Audit & Assurance

Audit & Assurance Services

Audit and assurance services play a critical role in strengthening financial reporting, regulatory compliance, internal controls, governance and stakeholder confidence. In today’s business environment, audits are no longer limited to statutory financial statement audits. Organisations increasingly require specialised audits covering internal processes, banking operations, information systems, fraud risks, compliance controls, environmental matters and business operations.

T N K & Company provides structured audit and assurance services to companies, LLPs, partnership firms, proprietorship concerns, MSMEs, start-ups, trusts, NGOs, banks, branches, institutions and growing business organisations.

Our audit approach is risk-based, documentation-focused and process-driven, with emphasis on regulatory compliance, internal controls, financial accuracy and practical recommendations.

Our Audit & Assurance Services Include

1. Statutory Audit

We conduct statutory audits of companies and other applicable entities in accordance with the relevant provisions of law, applicable accounting standards and auditing standards.

Our statutory audit services include:

• Audit of financial statements
• Review of books of accounts and ledgers
• Verification of assets and liabilities
• Review of income and expenses
• Compliance with Companies Act requirements
• Review of accounting policies and disclosures
• Reporting under applicable statutory requirements
• Management discussion on audit observations

2. Tax Audit

We assist eligible businesses and professionals in complying with tax audit requirements under the Income-tax Act.

Our tax audit support includes:

• Review of books of accounts
• Verification of income, expenses and deductions
• Review of depreciation and fixed assets
• Review of loans, deposits and related party transactions
• Verification of TDS/TCS compliance
• Review of GST and other statutory dues
• Preparation support for Form 3CA / 3CB and Form 3CD
• Identification of tax compliance gaps

3. Internal Audit

Internal audit helps management evaluate whether business processes, controls and compliances are operating effectively.

Our internal audit services include:

• Process review
• Internal control evaluation
• SOP compliance review
• Expense audit
• Purchase and vendor audit
• Sales and revenue audit
• Inventory audit
• Payroll audit
• Branch audit
• Compliance audit
• Management reporting with observations and recommendations

4. Bank Audit

We provide audit and review support for banking and branch-level assignments, focusing on compliance, credit monitoring and operational controls.

Our bank audit capabilities include:

• Concurrent audit
• Revenue audit
• Stock and receivables audit
• Credit monitoring review
• NPA identification support
• IRAC norms compliance review
• Documentation review
• Income leakage identification
• KYC and account operation review
• Reporting as per bank-prescribed formats

5. Forensic Audit and Fraud Risk Review

Forensic audit focuses on identifying irregularities, financial misstatements, fund diversion, suspected fraud, control failures and unusual transactions.

Our support includes:

• Review of suspicious transactions
• Fund flow analysis
• Ledger and bank statement review
• Related party transaction review
• Vendor and customer transaction review
• Expense and reimbursement review
• Identification of red flags
• Documentation of findings
• Support for management investigation and corrective action

6. Systems Audit and Information Systems Review

With growing dependence on technology, businesses need assurance over systems, access controls, data integrity and automated processes.

Our systems audit services include:

• IT general controls review
• User access review
• Maker-checker control review
• System-based approval control review
• ERP control review
• Accounting software control review
• Data integrity checks
• Audit trail review
• System configuration review
• Review of technology risks affecting finance and compliance

The presence of a DISA-certified partner strengthens our capabilities in information systems controls, technology risk and system-driven audit environments.

7. SOX, IFC and Internal Financial Controls Review

We assist organisations in reviewing internal financial controls and control frameworks.

Our services include:

• Internal Financial Controls review
• SOX control testing support
• Process-level control documentation
• Risk and control matrix preparation
• Design effectiveness review
• Operating effectiveness testing
• Control gap identification
• Remediation recommendations
• Documentation support for audit and management review

8. Stock Audit and Inventory Audit

Inventory is a critical area for manufacturing, trading, construction, hospitality and distribution businesses.

Our stock audit services include:

• Physical stock verification
• Inventory reconciliation with books
• Stock ageing review
• Slow-moving and obsolete inventory review
• Valuation review
• Stock statement review
• Inventory control process review
• Warehouse process review
• Stock and receivables audit for banking purposes

9. Revenue Audit

Revenue audit helps identify gaps in billing, collections, discounts, revenue recognition and leakage areas.

