Audit and Assurance
At FinAngel Advisory, we offer comprehensive Audit and Assurance services designed to enhance financial credibility and ensure regulatory compliance. Whether you’re a startup, SME, NGO, or large enterprise, our CA-led audit process provides valuable insights into your financial systems, internal controls, and risk exposure.
Strengthen Internal Controls, Build Stakeholder Confidence
Audit and Assurance services are essential tools for ensuring financial transparency, legal compliance, and stakeholder trust. At FinAngel Advisory, we provide a comprehensive suite of audit services that go beyond routine checks — offering deep insights into your financial health, internal controls, and business operations. Our goal is not just to meet statutory requirements but to add strategic value to your organization through objective evaluation and recommendations. We offer a wide range of audits including Statutory Audit, conducted in accordance with the Companies Act, which ensures that financial statements reflect a true and fair view of the company’s performance. Our Tax Audit services help businesses comply with the requirements of Section 44AB of the Income Tax Act, with complete accuracy and within deadlines.
Our Audit & Assurance Offerings
At FinAngel Advisory, you get one trusted CA-led team for everything finance—strategy, compliance, risk, and growth. We provide end‑to‑end support so you can focus on building your business while we handle the numbers, controls, and deadlines.
Statutory Audit
We conduct audits as per the Companies Act, ensuring your financial statements are true, fair, and compliant with legal standards.
Tax Audit
Mandatory under Section 44AB of the Income Tax Act, we help businesses meet their tax audit requirements accurately and timely.
Internal Audit
We evaluate your internal controls, risk management systems, and processes to improve efficiency and prevent fraud or leakage.
GST Audit
Reviewing GST returns, records, and reconciliations to ensure proper tax compliance and identify mismatches or reporting errors.
Statutory Audit
A statutory audit is a mandatory examination of an organization’s financial statements to ensure they are accurate, transparent, and in full compliance with the Companies Act, 2013, applicable accounting standards, and other regulatory requirements. At FinAngel Advisory, we provide thorough statutory audit services for companies, LLPs, and other entities, focusing on verifying the correctness of financial records, assessing internal control systems, and identifying any discrepancies or areas for improvement. Our process involves a detailed review of books of accounts, vouchers, supporting documents, and financial statements to confirm that they present a true and fair view of the organization’s financial position. By combining our technical expertise with a practical, business-oriented approach, we not only help clients meet their legal obligations but also enhance their financial governance and operational efficiency.
Internal Audit
Internal audit is a vital process that helps organizations evaluate and improve the effectiveness of their internal controls, risk management, and governance processes. At FinAngel Advisory, we offer comprehensive internal audit services tailored to the unique needs of your business, focusing on identifying operational inefficiencies, detecting potential risks, and ensuring compliance with statutory and internal policies. Our approach goes beyond routine checks—we conduct in-depth reviews of financial transactions, processes, and systems to uncover hidden gaps and recommend practical, actionable solutions. By providing timely insights and continuous monitoring, we help management make informed decisions, safeguard assets, improve operational efficiency, and maintain a strong control environment.
Management Audit
A management audit is a comprehensive evaluation of an organization’s managerial practices, policies, and decision-making processes to ensure they align with business objectives and promote overall efficiency. At FinAngel Advisory, we conduct detailed management audits that go beyond financial compliance to assess the effectiveness of planning, organizing, directing, and controlling functions across all levels of management. Our approach focuses on analyzing organizational structure, resource utilization, leadership effectiveness, communication flow, and strategic decision-making. By identifying strengths, weaknesses, and potential areas of improvement, we provide actionable recommendations that help businesses enhance productivity, optimize processes, and achieve sustainable growth.
Internal Financial Control (IFC) over financial reporting Audit
An Internal Financial Control (IFC) over Financial Reporting Audit is a critical process that ensures a company’s financial reporting is accurate, reliable, and compliant with applicable laws and accounting standards. At FinAngel Advisory, we specialize in conducting IFC audits that evaluate the design, implementation, and operational effectiveness of internal controls governing financial transactions and reporting. Our approach involves identifying key control points, testing their effectiveness, and assessing whether they mitigate the risk of material misstatements in the financial statements. We provide clear insights into gaps or weaknesses in the control framework and recommend practical, business-oriented solutions to strengthen compliance and safeguard financial integrity.
