Audit · Assurance

Audit & Assurance — Reliable. Transparent. Compliant.

We conduct comprehensive audits and assurance engagements that provide stakeholders with confidence in financial statements, ensuring compliance with Indian accounting standards and statutory requirements.

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At N D Savla & Associates, we specialize in delivering audit and assurance services that meet the highest standards of integrity and accuracy. Our seasoned chartered accountants bring deep expertise in Indian GAAP and IFRS, ensuring that your financial records reflect true and fair value. We partner with businesses across Nashik and beyond to safeguard stakeholder interests and support strategic decision‑making.

Any entity—whether a private limited company, partnership firm, or public sector undertaking—requires robust audit to satisfy regulatory bodies, attract investors, or secure financing. Our services are tailored for startups, SMEs, and large corporates alike, adapting to the complexity of each engagement.

Ready to elevate the credibility of your financial reporting? Let us guide you through a seamless audit journey.

Our Audit & Assurance Services Services

Statutory Audit

We perform statutory audits in accordance with the Companies Act, 2013, ensuring compliance with all legal and regulatory requirements. Our detailed reports provide stakeholders with transparent insights into your financial health.

Internal Audit

Our internal audit services assess the effectiveness of internal controls, risk management, and governance processes. We deliver actionable recommendations that strengthen operational efficiency and safeguard assets.

Financial Statement Audit

We examine your financial statements to verify accuracy, completeness, and adherence to Indian GAAP or IFRS. The resulting audit opinion enhances credibility with lenders, investors, and regulators.

Compliance Audit

We evaluate adherence to industry-specific regulations, tax laws, and statutory obligations. Our compliance audit helps you avoid penalties and maintain a clean audit trail.

Risk Assessment & Control Evaluation

We identify material risks and evaluate the adequacy of internal controls to mitigate them. Our findings enable proactive risk management and strategic planning.

Special Purpose Audit

For unique engagements such as M&A due diligence, valuation, or forensic investigations, we provide specialized audit expertise. Our tailored reports support critical business decisions with precision.

Our Engagement Process

1

Engagement Initiation

We begin by understanding your business objectives, risk profile, and regulatory landscape. This step establishes the audit scope, timeline, and resource allocation.

2

Planning & Risk Assessment

Our auditors design a risk‑based audit plan, identifying key areas that require detailed scrutiny. We map materiality thresholds and allocate audit procedures accordingly.

3

Fieldwork & Evidence Collection

During fieldwork, we gather substantive evidence through sampling, testing, and analytical procedures. Our team documents findings meticulously to support audit conclusions.

4

Reporting & Communication

We prepare a comprehensive audit report, including management letters and auditor’s opinion. We present findings to management and the board, ensuring clarity and actionable insights.

5

Follow‑up & Continuous Improvement

Post‑audit, we monitor the implementation of recommendations and assess the effectiveness of corrective actions. Our follow‑up ensures sustained compliance and continuous improvement.

Why It Matters

Enhanced credibility of financial statements for investors and lenders
Early detection of internal control weaknesses
Compliance with Companies Act and statutory regulations
Improved risk management and governance
Clear audit trail for tax and regulatory authorities
Actionable insights for strategic decision‑making
Reduced likelihood of penalties and legal disputes
Strengthened stakeholder confidence and corporate reputation

Frequently Asked Questions

Statutory audit is mandated by the Companies Act, 2013, and focuses on compliance with accounting standards and statutory reporting. Internal audit, on the other hand, is an ongoing, independent assessment of internal controls, risk management, and governance, and is not compulsory under the Act but highly recommended for effective corporate governance.
The duration depends on the complexity of the business, but a typical audit for a small private limited company usually takes 4 to 6 weeks from engagement to final report. This includes planning, fieldwork, and reporting phases.
You will need financial statements, accounting ledgers, bank statements, fixed asset registers, tax returns, and any prior audit reports. Providing accurate and complete documentation helps auditors perform efficient and accurate procedures.
An auditor’s opinion can only be modified if new evidence emerges that materially affects the financial statements. In such cases, the auditor will issue a revised report or a disclaimer of opinion.
A clean audit opinion demonstrates financial stability and compliance, which lenders view favorably when assessing creditworthiness. It also provides detailed financial metrics that banks use to set loan covenants.
Audit fees are typically based on the size, complexity, and risk profile of the entity, as well as the scope of the engagement. We provide a transparent fee proposal after an initial assessment, ensuring no hidden charges.