Audit & Assurance Services
Audit & assurance is the independent examination of a company’s financial statements and internal controls to confirm they present a true and fair view, and Bansal S S & Co provides this service to businesses across India from our base in Siliguri. Whether you need a statutory audit to meet a Companies Act requirement or an assurance review to satisfy a lender or investor, our audits are built to hold up to regulatory, banking, and stakeholder scrutiny — not just to close a compliance checkbox.
What We Offer
Statutory Audit
A statutory audit is the annual, legally mandated examination of a company’s or LLP’s financial statements, conducted in line with applicable Standards on Auditing and reported under the Companies Act, 2013. We plan each statutory audit around the specific risk areas of the entity rather than running a generic checklist, and we work to have the report ready well ahead of Registrar of Companies filing deadlines.
Tax Audit
A tax audit is a review of a business’s or professional’s accounts to verify compliance with the Income Tax Act once turnover or receipts cross the prescribed threshold. Tax audit reporting formats and clause requirements have changed materially in recent years and continue to evolve under the new tax audit framework, so we keep our filing process current with whichever reporting form is applicable for the relevant assessment year, rather than working off outdated formats.
Bank Audit
Bank audit covers statutory and concurrent audit assignments for bank branches, including verification of cash credit and working capital exposures. We handle the documentation-heavy, deadline-driven nature of bank audit assignments with dedicated teams during audit season.
Stock Audit
Stock audit is the physical verification and valuation of inventory and stock hypothecated against bank borrowings, typically commissioned by a lender or by management itself. Our stock audits are conducted on-site, with findings reconciled against book records and reported in the format the commissioning bank or client requires.
Limited Reviews
Limited review is a lighter-touch review of quarterly or interim financial statements, used where a company has board or lender reporting obligations between full annual audits. We scope these to give management and stakeholders timely comfort without the full depth of an annual audit.
Internal Financial Controls (IFC) Testing
IFC testing evaluates whether a company’s internal financial controls are properly designed and are actually operating as intended, a reporting requirement that sits alongside the statutory audit for many companies. We test controls against how the business actually operates, not just against a documented policy that may not reflect practice.
Why Bansal S S & Co
We’ve been conducting audits since 2017, and in that time we’ve worked across manufacturing, trading, financial services, and services businesses of varying scale and complexity — which means our audit approach is shaped by real exposure to different accounting systems and control environments, not a one-size-fits-all checklist. Because we serve clients PAN India while being based in Siliguri, our audit teams are set up to work efficiently over remote documentation review and coordinated site visits, so location is rarely a constraint on audit quality or timelines. We also lean on technology-enabled workpapers and structured sampling to keep audits thorough without dragging them out longer than they need to be, and we track regulatory changes to tax and audit reporting requirements closely so our clients are never caught filing on an outdated form or under an outdated rule.
Industries We Serve
Our audit engagements span manufacturing units, NBFCs and financial services firms, trading and distribution businesses, startups and early-stage companies, real estate and construction firms, hospitality businesses, and professional services firms — with audit programs adapted to the specific regulatory and reporting requirements each sector carries.
Our Process
- Scoping call — We understand your entity type, applicable audit requirement, and reporting deadline.
- Planning & risk assessment — We identify key risk areas and design the audit program around them, rather than applying a generic template.
- Fieldwork & documentation review — Testing of transactions, controls, and supporting records, conducted remotely and on-site as needed.
- Findings discussion — We walk you through observations before finalizing anything, so there are no surprises in the report.
- Report & sign-off — Delivery of the audit report, management letter, and any statutory filings that follow from it.
If your business needs an audit that goes beyond a compliance formality, talk to our audit team about your requirement.
Schedule a
consultation
- Contact Numbers
- +91 98320 07515
- Mail Us
- bansal.shiv2@gmail.com
- simransaria.105@gmail.com