Financial Statements Audit

Delve deeper than financial metrics. Foster trust to drive meaningful progress.

Internal Financial Control (IFC) Testing
Evaluating the effectiveness of internal controls over financial reporting. Providing recommendations for improving internal controls.
Fraud Investigation and Forensic Audit
Identifying and addressing fraudulent financial activities. Ensuring transparency in financial reporting.
Advisory on Accounting and Reporting
Guidance on the adoption of new accounting standards. Assistance in financial reporting and disclosures.
Audit Preparedness Services
Helping companies prepare for statutory or regulatory audits. Reviewing books of accounts, trial balances, and financial records in advance.
Consolidated Financial Statements Audit
Auditing group-level financial statements, including subsidiaries and joint ventures. Verifying inter-company transactions and balances.
Special Purpose Audit
Auditing specific financial statements prepared for lenders, investors, or regulators. Tailored to unique reporting requirements.
Risk-Based Audit
Focusing on high-risk areas in financial reporting. Identifying and mitigating potential risks of material misstatements.
Compliance with Accounting Standards
Ensuring financial statements adhere to accounting frameworks like IFRS, GAAP, or Ind-AS. Reviewing financial policies and disclosures for compliance.

FAQs

Why is a Financial Statements Audit important?

It ensures transparency, builds stakeholder confidence, identifies financial risks, and fulfills statutory and regulatory requirements.

Is a Financial Statements Audit mandatory for all businesses?

Not all businesses are required to undergo a Financial Statements Audit. At A V Khandelwal Wadhva & Co., we help you determine whether your organization needs an audit based on regulatory requirements and the nature of your business.

How long does the audit process take?

The duration of the audit depends on the complexity of your financials and the size of your organization. A V Khandelwal Wadhva & Co. ensures efficient planning and execution to complete the audit within the agreed timeline without compromising quality.

What documents are required for a Financial Statements Audit?

You will need to provide financial records, trial balances, bank statements, invoices, ledger accounts, and other relevant documents. A V Khandelwal Wadhva & Co. provides a checklist to ensure you have all the necessary information prepared for a seamless audit process.

What is the outcome of a Financial Statements Audit?

A V Khandelwal Wadhva & Co. will issue an audit report stating the auditor’s opinion, which may be unqualified (clean), qualified, adverse, or a disclaimer based on the findings.

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Head Office: CP2 44, 2nd Floor, Regal Building, New Delhi 110001

Branch Address: Office No. 6 and 7, First Floor, Crystal Tower, Nangli Circle, Panchwati, Alwar, Raj 301001

+91-8285299241

+91-9887514169

connect@avkwinsupport.com

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