Audit & Assurance Services

Our Audit & Assurance Offerings

We provide a comprehensive suite of audit and assurance services across industries and organizational structures:

Tax Audit under Income Tax Act, 1961

1. Audits as required under Section 44AB of the Income Tax Act.

2. Examination of income, expenses, and deductions for accurate tax computation.

3. Submission of Form 3CD with certified data and commentary.

GST Audit & Compliance Review

1. Verification of GST returns, input tax credit (ITC) claims, reconciliations, and tax liabilities.

2. Filing of GSTR-9C and GST audit reports for eligible taxpayers.

3. Diagnostic review for indirect tax risks and compliance improvement.

Statutory Audit

1. Audits conducted under the Companies Act, 2013 and other applicable laws.

2. Ensures financial statements present a true and fair view in accordance with Indian GAAP or Ind AS.

3. Applicable to companies, LLPs, and other statutory entities.

Forensic Audit & Investigations

1. Investigative audits to detect fraud, financial misstatements, or regulatory non-compliance.

2. Review of documents, digital trails, and financial records to establish facts.

3. Suitable for shareholder disputes, fund tracing, or whistleblower alerts.

Concurrent Audit (especially for Banks & NBFCs)

1. Real-time transaction audit for identifying irregularities as they occur.

2. Emphasis on monitoring internal controls, fraud prevention, and compliance for financial institutions.

3. Partner-led execution in line with RBI and ICAI guidance notes.

Internal Audit

1. Focused on evaluating internal controls, processes, compliance risks, and operational efficiency.

2. Advisory on SOP implementation, fraud prevention, and governance enhancement.

3. Regular audit cycles customized to your business and sector.

Certification & Regulatory Audits

1. Issuing certifications for net worth, turnover, foreign remittance, and other financial declarations.

2. Audits under RERA, SEBI, and RBI frameworks as per statutory requirements.

3. Compliances for startups, NGOs, and public sector units (PSUs).

Stock Audit / Inventory Verification

1. Periodic verification of inventory to detect discrepancies, pilferage, or process gaps.

2. Required by banks, NBFCs, and investors to validate asset coverage and working capital levels.

3. Custom audit formats for retail, manufacturing, and warehousing sectors.

PSU & Government Audits

1. Specialized audit support for Public Sector Undertakings (PSUs) and government bodies.

2. Ensuring policy adherence, utilization of public funds, and transparency.

3. Reporting aligned with CAG audit expectations and internal controls.

Why Choose H M B M & ASSOCIATES for Audit & Assurance?

1. ICAI-Certified Audit Professionals – Our partners hold specialized certifications including Concurrent Audit of Banks.

2. Industry-Specific Expertise – We serve clients in banking, manufacturing, logistics, retail, PSU, and more.

3. Risk-Focused Approach – We help organizations not just comply, but also manage risks and improve internal processes.

4. Pan-India Presence – Serving clients across multiple states with local insight and national experience.

5. Ethical, Independent, and Confidential – We uphold the highest professional standards and ethical values.

Audit That Delivers More Than Just Numbers

Our goal is to provide more than just compliance—we deliver insight-driven audits that help businesses improve performance, build stakeholder trust, and anticipate risk. Whether you're a growing business or an established enterprise, our audit processes are designed to give you the clarity and confidence you need to grow sustainably.

📞 Need an audit partner who adds real value? Contact H M B M & ASSOCIATES today.