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Audit & Assurance Services

In today’s dynamic business environment, transparent and accurate financial reporting is not just a compliance requirement — it’s a crucial element for building trust with stakeholders. At Jain & Sharma, we offer professional Audit & Assurance Services designed to give you clarity, confidence, and credibility.

Our audit services go beyond numbers. We help identify inefficiencies, strengthen internal controls, and ensure your financial statements reflect the true health of your business. Whether you’re a growing enterprise, a listed company, or a small business, our tailored approach ensures that your unique requirements are met with precision and professionalism.

By partnering with us, you get more than a statutory audit — you gain valuable insights that support informed decision-making and long-term growth.

Our Audit & Assurance Services Include

  1. Statutory Audit
    We conduct statutory audits as per legal and regulatory requirements, ensuring your financial statements are accurate and compliant. Our thorough approach helps build credibility with shareholders, investors, and regulatory bodies.

  2. Tax Audit
    Tax audits are conducted under the Income Tax Act to verify the correctness of income declarations and tax compliance. We assist in preparing audit reports, ensuring timely submission, and minimizing the risk of discrepancies or penalties.

  3. Stock Audit
    Our stock audit services help verify inventory records, identify discrepancies, and optimize inventory management. This is essential for businesses dealing with large volumes of stock, as it prevents pilferage and improves control.

  4. Revenue Audit
    We assess the accuracy of your revenue recognition processes and ensure compliance with applicable accounting standards. This audit helps detect irregularities and ensures the proper reflection of your business’s earnings.

  5. GST Audit
    GST audits involve a comprehensive review of your GST filings, compliance with GST laws, and verification of input tax credit claims. Our experts ensure that your GST returns are accurate and reduce the risk of disputes with tax authorities.

Why Choose Jain & Sharma for Audit & Assurance?

A qualified team with expertise across industries.
Focused on critical areas to maximize audit effectiveness.
Strict adherence to audit standards and professional integrity.
Tailored audits based on your business size and complexity.
Practical recommendations for improving financial controls.
Commitment to deadlines without compromising quality.

Frequently Asked Questions

Why is an audit important for my business?
An audit provides assurance that your financial statements are accurate, reliable, and compliant with legal requirements. It builds trust with stakeholders and helps identify areas for improvement.
What is the difference between Statutory Audit and Tax Audit?
A statutory audit is mandatory for companies under the Companies Act, focusing on overall financial reporting. A tax audit is required under Income Tax laws to verify income declarations and tax compliance.
How often should stock audits be conducted?
Stock audits are usually conducted annually, but businesses with large inventories may opt for quarterly or bi-annual audits for better control.
Is GST audit mandatory for all businesses?
GST audits are required based on turnover thresholds prescribed under GST laws. However, voluntary GST audits can help ensure compliance and avoid future disputes.
Will the audit process disrupt my business operations?
No. We plan audits with minimal disruption to your daily operations, ensuring a smooth and efficient process.
Can audit findings help improve my business?
Yes. Audit findings often reveal inefficiencies, control weaknesses, and compliance gaps. Acting on these insights can enhance your business performance and reduce risks.

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