Bank Concurrent Audit
Bank Concurrent Audit is an ongoing, real-time examination of a bank’s transactions and operations to ensure accuracy, transparency, and compliance with regulatory guidelines. At FinAngel Advisory, we provide comprehensive concurrent audit services aimed at detecting and preventing irregularities, operational lapses, and potential fraud at the earliest stage. Our audit process involves daily or regular verification of key transactions such as advances, deposits, cash operations, foreign exchange dealings, and adherence to internal policies and RBI norms. By monitoring these activities continuously, we help banks strengthen internal controls, improve operational efficiency, and maintain a high standard of compliance. Our timely reporting and actionable recommendations enable bank management to take immediate corrective measures, safeguard assets, and uphold customer trust.
Bank Audit
A bank audit is a thorough examination of a bank’s financial statements, records, and operations to ensure accuracy, regulatory compliance, and adherence to internal policies. At FinAngel Advisory, we conduct detailed bank audits covering both statutory and operational aspects, in line with the guidelines issued by the Reserve Bank of India (RBI) and other regulatory authorities. Our audit process includes verification of advances, deposits, asset classification, income recognition, provisioning, and compliance with prudential norms. We also assess the effectiveness of internal controls, risk management practices, and fraud prevention mechanisms. By identifying gaps, irregularities, or areas for improvement, we provide actionable insights that help banks strengthen governance, improve operational efficiency, and maintain the trust of stakeholders.
Stock Audit
A stock audit is a systematic verification of a company’s inventory to ensure accuracy in records, safeguard assets, and prevent pilferage or mismanagement. At FinAngel Advisory, we provide meticulous stock audit services that help businesses maintain correct stock levels, identify discrepancies, and improve inventory control systems. Our audit process involves physical verification of stock, reconciliation with book records, evaluation of storage conditions, and assessment of inventory valuation methods in line with accounting standards. We also review internal controls over inventory management, detect slow-moving or obsolete stock, and suggest practical measures to optimize stock turnover. Whether for statutory compliance, banking requirements, or internal efficiency, our stock audits deliver clear, accurate insights that help organizations reduce losses, enhance operational efficiency, and make informed procurement and sales decisions.
Tax Audit
A tax audit is an examination mandated under Section 44AB of the Income Tax Act, 1961, to ensure that a taxpayer’s accounts comply with the provisions of the law and accurately reflect income, deductions, and tax liabilities. At FinAngel Advisory, we conduct thorough tax audits for businesses, professionals, and other entities, focusing on verifying books of accounts, checking compliance with income tax provisions, and reporting prescribed information in Form 3CA/3CB and 3CD. Our audit process ensures accurate reporting of turnover, expenses, depreciation, and statutory dues, while identifying areas of potential tax exposure or savings. By combining our technical expertise with a business-oriented approach, we help clients meet statutory deadlines, avoid penalties, and maintain transparent, compliant financial records.
Forensic Audit
A forensic audit is a specialized examination of financial records aimed at detecting fraud, financial irregularities, and misappropriation of assets, while also gathering evidence that can be used in legal proceedings. At FinAngel Advisory, we conduct detailed forensic audits that combine auditing expertise with investigative techniques to uncover hidden transactions, falsified records, or suspicious activities. Our process includes analyzing accounting entries, bank statements, contracts, and supporting documents to trace the flow of funds and identify discrepancies. We work closely with legal teams, regulators, and management to ensure that our findings are comprehensive, well-documented, and admissible in court if required. Whether triggered by whistleblower reports, internal suspicions, or regulatory directives, our forensic audits provide clarity, uncover the truth, and help organizations take corrective and preventive actions.
Due diligence
Due diligence is a comprehensive review and analysis of a company’s financial, legal, and operational aspects, typically conducted before mergers, acquisitions, investments, or partnerships. At FinAngel Advisory, we offer meticulous due diligence services that help clients make informed business decisions by identifying potential risks, liabilities, and opportunities. Our process involves examining financial statements, tax compliance, legal contracts, corporate records, operational processes, and market positioning. We assess the accuracy of reported information, uncover hidden issues, and evaluate the overall health and future prospects of the business. By providing clear, actionable insights, our due diligence services enable clients to negotiate with confidence, safeguard their investments, and ensure smooth transaction execution.
