Audit, assurance and compliance review support
Vijayarajan & Associates assists businesses, companies, firms, trusts and other entities with audit and assurance-related services, including statutory audit, tax audit support, internal audit, compliance review and audit preparation.
The focus is on orderly records, clear audit schedules, appropriate documentation and professional reporting based on applicable law, Standards on Auditing and engagement requirements.
Audit support for businesses that need reliable records and reporting
This service is suitable for companies, partnership firms, LLPs, proprietorships, trusts, charitable institutions and other entities requiring audit, audit preparation, statutory reporting, internal control review or compliance documentation support.
Companies and LLPs
Audit and compliance support for entities that require statutory reporting, financial statement review and audit documentation.
Statutory reportingSMEs and family businesses
Audit preparation, account closing, reconciliations, schedules and documentation review for business records.
Audit readinessTrusts and institutions
Accounting review, supporting records, receipts, payments, utilisation records and compliance-related audit support.
Institution auditAudit and assurance service areas
Audit requirements differ depending on entity type, applicable law, turnover, borrowings, internal systems and reporting obligations.
| Area | What it covers | How the firm assists |
|---|---|---|
| Statutory audit | Audit of financial statements and reporting under applicable company or entity law. | Audit planning, document review, verification, reporting support and financial statement review. |
| Tax audit support | Review of books, tax audit schedules, clauses, disclosures and reporting information. | Data review, reconciliation support, clause-wise information review and filing coordination where applicable. |
| Internal audit | Review of internal controls, processes, accounting flow, authorisation, documentation and risk areas. | Process walkthrough, sample checks, exception reporting and practical observations for management review. |
| Stock audit assistance | Inventory records, stock statements, movement records and supporting documentation. | Stock record review, reconciliation, sampling support and documentation checks. |
| Compliance review | GST, TDS, income tax, statutory registers, filings and recurring compliance records. | Checklist-based review and identification of pending or inconsistent records. |
| Audit preparation | Year-end closing, ledgers, confirmations, reconciliations, schedules and supporting documents. | Audit readiness assistance before statutory audit, tax audit or management review. |
What should be ready before an audit starts?
Before an audit starts, an entity should generally keep updated books of account, bank reconciliations, debtor and creditor schedules, fixed asset details, loan confirmations, GST and TDS records, payroll records, inventory details, statutory filings and supporting documents for major transactions.
Practical note
Audit readiness improves when records are reviewed periodically instead of being compiled only at year-end. Monthly closing, GST reconciliation, TDS review and supporting document discipline can reduce audit queries and delays.
Books and ledgers
Trial balance, general ledger, cash book, bank book, sales, purchases and expense records.
Reconciliations
Bank, GST, TDS, debtors, creditors, loans, advances and related-party balances.
Supporting documents
Invoices, agreements, board or partner approvals, confirmations, challans and statutory filings.
Management schedules
Fixed assets, inventory, ageing, provisions, prepaid expenses and year-end closing schedules.
Structured audit workflow
A structured workflow helps maintain clarity, documentation and traceability throughout the audit or review process.
Understand scope
Review entity type, audit requirement, reporting period, statutory context and engagement expectations.
Plan documents
Prepare audit information request list, key schedules, reconciliations and responsible persons.
Review records
Examine books, ledgers, supporting documents, statutory filings and management schedules.
Verify and reconcile
Perform verification, sample checks, confirmations, reconciliations and analytical review as relevant.
Discuss observations
Share audit queries, documentation gaps, control observations and reporting matters with management.
Close and report
Finalise required schedules, working papers, reporting points and applicable audit documentation.
Information usually required
The exact requirement depends on the audit type, nature of business and applicable law. These are common inputs generally required for audit preparation, including risk and control information where internal audit or process review is involved.
Financial records
- Trial balance and ledger accounts
- Bank statements and reconciliations
- Sales, purchase and expense records
- Debtor and creditor schedules
- Fixed asset register and depreciation working
- Loan statements and balance confirmations
Compliance records
- GST returns and reconciliation statements
- TDS returns, challans and certificates
- Income tax computation and prior year returns
- Payroll and statutory contribution records
- Agreements, approvals and minutes, where applicable
- Inventory, stock and valuation records
Risk control matrix
- Key business processes and process owners
- Identified financial, operational and compliance risks
- Existing controls, approvals and maker-checker steps
- Control frequency, evidence and responsible persons
- Previous audit observations and corrective actions
- Exceptions, overrides and management review points
Connected areas of support
Audit work is closely connected with accounting, GST, tax compliance and project documentation. These links improve user navigation and page-level search clarity.
Bookkeeping & Accounting
Monthly accounting, MIS, reconciliations and year-end closing support.
View accounting servicesGST Services
GST return filing, ITC reconciliation and compliance record support.
View GST servicesIncome Tax & TDS
Tax computation, TDS records, return filing support and compliance review.
View tax servicesAudit service questions
What audit services does Vijayarajan & Associates provide?
The firm assists with statutory audit, tax audit support, internal audit, stock audit assistance, compliance review, audit readiness and audit documentation support.
Who may require statutory audit?
Companies and other entities may require statutory audit depending on their legal structure, turnover, borrowings, applicable law and regulatory requirements.
What is internal audit useful for?
Internal audit helps review internal controls, accounting processes, documentation practices, compliance systems, risk areas and management reporting.
Can the firm help before the audit starts?
Yes. The firm assists with audit readiness, account closing, reconciliations, schedules, supporting documents and review of pending compliance records.
Does audit preparation guarantee a clean audit report?
No. Audit preparation helps organise records and identify issues. The final audit observations or report depend on audit evidence, applicable standards, facts and professional judgement.
Discuss your audit or review requirement
Share the entity type, financial year, audit requirement, current accounting status and the records available for review.