Audit & Assurance

At Bhate Rawal & Co LLP, our Audit & Assurance services go beyond mere compliance—they provide confidence, credibility, and strategic insights. We offer an independent and objective evaluation of financial statements, internal controls, and regulatory compliance, ensuring transparency and reliability for all stakeholders. With a commitment to excellence, we leverage advanced audit methodologies and deep industry expertise to deliver meaningful insights that drive informed decision-making. Our team of experienced professionals upholds the highest standards of integrity and professionalism, ensuring that your financial reporting remains accurate, compliant, and trustworthy. Whether statutory audits, tax audits, due diligence, or IFRS/Ind AS transitions, we tailor our services to meet your unique business needs, helping you navigate complexities with clarity and assurance.

Statutory Audit

Our expert team equipped with intricate knowledge base and wide industry experience brings to the table comprehensive assurance and detailed scrutiny to ensure applicable statutory compliances through statutory audit. The audit ensures financial statements give a true and fair view of the company’s financial position, protecting stakeholders’ interests. We conduct statutory audits of financial statements, ensuring compliance with Indian GAAP and IND-AS. Our audits are conducted in line with Accounting Standards to provide assurance and credibility to your financial reporting.

Tax Audits

The Tax audits include verification of compliances with applicable tax laws, ensuring proper maintenance of required accounting records and accurate reporting of income for tax purposes. We conduct tax audits in accordance with the Income Tax Act, 1961. Our services ensure that your organization meets all tax obligations accurately and efficiently, minimizing the risk of non- compliance.

Transfer Pricing Audits

Our transfer pricing audits ensure that transactions between related parties comply with arm's-length principles. They are crucial for avoiding tax avoidance and ensuring fair pricing in cross-border and intercompany transactions. Our audits help you align with transfer pricing regulations, ensuring that your intercompany transactions comply with statutory and legal requirements.

Internal Audit

Internal audits, as required under Section 138 of the Companies Act, 2013, are applicable to specific classes of companies. These audits evaluate internal controls, risk management, and governance processes to ensure operational efficiency and compliance. We provide internal audit services to help you strengthen internal controls and improve operational efficiency. Our audits identify areas of risk and recommend actionable improvements to enhance your organization’s governance.

Bank Audit

Mandated by the Reserve Bank of India (RBI) under the Banking Regulation Act, 1949, bank audits review compliance with prudential norms, identify potential frauds, and ensure accurate financial reporting in banking operations. We conduct bank audits as per the Banking Regulation Act. Our detailed audits ensure that your banking operations comply with regulatory standards, providing confidence and transparency to stakeholders.

Stock Audit

Stock audits are often required by banks and financial institutions to assess the value and management of inventory and other current assets provided as collateral for loans. These audits ensure accuracy in inventory records and operational efficiency. We offer stock audit services to verify the accuracy and control of your inventory. Our audits help prevent discrepancies and ensure proper inventory management practices. Our expert team help various industries to identify loopholes in the inventory records, quantitative discrepancies and correct the control lapses to establish optimum control over inventory.

System Audit

System audits assess the integrity and security of IT systems and are often mandated for entities in regulated sectors like banking, insurance, and telecommunications. These audits are guided by laws such as the Information Technology Act, 2000, and sector-specific regulations. We provide system audits to evaluate and enhance the integrity and security of your IT systems. Our audits identify vulnerabilities and ensure that your systems are robust and secure.

Limited Audit & Review

SEBI mandates limited reviews of listed companies' quarterly results to ensure transparency. We offer limited audit and review services under GAAP to ensure the reliability and transparency of your financial information. Our services provide stakeholders with confidence in the accuracy of your financial statements.

Forensic Audit

Forensic audits are often initiated by organizations or regulators to investigate fraud or financial misconduct. Forensic audit findings are admissible in courts and are guided by principles under the Indian Evidence Act, 1872. We offer forensic audit services to uncover financial irregularities and fraud. Our thorough investigations help protect your organization’s integrity and financial health. Our expert certified team helps various organisations and govt. and semi govt. authorities to investigate potential financial misappropriations or frauds.