Audit of Form 15CB of Income Tax Act and Issue Form 15CA
The Audit of Form 15CB and the issuance of Form 15CA are essential compliance requirements under the Income Tax Act, 1961, for remittances made outside India. At FinAngel Advisory, we provide specialized services to ensure these forms are accurately prepared, certified, and filed in accordance with legal provisions. Form 15CB, issued by a Chartered Accountant, certifies that applicable taxes have been deducted at source on foreign remittances and that the payment complies with Indian tax laws and Double Taxation Avoidance Agreements (DTAA). Form 15CA, on the other hand, is an online declaration made to the Income Tax Department before sending money abroad.
SOX Compliance to ensure adequate internal controls are in place and effective
SOX Compliance, mandated under the U.S. Sarbanes-Oxley Act of 2002, is designed to ensure that publicly listed companies maintain robust internal controls over financial reporting, thereby enhancing transparency and protecting investors. At FinAngel Advisory, we assist organizations in achieving and maintaining SOX compliance by evaluating existing internal control frameworks, identifying gaps, and implementing effective control measures. Our services include risk assessment, control testing, documentation, process improvement, and ongoing monitoring to ensure that financial statements are accurate and reliable.
Operational & Financial Review
An Operational & Financial Review is a comprehensive evaluation of an organization’s business processes and financial performance to ensure efficiency, profitability, and sustainability. At FinAngel Advisory, we conduct in-depth reviews that go beyond numbers—analyzing workflows, resource utilization, cost structures, and revenue streams to identify strengths, weaknesses, and improvement opportunities. Our process includes assessing budgetary controls, financial reporting accuracy, operational bottlenecks, and strategic alignment with business goals. By combining financial analytics with operational insights, we deliver practical recommendations that help clients optimize performance, reduce costs, and enhance decision-making.
Compliance Audit
A Compliance Audit is an independent assessment to ensure that an organization adheres to all applicable laws, regulations, standards, and internal policies. At FinAngel Advisory, we provide thorough compliance audit services that help businesses identify gaps, mitigate risks, and maintain regulatory integrity. Our audit process covers statutory requirements, industry-specific regulations, contractual obligations, and internal governance frameworks. We evaluate documentation, operational practices, and control mechanisms to confirm compliance and recommend corrective actions where needed. By proactively addressing compliance issues, we help clients avoid penalties, safeguard their reputation, and foster trust among stakeholders.
Fixed Assets Audit
A Fixed Assets Audit is a systematic review of an organization’s asset records to ensure accuracy, proper valuation, and compliance with accounting standards. At FinAngel Advisory, we conduct detailed fixed assets audits to verify the existence, condition, ownership, and proper classification of each asset. Our process includes reconciling asset registers with physical verification, checking for correct depreciation calculations, and ensuring that acquisitions, disposals, and transfers are properly documented. We also assess compliance with statutory requirements and internal policies related to asset management. This audit not only safeguards against misstatements and fraud but also helps organizations optimize asset utilization, improve maintenance planning, and make informed capital investment decisions.
Frequently Asked Questions
1. What types of audits does Finangel Advisory provide?
2. Do you provide audits for financial controls and compliance?
3. Can you assist with operational and financial reviews?
4. Do you support specialized audits like Form 15CB/15CA and due diligence?
5. Why should I choose Finangel Advisory for audit services?
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Audit and Assurance Services in Gurgaon, Delhi, Ghaziabad and Faridabad
Audit and assurance services are the foundation of financial integrity, regulatory compliance, and stakeholder confidence for every type of organisation. FinAngel Advisory provides a complete range of audit services — statutory audit, tax audit, internal audit, concurrent audit, GST audit, stock audit, bank audit, RERA audit, and special purpose audits — to companies, LLPs, trusts, societies, and government bodies across the entire Delhi NCR region. Our audit professionals combine rigorous methodology with deep technical expertise in Indian Accounting Standards, Companies Act 2013, Income Tax Act, and GST law.
