audit & assurance

ashwani & associates delivers quality assurance services to help you spot hidden opportunities or potential trouble areas in a manner that’s collaborative. We operate at the highest level of integrity and objectivity and demand compliance with the profession’s ethics and independence standards. That’s easy to say, of course, but our record confirms it and has for more than 40 years.

Our Approach to Audits

An audit shouldn’t interfere with business operations. Thorough planning and proper staffing are imperative to delivering timely results and avoiding costly delays.

Our approach to auditing requires that we obtain an in-depth understanding of the organization. The audit is tailored to the specific company’s needs and objectives. This requires knowledge of the goals, major operating policies, regulatory environment and information requirements. In addition, through the utilisation of data extraction software, we are able to flag financial information from your computerised accounting records to maximize audit efficiency and error detection. This ensures that audit time is utilized most efficiently to render our audit report on the financial statements as a whole. We have also been subjected to a peer review by the Institute of Chartered Accountants of India. To view our most recent peer review results, click here.

Compilations & Reviews

If you have assurance needs that don’t require an audit, we can provide either a review and compilation. A compilation is limited to presenting information that is the representation of management in the form of financial statements and supplementary information and accordingly we do not express any degree of assurance on the statements.

In a review of a company’s financial statements, we express limited assurance that there are no material modifications that should be made to the financial statements. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. We provide these services to closely held businesses where the assurance provided to third parties as a result of the audit process is not required.

Services We Offer Include :

Statutory Audit

Expressing an opinion on the true and fairness of financial statements of the company as required under the statute, accounting standards and guidelines issued by the regulator.

Management Audit

Audit of specific operational management functions (viz. purchase, sales, inventory, fixed assets, special purpose accounting etc.) wherein we handhold the management in improving the overall efficiency.

Tax Audit

Auditing the financial statements of an eligible entity in accordance with the provisions of the Income Tax Act, 1961  and providing disclosures through specified formats.

Forensic Audit

Audit undertaken at the specific request of the management to improve the overall efficiency and detecting or mitigating the chances of fraud or misappropriation of resources.


Indian entity of foreign corporate and medium and large Indian corporate require reporting per International Financial Reporting Standards (IFRS). We carry out extensive reviews and advisory to ensure that the requirements under IFRS are met and provide support through robust impact analysis mechanism.

Internal Controls

Reviews undertaken as guided by the statute wherein the effectiveness of internal controls is evaluated with a view to ensure a risk mitigated environment.

Why enterprises chose us ?

International Experience

As a member of Geneva Group International, we are able to provide services across all major metro cities in the world. It is independent, has an international standing and profile, has a proven methodology specific to auditing, and access to benchmarks and best practice guidance.

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audit and assurance

Value for Money

Our services are fairly priced and the endeavour is to complete the assignment  within the prescribed timeframe and cost. Our stakeholder surveys boast an average satisfaction score of 98%, with many Audit Committee Chairs, CEO’s and CFO’s describing their satisfaction !

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Tax Services by Ashwani & Associates

Improvement Focus

A key feature which distinguishes ashwani & associates from many other service providers is that you will not just get a report telling you what needs to be fixed. We draws on our experience, networks, and leading practices to work on how to effectively implement improvements.

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Range of markets

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