Interactive Planning Approach
Audit is more than compliance—it’s a safeguard for accountability and financial transparency.
We adopt a structured, independent audit process designed to enhance the credibility of financial information for all stakeholders. Our approach supports informed decision-making while adhering to applicable laws and professional standards.
Statutory Audit
Conducting audits as mandated under the Companies Act, 2013, with a focus on ensuring compliance, accuracy of financial reporting, and adherence to applicable accounting and auditing standards.
Internal Audit
Independent reviews conducted to assess the effectiveness of internal controls, evaluate risk management processes, and provide recommendations for strengthening operational and financial governance—performed in accordance with applicable standards and client-specific scope.
Tax Audit
Audit conducted under Section 44AB of the Income Tax Act, 1961 for businesses and professionals exceeding prescribed turnover or gross receipt thresholds, in accordance with statutory requirements and reporting guidelines.
Forensic Audit
Specialized audit procedures conducted to examine financial records for indications of fraud, irregularities, or mismanagement, typically in the context of internal investigations, dispute resolution, or regulatory inquiries—performed in accordance with relevant forensic standards and professional guidelines.
Stock & Book Debt Audits
Audits conducted to verify inventory levels and receivables, primarily for submission to banks and financial institutions as part of working capital assessment, loan monitoring, or compliance with sanctioned credit terms—performed as per lender-specified scope and professional standards.
Fixed Asset Verification
Independent verification of physical assets to ensure proper existence, location, and condition, along with review of asset tagging, reconciliation with books of accounts, and documentation of additions, disposals, or impairments—conducted in accordance with applicable audit procedures and client-specific requirements.
Due Diligence Reports
Financial due diligence conducted to assess the historical and current financial position of an entity in the context of mergers, acquisitions, strategic investments, or partnership decisions, with focus on financial accuracy, compliance risks, and relevant regulatory considerations.
Achieving Transparency & Control through Independent Audit
A robust audit enhances the credibility and reliability of financial information, supporting transparent decision-making for stakeholders.
At Lekshmi N Iyer & Associates, we follow a structured, unbiased approach to each audit engagement, ensuring compliance with applicable laws, accounting standards, and professional responsibilities.
How We Help You Reach Your Goals
Understand Your Business
We begin by understanding your business structure, operational environment, and the nature of financial records and controls in place.
Prepare the Audit Scope
Based on statutory or management requirements, we outline the scope of audit—covering financial, legal, or internal control aspects—along with a reporting timeline and document checklist.
Conduct & Review
We examine accounting records, supporting documentation, systems, and physical assets as applicable, using a structured methodology aligned with professional standards.
Deliver Report & Support
A clear audit report is delivered, highlighting observations, areas of non-compliance (if any), and relevant disclosures. Post-audit clarifications or compliance recommendations (where permissible) are also addressed.
Comprehensive Solutions Tailored to Your Needs
- Investments
- Finances & Economy
See What Our Clients Are Saying
We meet our clients where they are—whether they’re navigating property transactions, handling departmental notices, or seeking audit-readiness. Our role is to ensure every step is documented, lawful, and aligned with applicable regulations.
Each engagement is designed to deliver clarity in compliance, strength in documentation, and confidence in representation. Our commitment lies in guiding clients through statutory responsibilities with structure and assurance.
With deep domain expertise across taxation, FEMA, and audit compliance, Lekshmi N Iyer & Associates supports clients with hands-on guidance, structured processes, and a proactive approach that simplifies decision-making and mitigates regulatory risks.
Audit & Assurance FAQs
Common questions about statutory audits, internal controls, and financial transparency.
Who is required to conduct a statutory audit in India?
Statutory audits are mandated under the Companies Act, 2013 for all companies, and under the Income Tax Act, 1961 for businesses exceeding prescribed turnover thresholds. Partnerships and proprietorships may also be required to undergo audit depending on tax provisions or regulatory requirements.
What’s the difference between internal and statutory audits?
A statutory audit is legally required to ensure compliance with regulatory frameworks, focusing on financial accuracy. An internal audit is a voluntary, proactive measure conducted to improve internal processes, risk management, and operational efficiency. We offer both to ensure governance and long-term stability.
How is a forensic audit conducted?
A forensic audit involves a detailed examination of financial records to detect fraud, financial irregularities, or misconduct. It combines investigative accounting techniques with legal understanding, often involving document tracing, transactional analysis, and evidence-based reporting suitable for litigation or regulatory proceedings
Do you provide support for due diligence before investments or mergers?
Yes. We assist clients in conducting financial, legal, and tax due diligence to evaluate target entities. Our scope includes risk assessment, verification of books, compliance checks, and red flag identification to enable informed decision-making.