Every audit engagement is planned and executed with attention to the specific industry, regulatory environment, and risk profile of the client. We deliver audit reports that are technically sound, commercially meaningful, and completed on time — allowing management to rely on our findings and make confident decisions. Our team serves clients across Gurgaon, Delhi, Ghaziabad, Faridabad, Noida, and Greater Noida.
Statutory Audit for Companies and LLPs
Every company registered under the Companies Act 2013 and every LLP with turnover above Rs. 40 lakh or capital contribution above Rs. 25 lakh must have its annual financial statements audited by a practising Chartered Accountant. FinAngel Advisory conducts statutory audits for private limited companies, public limited companies, one person companies, and LLPs registered across Delhi NCR. Our statutory audit covers examination and testing of the entire books of accounts including cash book, bank book, sales and purchase ledgers, journal entries, and fixed assets register; verification that financial statements give a true and fair view in accordance with applicable Accounting Standards or Ind AS; assessment of the adequacy of internal controls; evaluation of going concern; review of compliance with Companies Act provisions; and preparation of the independent auditor's report.
We serve companies in every major industry — IT and software companies in DLF Cyber City and Udyog Vihar, Gurgaon; manufacturing companies in IMT Faridabad, Ballabhgarh, and Sahibabad Industrial Area, Ghaziabad; real estate developers in Gurgaon, Noida, and Greater Noida; healthcare companies including hospitals and diagnostic chains in Delhi and Gurgaon; retail and FMCG distribution companies across Delhi, Gurgaon, and Noida; educational institutions in Faridabad, Noida, and Greater Noida; and diversified business groups with operations across multiple Delhi NCR cities.
Tax Audit Under Section 44AB
Businesses with gross turnover exceeding Rs. 1 crore (or Rs. 10 crore where cash transactions are below 5% of total receipts and payments) and professionals with gross receipts above Rs. 50 lakh in a financial year are required to get their accounts tax-audited by a Chartered Accountant under Section 44AB of the Income Tax Act. The tax audit report in Form 3CA or 3CB along with Form 3CD must be filed on the income tax e-filing portal before 30 September following the close of the financial year.
FinAngel Advisory conducts tax audits for a wide range of clients across Delhi NCR — trading firms and wholesalers in Ghaziabad's Raj Nagar, Lal Kuan, and Sahibabad; manufacturing companies in Faridabad's industrial belt and Manesar, Gurgaon; contractors, builders, and real estate developers in Noida, Greater Noida, and Gurgaon; IT and consulting firms in Cyber City and Udyog Vihar, Gurgaon; professional practices including hospitals, law firms, and CA firms across Delhi and NCR; and e-commerce and logistics companies across the region. Our tax audit team ensures Form 3CD is completed accurately with all required clauses, and the report is filed well before the due date.
Internal Audit and Risk Management
Internal audit is not merely a compliance requirement — it is a strategic management tool that helps organisations identify operational inefficiencies, fraud risks, control weaknesses, regulatory gaps, and opportunities for process improvement before they escalate into significant problems. FinAngel Advisory's internal audit team provides customised internal audit services to companies, institutions, and government bodies across Delhi NCR.
Our internal audit approach begins with a comprehensive risk assessment to identify the highest-risk processes and areas within the organisation. We then design an annual internal audit plan focusing audit effort on these risk areas, conduct process walkthroughs and transaction testing, evaluate the design and operating effectiveness of internal controls, test compliance with company policies and regulatory requirements, and issue detailed internal audit reports with findings, risk ratings, and specific recommendations for improvement. Management responses to each recommendation are tracked and followed up in subsequent audit cycles.
We provide internal audit services to IT companies and BPOs in Gurgaon's Cyber City and DLF areas; manufacturing groups in Faridabad's IMT and Ballabhgarh zones; real estate developers with multiple projects across Gurgaon, Noida, and Greater Noida; hospital and healthcare groups in Delhi and Gurgaon; educational universities and schools in Greater Noida, Faridabad, and Ghaziabad; hotel and hospitality chains in Gurgaon, Delhi, and Noida; retail and FMCG distribution companies; and non-government organisations operating across Delhi NCR.
