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?