Our revenue audit services include:

• Sales and billing review
• Revenue recognition review
• Price and discount verification
• Customer ledger review
• Collection reconciliation
• Credit note and debit note review
• POS / system revenue reconciliation
• Income leakage identification
• Contract and invoice review

10. Compliance Audit

Compliance audits help organisations verify whether statutory, regulatory and internal compliance requirements are being followed.

Our compliance audit services include:

• GST compliance review
• TDS/TCS compliance review
• ROC compliance review
• Payroll compliance review
• PF, ESI and professional tax review
• Labour law compliance review
• Contract compliance review
• Internal policy compliance review
• Compliance calendar review

11. Environmental, Social and Governance Related Reviews

Businesses are increasingly expected to monitor environmental, social and governance-related compliances. Wherever applicable, we assist in compliance-oriented reviews and documentation support.

Our support may include:

• Environmental compliance documentation review
• ESG data compilation support
• Sustainability reporting support
• CSR compliance review
• BRSR-related data support, where applicable
• Statutory and regulatory compliance review connected with ESG matters
• Process documentation and management reporting

12. Due Diligence and Special Purpose Audit

We provide special purpose reviews for specific business, transaction, regulatory or management requirements.

Our services include:

• Financial due diligence
• Vendor due diligence support
• Transaction review
• Investment-related financial review
• Business acquisition review support
• Net worth certificate support
• Turnover certificate support
• Utilisation certificate support
• Management-requested special audit
• Agreed-upon procedures and factual reporting support

13. Trust, NGO and Institution Audit

We assist charitable, religious and not-for-profit organisations in audit and compliance-related matters.

Our services include:

• Trust audit
• NGO audit
• Section 8 company audit
• 12A / 80G compliance review
• CSR fund utilisation review
• Grant utilisation review
• Application of income review
• Donor reporting support
• Financial statement preparation and audit support

14. Real Estate and Project Audit

For construction and real estate entities, project-level financial discipline and compliance review are important.

Our real estate audit support includes:

• Project cost review
• Contractor and vendor payment review
• GST and TDS compliance review
• Customer collection review
• Project-wise profitability review
• Escrow / designated account review, where applicable
• RERA-related financial documentation support
• Work-in-progress and cost allocation review

15. Payroll and HR Compliance Audit

Payroll is a sensitive area involving employee payments, statutory deductions and labour law compliance.

Our services include:

• Payroll process review
• Salary computation review
• PF, ESI and professional tax review
• TDS on salary review
• Leave and attendance data review
• Employee reimbursement review
• Full and final settlement review
• HR documentation review
• POSH compliance review, where applicable

Common Audit Services We Handle

Who Can Avail Our Audit & Assurance Services?

Our audit and assurance services are suitable for:

• Private limited companies
• Public companies
• LLPs
• Partnership firms
• Proprietorship concerns
• MSMEs and start-ups
• Banks and branches
• Trusts, NGOs and Section 8 companies
• Manufacturing and trading businesses
• Real estate and construction entities
• Hospitality and restaurant businesses
• IT and service companies
• Educational and healthcare institutions
• Organisations requiring internal control and compliance review

Why Choose T N K & Company?

At T N K & Company, we approach audit as more than a statutory requirement. Our audit process is designed to provide meaningful insights, identify risks, strengthen controls and support better governance.

Our audit practice is supported by:

• Partner-led audit planning and review
• Process-driven execution
• Risk-based audit approach
• Strong documentation and working paper discipline
• Practical management recommendations
• Experience in statutory, internal, bank and compliance audits
• DISA-certified partner support for system-driven audit environments
• Focus on financial reporting, regulatory compliance and internal controls

Our Audit Approach

Plan

We understand the business, applicable laws, accounting system, internal processes, key risks and reporting requirements.

Review

We review financial data, books of accounts, internal controls, statutory records, supporting documents and system-generated reports.

Verify

We conduct audit procedures, reconciliations, sample testing, analytical review and compliance verification.

Report

We present observations, audit findings, control gaps, compliance issues and management recommendations in a structured manner.

Support

We support management in understanding the findings and strengthening financial processes, compliance discipline and internal controls.