GST Audit and GSTR-9C Certification
GSTR-9C (Reconciliation Statement) requires certification by a Chartered Accountant for businesses with aggregate turnover above Rs. 5 crore. This involves reconciling the audited annual accounts with the 12 months of GST returns filed, verifying the correctness of tax rates applied, checking eligibility and reversals of ITC, identifying unreported turnover, and computing additional tax liability if any. FinAngel Advisory provides GSTR-9C certification for clients across all industries in Delhi NCR. Our GST audit team systematically reconciles accounting data with GST return data, prepares comprehensive working notes, resolves reconciling items, and certifies the GSTR-9C with full responsibility for the accuracy of the reconciliation.
Stock Audit and Inventory Verification
Banks and NBFCs mandatorily require periodic stock audits for borrowers availing cash credit, working capital demand loan, and inventory-backed financing facilities. A stock audit verifies the physical inventory position against books of accounts, assesses inventory valuation methods, identifies slow-moving or obsolete stock, checks storage conditions and insurance coverage, and reviews the debtors position. FinAngel Advisory conducts stock audits at manufacturing units, warehouses, showrooms, and retail stores across Delhi NCR — including factories in Sahibabad Industrial Area, Ghaziabad and NIT and Ballabhgarh, Faridabad; wholesale trading godowns in Karol Bagh and Chandni Chowk, Delhi; and logistics warehouses along NH-48, NH-58, and NH-9.
RERA Audit Certificate
RERA regulations require real estate developers to obtain an annual CA audit certificate confirming that at least 70% of project funds collected from homebuyers have been deposited in the designated RERA escrow account and utilised exclusively for project construction and land cost. FinAngel Advisory provides RERA audit certificates — Form-H under HRERA for projects in Gurgaon and Faridabad, and Form-2 under UP RERA for projects in Noida, Greater Noida, and Ghaziabad. Our RERA audit team reviews project financials, escrow account statements, construction contractor payments, and material procurement records to certify RERA compliance accurately and on time every quarter and annually.
Concurrent Audit for Banks and Financial Institutions
Concurrent audit provides real-time transaction monitoring for bank branches and financial institutions, detecting errors, policy deviations, and potential frauds as transactions occur rather than after the fact. FinAngel Advisory provides concurrent audit services to scheduled commercial bank branches across Delhi NCR, reviewing daily transaction entries, loan disbursements and repayments, KYC compliance, interest calculations, forex transactions, and submission of regulatory reports. Our concurrent auditors are experienced, discreet, and thorough, working within the bank's systems without disrupting branch operations.
Forensic Audit and Fraud Investigation
Forensic audits are conducted when there is suspicion of fraud, embezzlement, financial irregularities, or misconduct within an organisation. Unlike standard statutory or internal audits, forensic audits are specifically designed to detect and document financial fraud with the rigour required for use in legal proceedings, disciplinary actions, or insurance claims. FinAngel Advisory provides forensic audit services to companies in Delhi NCR that suspect employee fraud, management misconduct, vendor kickbacks, or financial statement manipulation. Our forensic team uses data analytics, transaction tracing, document examination, and interview techniques to identify the extent and perpetrators of fraud, quantify financial losses, and prepare a forensic audit report that can be used as evidence in legal proceedings. We serve clients in manufacturing, retail, real estate, and financial services across Gurgaon, Delhi, Ghaziabad, and Faridabad for forensic audit assignments.
Audit Timeline and Deliverables
FinAngel Advisory delivers every audit engagement on schedule with complete professional documentation. Our standard audit deliverables include an engagement letter confirming scope and timelines, a preliminary audit findings memo after fieldwork, a draft audit report for management review and response, a final signed audit report with management letter, and a post-audit exit meeting to discuss key findings and recommendations. For statutory audits, we target completion within 45 to 60 days of year-end for most companies, and we work closely with management teams across Gurgaon, Delhi, Ghaziabad, Faridabad, and Noida to ensure audit requirements are met without disrupting business operations. Our audit team uses a paperless, cloud-based audit documentation system, providing real-time visibility on audit progress and secure digital access to working papers for client review.
