Audit & assurance
Audit and Assurance Services
Independent audit and assurance work for organisations that need reliable financial reporting, statutory compliance and a clearer view of financial controls.
An audit should do more than complete a filing requirement. The engagement must begin with the applicable law, reporting framework, users of the financial statements and the risks that could create a material misstatement. NRS plans the work around those facts and documents the evidence supporting the final report.
The practice supports statutory audits, LLP audits, tax audits, internal audits and selected financial statement reviews. The precise scope, reporting responsibility and information required are confirmed before acceptance, particularly where independence or a statutory appointment process applies.
Service scope
Statutory and entity audits
- Company audit under the Companies Act
- LLP audit under applicable law
- Audit of trusts and societies
- Stock audit and inventory verification
- Financial statement and disclosure review
Tax and compliance audit
- Tax audit under section 44AB
- Books and records readiness review
- Reconciliation of tax and financial information
- Reporting support within the agreed scope
Internal audit and controls
- Process and internal-control review
- Transaction and sample testing
- Due-diligence and agreed-scope financial review
- Accounting workflow observations
- Management reporting on identified gaps
How the work progresses
- 01 · Acceptance and independence
Confirm the reporting requirement, appointment, conflicts, independence and professional eligibility. - 02 · Planning and information
Understand the entity, systems, controls, material balances, deadlines and records available. - 03 · Testing and review
Perform risk-based procedures, examine evidence and resolve significant information gaps. - 04 · Reporting and closure
Complete partner review, communicate relevant observations and issue the agreed report when requirements are met.
Local coordination
Clients can coordinate audit work through the Manjeri or Calicut office. Malappuram district assignments are ordinarily handled from Manjeri, while Kozhikode and Calicut assignments can be coordinated through the Pottammal branch.
On-site work, digital document exchange and management meetings are planned according to the entity, records and nature of testing. A location page provides office directions; this page explains the professional service itself.
Questions before you enquire
What is the difference between statutory audit, tax audit and internal audit?
A statutory audit is required by the law governing an entity, a tax audit is conducted under the Income-tax Act when applicable, and internal audit focuses on processes, risks and controls for management or governance. One organisation may require more than one type.
Can NRS help prepare records before an audit?
The firm can identify information requirements and provide separate accounting or readiness support where professionally permissible. Responsibilities and independence safeguards must be agreed before combining services.
Does NRS provide audit services in Manjeri, Malappuram and Calicut?
Yes. Engagements can be coordinated through the Manjeri and Calicut offices, with Malappuram district work served from Manjeri. Acceptance depends on scope, independence and professional requirements.
Audit and assurance work is accepted only after checking appointment requirements, professional eligibility, independence and the records needed to perform the engagement.