Navigating the complexities of the Income Tax Act requires a precise Tax Audit to ensure that the business's taxable income is computed accurately.

• - 3CD Reporting: We provide detailed analysis for the 3CD report, ensuring that all disallowances and tax-saving opportunities are correctly identified to prevent future scrutiny.
• - Transfer Pricing Integration: Where applicable, we reconcile domestic tax audits with international transfer pricing requirements.

Whether you are acquiring a competitor or seeking investment, our "Deep-Dive" due diligence provides the clarity needed for high-stakes decision-making.

• - Quality of Earnings (QoE): We strip away one-time gains to reveal the sustainable profitability of the target entity.
• - Undisclosed Liabilities: Our forensic-lite approach helps uncover hidden legal or financial obligations that could derail a deal.

In cases of suspected financial irregularity, we provide specialized forensic services to track fund flows and reconstruct financial records.

• - Fraud Detection: Utilizing data analytics to identify patterns indicative of embezzlement or financial statement manipulation.
• - Litigation Support: Providing expert testimony and evidence-backed reports for legal proceedings.

Beyond traditional audits, businesses frequently require specific certifications and attestations to meet regulatory, banking, and contractual obligations. Our firm provides authoritative certifications that carry the weight of 37 years of professional credibility.

• - Net Worth Certificates: Certified statements of net worth for visa applications, government tenders, and empanelment purposes.
• - Turnover Certificates: Attestation of gross and net turnover for pre-qualification in government and private contracts.
• - RERA & NBFC Compliance: Specialized audit and certification services for entities regulated under the Real Estate (Regulation and Development) Act and Reserve Bank of India (RBI) norms for Non-Banking Financial Companies.
• - Utilization Certificates: Verification and certification of fund utilization for grants received from government bodies, CSR mandates, and donor agencies.
• - Bank & Lender Certifications: Stock audit reports, receivable confirmations, and other certifications required by banking and financial institutions for credit facilities.