Audit & Assurance

AUDIT & ASSURANCE

Reliable assurance services are essential for building trust, ensuring compliance, and strengthening financial transparency. At B D Jokhakar & Co, assurance has been a core strength since the firm’s inception, serving businesses across multiple industries and regulatory environments. Our team combines technical expertise with deep industry knowledge to deliver independent, accurate, and insightful audits.

Assurance

As Assurance is the independent verification of a company’s financial records to ensure accuracy, transparency, and compliance with statutory frameworks. We provide a rigorous review process that encompasses Statutory Audits, Tax Audits and specialized reporting for various foreign offices as required under FEMA. Our Partner-led approach strengthens stakeholder confidence by delivering a true and fair view of your financial position.

Independent / Statutory Audit
Audits under Indian Income Tax Act
Stock Audit
Audits under other laws
Audits of Liaison Office, Branch Office, and Project Office of Foreign Firms as required under FEMA
Certifications

Internal and Other Audit

Internal Audit is a proactive management tool designed to evaluate and improve the effectiveness of a company’s risk management, control, and governance processes. We provide Information System Security Audits and customized financial health checks to identify operational gaps. By performing concurrent and management audits, we help organizations mitigate risks and enhance operational efficiency.

Risk Advisory and Internal Audit
Information System Security Audit
Customized Audits
Financial Health Check
Concurrent Audit

Internal Financial Controls

Internal Financial Controls are the policies and procedures put in place to ensure the reliability of financial reporting and the safeguarding of assets. Our firm conducts a thorough Review of “AS IS” Processes to identify operational vulnerabilities and analyze GAPS, providing actionable recommendations for improvement. We specialize in formalizing these controls through the Preparation of Standard Operating Procedures (SOPs) and Risk and Control Matrices (RACM), followed by rigorous Testing of Controls to ensure ongoing compliance and risk mitigation.

Review of “AS IS” Process
Analysing GAPS and providing Recommendations
Preparation of Standard Operating Process (SOP)
Preparation of Risk and Control Matrix (RACM)
Testing of Controls

IND AS, IFRS and US GAAP

Ind AS and IFRS represent the global accounting languages designed to bring consistency and transparency to financial statements across different jurisdictions. GAAP Conversion is the process of restating financial statements from one set of accounting principles to another, such as converting Indian GAAP to US GAAP for global consolidation. We assist organizations in navigating the complexities of global financial reporting through seamless transition and conversion services.