GSRC & Associates Chartered Accountants

Audit & Assurance

Audit & Assurance Services

Independent, thorough audits that give your stakeholders confidence — conducted by ICAI-registered Chartered Accountants across statutory, internal, tax and specialised audit types.

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What's Included

Our Audit & Assurance practice covers:

Statutory Audit

Independent audit of financial statements as mandated under the Companies Act.

Internal Audit

Evaluating internal controls, risk management and governance processes.

Management & Operational Audit

Assessing operational efficiency and management effectiveness.

Special Investigation Audit

Focused audits to investigate specific financial concerns or irregularities.

Tax Audit

Audit under the Income Tax Act as applicable to your business turnover.

Stock Audit

Physical verification and valuation of inventory for lenders and management.

Revenue Audit

Verification of revenue recognition and reporting accuracy.

GST Audit

Reconciliation and audit of GST records and returns.

System & Process Control Reviews

Review of internal systems and process controls for reliability.

Concurrent Audit

Real-time audit of transactions, commonly required for banks and NBFCs.

Why Work With GSRC & Associates

ICAI Registered Firm

Firm Registration No. 159615W, led by Fellow Chartered Accountants.

12+ Years Experience

Led by professionals with over a decade in audit, tax and advisory.

Transparent Turnaround

Clear timelines and proactive updates — no chasing us for status.

Confidential & Accurate

Highest standards of confidentiality, integrity and accuracy on every engagement.

Frequently Asked Questions

Is statutory audit mandatory for my company?

Yes — every company registered under the Companies Act, 2013 must get its accounts audited annually by a Chartered Accountant, regardless of turnover.

What is the difference between statutory and internal audit?

Statutory audit is a legal requirement focused on financial statement accuracy for external stakeholders. Internal audit is a management tool to assess controls, risk and operational efficiency — it is not mandatory but highly recommended.

How long does a typical audit take?

Timelines depend on the size and complexity of your business, but most statutory audits for SMEs are completed within 1-3 weeks once records are made available.

Need help with Audit & Assurance?

Talk to our Chartered Accountants — first consultation is free.