Audit & Assurance Service
Independent, risk-focused Audit & Assurance Service delivered by experienced Chartered Accountants — helping businesses strengthen financial reporting, meet statutory compliance and build long-term stakeholder confidence.
What is an Audit & Assurance Service?
An Audit & Assurance Service is an independent, structured review of an organisation's financial records, internal controls and reporting processes. The objective is to provide reasonable assurance that the financial statements present a true and fair view and that the business is operating in line with applicable laws, standards and internal policies.
At Dhruvit Patel & Co., our Audit & Assurance Service is designed around your business risks, industry context and regulatory environment. We combine deep technical knowledge of Indian and international auditing standards with practical, industry-focused insights to help you make better-informed decisions.
Whether you are a growing SME, a listed company, an NPO, a bank/NBFC or a cross-border group, our team supports statutory compliance while highlighting opportunities to strengthen governance and financial discipline.
Our Audit & Assurance Service Offerings
We deliver a broad range of assurance engagements tailored to your regulatory obligations and internal needs.
Statutory Audit
Independent audit of financial statements under the Companies Act, 2013 and applicable auditing standards.
Tax Audit
Tax audit under Section 44AB of the Income-tax Act, 1961 for eligible businesses and professionals.
GST Audit & Reconciliation
Review of GST returns, input tax credit and turnover reconciliation in line with GST law.
Internal Audit
Risk-based internal audits focused on process efficiency, control gaps and governance improvements.
Bank & NBFC Concurrent Audit
Ongoing transaction-level audits for banks and NBFCs to support regulatory and internal reporting.
Management & Operational Audit
Independent review of operations, costs and MIS to support better decision-making by management.
Trust, NPO & FCRA Audit
Audit and compliance support for charitable trusts and NPOs, including 12A, 80G and FCRA matters.
Stock, Revenue & Special Purpose Audit
Focused engagements such as stock audits, revenue audits and agreed-upon procedures on specific areas.
Benefits of a Professional Audit & Assurance Service
A well-planned Audit & Assurance Service does more than tick a compliance box — it builds trust with regulators, lenders, investors and partners while giving management a clearer picture of the business.
- ✓Statutory compliance: Meets requirements under the Companies Act, Income-tax Act, GST law and other applicable regulations.
- ✓Stronger internal controls: Identifies control weaknesses and helps you design practical remediation steps.
- ✓Credible financials: Independent assurance supports discussions with banks, investors and boards.
- ✓Risk visibility: Highlights financial, operational and compliance risks so you can act early.
- ✓Process improvement: Practical recommendations to streamline accounting, MIS and reporting workflows.
- ✓Better decision-making: Reliable numbers support more confident business decisions.
Our Audit & Assurance Service Process
We follow a structured, risk-based approach aligned with applicable auditing standards. Every engagement is planned around your business, industry and reporting timelines.
Understanding Your Business
We start by understanding your operations, industry, systems and key risks.
Risk Assessment & Planning
We identify significant risks and design a focused audit plan with clear scope and timelines.
Fieldwork & Testing
We test transactions, balances and controls using a mix of substantive and analytical procedures.
Review & Discussion
Findings and observations are discussed with management before the report is finalised.
Reporting
We issue the audit report along with a management letter highlighting key observations and recommendations.
Follow-Up Support
Ongoing guidance to help implement recommendations and prepare for future audit cycles.
Industries We Serve
Our Audit & Assurance Service is delivered across a wide range of sectors, each with its own regulatory and operational nuances.
Manufacturing & Trading
Banking & NBFCs
Not-for-Profit & Trusts
Real Estate & Construction
Healthcare & Pharma
Education Institutions
IT & Professional Services
Startups & MSMEsSee the full list on our Industries We Serve page.
Why Choose Dhruvit Patel & Co. for Audit & Assurance Service
Experienced Multidisciplinary Team
A team of experienced Chartered Accountants supported by CPA, CS and legal professionals working under one roof.
Risk-Focused Approach
Audit plans are tailored to your business risks — not a one-size-fits-all checklist.
Standards-Aligned
Engagements are executed in accordance with applicable auditing and accounting standards.
ISO 9001:2015 Certified Firm
Structured quality processes across engagement acceptance, execution, review and reporting.
Confidentiality First
Strict client confidentiality protocols across people, systems and workflows.
Clear Communication
Plain-language reports, timely updates and practical recommendations you can act on.
Audit & Assurance Service — FAQs
Answers to common questions about our Audit & Assurance Service.
What is included in an Audit & Assurance Service?
It typically includes a review of financial records, internal controls, key transactions and disclosures, followed by an audit report and a management letter with observations and recommendations. The exact scope depends on the type of audit and applicable laws.
Who is required to get a statutory audit in India?
All companies incorporated under the Companies Act, 2013 are required to have their accounts audited annually, regardless of turnover. Other entities may also require audits based on their constitution or specific regulations.
How is a tax audit different from a statutory audit?
A statutory audit is conducted under the Companies Act to express an opinion on the financial statements. A tax audit is conducted under Section 44AB of the Income-tax Act, 1961 for eligible taxpayers and focuses on tax-related disclosures and compliance.
What is the difference between audit and assurance?
Audit is a specific type of assurance engagement focused primarily on financial statements. Assurance is a broader term covering engagements such as reviews, agreed-upon procedures and other independent evaluations that improve the reliability of information for decision-makers.
How long does an Audit & Assurance Service engagement take?
Timelines depend on the size of the entity, quality of records, complexity of transactions and the type of audit. After understanding your business, we share an indicative timeline as part of the engagement plan.
What documents are typically required for an audit?
Common documents include trial balance, ledgers, bank statements, invoices, contracts, statutory registers, previous audit reports and tax filings. A detailed requirement list is shared once the scope is finalised.
How is client information kept confidential?
We follow strict confidentiality protocols. Client data is accessed only by the engagement team on a need-to-know basis and is handled in line with professional ethics and applicable data protection practices.
How are audit fees decided?
Fees depend on scope, size, complexity, locations and reporting timelines. We do not publish fixed pricing; please request a quote and we will share a tailored proposal.
Can you support businesses located outside Anand or Gujarat?
Yes. We serve clients across India and support cross-border engagements through a mix of on-site visits and secure remote review, depending on the nature of the audit.
Request a Quote for Audit & Assurance Service
Share a few details about your business and we will get back with a tailored proposal.
📞 Talk to Us
✉️ Email
📍 Office
"Nandanvan", Opp. Utsav Party Plot,
Dr. Radhakrushna Road, Anand,
Gujarat – 388 001
🔗 Explore More
About Us · Industries · Our Team · Contact
Audit & Assurance Enquiry
By submitting, you agree to be contacted regarding your enquiry. Your information is kept confidential.
Disclaimer: The information provided on this page is for general informational purposes only and should not be treated as professional financial, tax or legal advice. Every engagement is evaluated on its own facts and applicable laws. Please contact us for advice specific to your situation.