Audit & Assurance
- Services
- Audit & Assurance
Overview
Audit & Assurance is a core professional service provided by chartered accountants and audit firms to evaluate the accuracy, reliability, and compliance of an organisation’s financial information and operational processes. These services enhance stakeholder trust, support financial transparency, and ensure that businesses meet statutory and regulatory standards.
Audit
An audit systematically examines a company’s financial records, internal controls, and accounting practices. It helps verify whether the financial statements reflect the true financial position of the business.
Key types of audits include :
Statutory Audit
Mandatory audits as per regulatory requirements to ensure true and fair financial statements under Companies Act and other applicable laws.
Internal & Concurrent Audit
Periodic assessments of internal controls and real-time audit reviews to improve operational efficiency and detect irregularities early.
Revenue & Stock Audit
Examination of revenue recognition and inventory systems to validate business performance and prevent stock leakages or fraud.
Tax & Compliance Audit
Detailed review of taxation records to ensure proper filing, accuracy of liabilities, and timely compliance with evolving tax laws.
Assurance
Assurance services provide independent verification of financial and non-financial data to help businesses improve governance and reporting. These services ensure that decision-makers and stakeholders can rely on the information presented.
They often cover:
- Review engagements
- Compliance reports
- Risk assessments
- Process and performance audits
Make Your Business Compliant, Confident & Future-Ready with our expert-led chartered accountancy services.
From audits to tax planning, financial reporting to company registration — S D AND ASSOCIATES offers tailored solutions that support growth and ensure compliance at every step.
