Auditing

At Prachi Gupta & Associates, we believe that audits are more than just a compliance requirement — they’re a powerful tool for business growth, risk management, and strategic decision-making. Our comprehensive auditing services are designed to provide deep insights into your business operations, ensure financial accuracy, enhance internal controls, and help you stay ahead of regulatory changes.

With over 5+ years of experience, we offer a full spectrum of audit solutions tailored to your unique needs. Whether you’re a startup, a growing enterprise, or a well-established organization, we guide you through every step of the audit process — from initial planning to the final report — ensuring complete transparency, accuracy, and compliance with national and international standards.

We don’t just conduct audits; we become your strategic partners, helping you make data-driven decisions, mitigate risks, and optimize your business processes for long-term success.

Let’s break down the key audit services we offer:

Internal Audit Services

Internal audits are essential for evaluating your organization’s internal controls, risk management processes, and overall governance. We conduct thorough internal audits to identify inefficiencies, assess potential risks, and recommend actionable improvements to enhance your business operations. Our goal is to strengthen your internal processes so your business runs smoothly and securely.

Concurrent Audit Services

Concurrent audits involve continuous, real-time verification of financial transactions to ensure accuracy and compliance as they occur. This service is especially beneficial for banks, NBFCs, and other finance-driven organizations. We help you catch irregularities early, reduce the risk of fraud, and maintain operational efficiency.

Management Audit Services

Management audits focus on assessing the effectiveness and efficiency of your company’s management practices. We review organizational structures, workflows, and decision-making processes to identify gaps and recommend strategies for improvement. Our insights help leaders make informed, strategic decisions that drive growth and long-term success.

Operations & Efficiency Audit Services

Operational audits assess how well your business processes align with your strategic goals. We analyze your workflows, resource utilization, and performance metrics to identify areas for optimization. Our recommendations help you streamline operations, reduce costs, and improve overall productivity.

Special Investigation Audit Services

In cases of suspected fraud, misconduct, or financial irregularities, we conduct special investigation audits to uncover the truth. Using forensic accounting techniques, we meticulously examine financial records, trace transactions, and provide detailed reports to support legal proceedings or internal decision-making.

Due Diligence Review

Whether you’re planning a merger, acquisition, or fundraising round, our due diligence services give you a clear picture of a company’s financial health and potential risks. We assess assets, liabilities, cash flows, and compliance records to ensure you make informed investment decisions with confidence.

Costing & Accounting System Design and Review

We help businesses design and implement robust costing and accounting systems that provide accurate, real-time financial data. Our team reviews existing systems, recommends improvements, and ensures compliance with local and international accounting standards, including US GAAP and IFRS.

Compilation of Final Accounts as per Accounting Standards (US GAAP/IFRS)

Preparing final accounts in line with international accounting standards is crucial for businesses with global operations or foreign investors. We compile financial statements that meet the highest standards of accuracy and compliance, facilitating smoother audits, investor relations, and cross-border transactions.

Tax Audit Services

Tax audits ensure your business complies with tax regulations and accurately reports its taxable income. We conduct meticulous audits under Section 44AB of the Income Tax Act, reviewing financial statements, tax returns, and documentation to identify potential red flags and mitigate the risk of penalties.

Stock Audit Services

Stock audits help you maintain accurate inventory records, prevent pilferage, and ensure proper valuation of stock for financial reporting. We physically verify inventory, reconcile records, and assess stock management practices to improve accuracy and minimize losses.

System Audit (Information System Audit)

In an increasingly digital world, securing your IT infrastructure is crucial. We conduct system audits to evaluate your information systems, cybersecurity protocols, data integrity measures, and compliance with IT regulations. Our audits help you identify vulnerabilities and strengthen your digital defenses.

Forensic Audit Services

Forensic audits involve investigating financial records to uncover fraud, embezzlement, or other misconduct. We use advanced techniques to trace suspicious transactions, gather evidence, and provide comprehensive reports for legal or internal action.

Business Plan & Financial Projections

A well-structured business plan is critical for securing funding and guiding your company's growth. We help you create detailed business plans, financial models, and cash flow projections to present to investors, banks, or stakeholders.

Fundraising Services

We support businesses in raising capital through debt, equity, or venture funding. Our team helps you prepare investor decks, financial forecasts, and compliance documents, ensuring you’re fully prepared for due diligence and negotiations.

How We Guide You Through the Process

At Prachi Gupta & Associates, we are with you every step of the way. We understand that every business is unique, so we tailor our approach to fit your specific needs and objectives.

• Understanding Your Needs: We start with an in-depth consultation to understand your business structure, industry, and goals. This helps us recommend the most relevant audit services for your situation.

• Planning & Execution: Our team creates a detailed audit plan, defining the scope, timeline, and methodology. We conduct the audit meticulously, keeping you informed at every stage.

• Detailed Reporting: After completing the audit, we provide a comprehensive report with findings, observations, and actionable recommendations.

• Post-Audit Support: We don’t just hand over a report and walk away. We help you implement our recommendations, optimize processes, and prepare for future audits or regulatory changes.

With our hands-on approach, extensive experience, and commitment to excellence, we ensure your business stays compliant, resilient, and ready for growth. Whether you need a routine internal audit, a high-stakes due diligence review, or a complex system audit — we’re the trusted partner you can count on.

Let us handle your audits, so you can focus on building a stronger, more successful business.

Have any questions?

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