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Audit and assurance services in India.

We work with businesses across jurisdictions to provide independent audit and assurance services under US GAAP, IFRS and local standards, giving stakeholders the confidence to make informed decisions.

Audit and assurance services in India

Independent opinions delivered with precision and purpose.

Standards-grade expertise

Our in-house team is well-versed in both US GAAP and IFRS, allowing us to serve multinational clients and businesses with cross-border reporting obligations without relying on third-party expertise.

Risk-first methodology

We start every engagement by understanding your business risks, internal controls and strategic objectives, not by applying a generic checklist. This means our findings are substantive.

Efficiency without shortcuts

Paperless audit tools reduce turnaround time and cost while maintaining thorough documentation. Clients benefit from a streamlined process without sacrificing the rigour that matters to regulators and stakeholders.

Audit and assurance services

Verified financials for businesses that answer to multiple stakeholders.

  • Statutory and financial audits

    Our core audit practice covers the statutory obligations that businesses face across jurisdictions. Whether you require a year-end financial statement audit, a tax audit to support compliance, or concurrent audit coverage for ongoing assurance through the financial year, we bring structured methodology and technical accuracy to each engagement. Each audit is performed by experienced professionals using documented work programmes, with findings clearly communicated at completion.

    Our services include statutory audit of financial statements, tax audit, concurrent audit, audit under US GAAP, audit under IFRS and audit opinion issuance.

  • Operational and risk-focused audits

    Beyond statutory compliance, many businesses require targeted audits that address specific operational risks, asset positions or efficiency concerns. Our specialised audit services are designed for organisations that need assurance beyond the annual financial statement, including proprietary and efficiency reviews, provident fund audits, and income and expenditure leakage assessments. These engagements are particularly relevant for regulated industries, businesses undergoing internal review or organisations seeking to tighten financial controls.

    Our services include stock audit, proprietary audit, efficiency audit, PF (provident fund) audit, expenditure and income leakage audit, special audit investigations and inspection of financial and related transactions.

  • Internal audit and assurance

    Internal audit provides management and boards with independent assurance over internal controls, risk management, and operational effectiveness. Our internal audit services are structured to suit businesses at different stages, from building a function from the ground up (including preparation of an internal audit manual) through to conducting ongoing reviews across specific business cycles. We can act as an outsourced internal audit function or work alongside an existing team.

    Our services include internal audit (outsourced or co-sourced), internal audit manual preparation, control environment assessment, risk-based audit planning, business cycle reviews, internal control deficiency reporting and regulatory certifications.

  • Systems, process and controls review

    Independent reviews of finance systems, key business applications, and core finance and operational processes (for example revenue, procure-to-pay, payroll, and close). Work typically covers walkthroughs, control design assessment, test planning, evidence requirements, and practical remediation actions. Deliverables include clear findings, risk ratings and a prioritised improvement plan that can feed into internal audit programmes or broader governance requirements.

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Why companies choose our tax compliance services.

Clear scope and predictable timelines

We agree the audit scope, information requests, and milestones upfront, then manage progress against a structured plan so your year-end close and reporting calendar stays on track.

A single point of contact

You work with a dedicated engagement lead who coordinates our team, keeps communication tidy, and resolves decisions quickly when judgement calls are needed.

Practical reporting and close

We surface issues early, explain implications in plain language and agree remediation actions, so stakeholders get a clear narrative alongside the formal audit deliverables.

FAQs

Common questions.

What is the difference between a statutory audit and an internal audit?

A statutory audit is an independent external examination of your financial statements, required by law for certain entities and intended for stakeholders including shareholders, lenders, and regulators.

An internal audit is an ongoing review function that reports to management or the board, focused on evaluating internal controls, risk management processes, and operational efficiency. The two serve complementary but distinct purposes, and many organisations benefit from both.

Do we need an IFRS audit or a US GAAP audit and can you handle both?

The applicable standard depends on your jurisdiction and the requirements of your stakeholders. IFRS is required or permitted in most jurisdictions outside the United States; US GAAP is required for US-listed entities and often preferred by US investors.

Our team is qualified to conduct audits under both standards, which is particularly useful for groups with operations or reporting obligations in multiple jurisdictions. We can advise on which standard applies to your situation if you are unsure.

What types of audit opinion can be issued and what do they mean?

An unqualified (clean) opinion indicates that financial statements are presented fairly in all material respects. A qualified opinion means the statements are generally fair but contain a specific material misstatement or scope limitation.

A disclaimer of opinion is issued when we are unable to obtain sufficient evidence to form a view. An adverse opinion indicates that the financial statements do not present a fair view. We explain the basis for any non-clean opinion clearly and discuss the implications with management before issuing.

How long does a financial statement audit typically take?

Timelines vary depending on the size and complexity of the entity, the quality of underlying records, and the extent of third-party confirmations required. For straightforward small-to-medium businesses, an audit may be completed within four to eight weeks of year-end.

More complex organisations, particularly those with multiple entities, intercompany transactions, or cross-border operations typically require longer. We agree a realistic timeline with management at the outset of each engagement.

Can Acclime act as our outsourced internal audit function?

Yes. We provide fully outsourced and co-sourced internal audit arrangements, which can be particularly cost-effective for businesses that require internal audit coverage but do not have the volume of work to justify a full in-house team.

We also prepare internal audit manuals for organisations establishing a function for the first time. Our approach is tailored to your risk profile and the specific business cycles most relevant to your operations.

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Expert audit services built around your standards, your stakeholders and timeline.

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Schedule a free 30-minute discovery call to discuss starting & operating your company in India.