Audit & Assurance Services
Building trust through transparency, accuracy, and compliance.
At NMRG & Co, we understand that a robust audit not only ensures compliance but also strengthens stakeholder confidence. Our audit and assurance services are designed to go beyond statutory obligations, delivering insights that support better governance, risk management, and business decisions.
Our Approach
Our audits are conducted in accordance with the latest standards issued by the Institute of Chartered Accountants of India (ICAI) and applicable laws including the Companies Act, 2013, Income Tax Act, 1961, and GST laws.
We follow a risk-based, technology-enabled approach to ensure efficient audit execution with minimal disruption to your business operations. Our audit methodology emphasizes:
- Deep understanding of your business and industry
- Internal control evaluation and risk identification
- Analytical review and data-driven sampling techniques
Timely communication and audit closure
Our Audit & Assurance Offerings
1. Statutory Audit
- Mandatory under the Companies Act, 2013 for companies exceeding certain thresholds.
- Provides an independent opinion on the true and fair view of financial statements.
2. Tax Audit (Section 44AB, Income Tax Act)
- For businesses and professionals exceeding prescribed turnover limits.
- Ensures correct reporting of income, deductions, and compliance with tax laws.
3. Internal Audit
- Independent evaluation of internal controls, processes, and risk management.
- Helps in improving operational efficiency and fraud prevention.
- statements.
4. GST Audit & Reconciliation
- Verification of GST returns, ITC claims, and reconciliation with financials.
- Assistance in departmental audits and responses to GST notices.
5.Stock & Inventory Audit
- Independent verification of stock levels, valuation, and warehouse controls.
- Useful for banks, lenders, and internal governance.
6. Forensic Audit
- Investigation-focused audit to detect fraud, misappropriation, or financial anomalies.
- Often required in cases of litigation, whistle-blower complaints, or regulatory scrutiny.
7. Trusts, Societies & NGO Audits
- Audits as per the requirements of the Societies Registration Act, Trust Act, or FCRA.
- Special attention to fund utilization and compliance with grant terms.
8. Special Purpose & Certification Audits
- Turnover certification, Net Worth Certificate, Due Diligence, etc.
- Custom audits as per investor, lender, or regulatory requirements.