Audit & Assurance Services — Independent, Thorough, and Built for Your Business
An audit is not just a regulatory checkbox. Done well, it is one of the most powerful tools a business has to identify financial risk, strengthen internal controls, satisfy lenders and investors, and demonstrate credibility to regulators. Done poorly — or delegated to someone who treats it as a checkbox — it can leave your business exposed in exactly the ways an audit was supposed to protect it.
At Y M Shah & Co., we conduct audits the way they are meant to be conducted: independently, rigorously, and with a genuine understanding of your business and its sector-specific risks.
Our Audit & Assurance Services
Statutory Audit
Mandated under the Companies Act, 2013, for all companies above prescribed thresholds. We conduct thorough statutory audits and issue independent audit opinions that withstand regulatory scrutiny — from MCA to bank lenders to potential investors.
- Audit of Private Limited and Public Limited Companies
- Audit of NBFCs (as per RBI guidelines)
- Audit of Housing Finance Companies
- Audit of Charitable Trusts and NGOs
- Audit under Section 8 Companies (not-for-profit)
Tax Audit (Section 44AB, Income Tax Act)
Mandatory for businesses and professionals above specified turnover thresholds. We conduct tax audits efficiently, ensuring that Form 3CA/3CB and 3CD are filed accurately and on time — minimising the risk of penalties under Section 271B and protecting you in the event of a scrutiny assessment.
A well-conducted tax audit is also one of the best defences against income tax notices — because it documents your financials in a way that leaves little room for misinterpretation by the Assessing Officer.
GSTR-9C — GST Annual Return Reconciliation
While mandatory GST audit has been removed, GSTR-9C reconciliation remains critically important for businesses with turnover above ₹5 crore. We perform a detailed reconciliation of books of accounts with GST returns — identifying differences, explaining them with supporting documents, and ensuring the reconciliation statement is accurate and defensible.
Internal Audit
An internal audit looks inward — at your systems, processes, and internal controls — to identify weaknesses before they become losses. We conduct risk-based internal audits for manufacturing companies, trading houses, and service businesses, and provide actionable recommendations to strengthen controls and reduce leakage.
- Revenue leakage and cost overrun identification
- Purchase and vendor payment process review
- Inventory management and valuation controls
- Payroll and HR compliance checks
- IT system access controls and data integrity review
Stock Audit & Asset Verification
Banks and financial institutions frequently require stock audits for working capital borrowers. We conduct these audits efficiently, producing reports that meet lender requirements while giving you useful operational insights.
Special Purpose Audits
- Due diligence audit for business acquisitions or investments
- Forensic audit to investigate suspected fraud or misappropriation
- Grant utilisation audit for NGOs and government-funded projects
- Certification of net worth, turnover, or export performance
Why Businesses Choose Y M Shah & Co. for Audit
- Independence you can rely on — Our audit opinions are formed based on evidence, not on what management wants to hear. That independence is what makes our reports credible to banks, regulators, and investors.
- Sector experience — We have audited businesses in manufacturing, trading, real estate, healthcare, education, and professional services. We understand the sector-specific risks that a generalist might miss.
- Timely delivery — We plan audit engagements in advance and stick to the agreed timeline — so your board meetings, AGM filings, and bank submissions are never delayed because of us.
- Beyond the audit — We do not just audit and leave. We share observations on financial management, tax planning opportunities, and compliance gaps — giving you value beyond the audit report itself.
Schedule Your Audit
Whether you need a statutory audit, a tax audit for year-end filing, or an internal audit to strengthen your business, we are ready to engage. Call +91 90332 31693 or write to info@caymshah.in to discuss your requirements and get a proposal.