Audit & Assurance

At DHS & Co., we provide comprehensive Audit and Assurance Services that ensure financial accuracy, transparency, and compliance. Our expertise covers a wide range of audits, including Statutory Audits, Tax Audits, GST Audits, Internal Audits, Bank Audits, and Special Purpose Audits. Each engagement is conducted with utmost integrity and diligence to strengthen internal controls, ensure regulatory compliance, and provide valuable insights that drive business improvement and informed decision-making.

Statutory Audit

We conduct Statutory Audits in accordance with the Companies Act, 2013 and the auditing standards issued by the ICAI, as it is mandatory for every company to get its books of accounts audited to ensure that the financial statements present a true and fair view. Our audit process involves verifying financial accuracy, evaluating internal controls, and checking compliance with all applicable laws and regulations, enabling us to express an informed and independent opinion on the financial statements. Backed by an experienced team of Chartered Accountants with deep knowledge of laws and extensive experience across industries such as pharmaceuticals, manufacturing, services, trading, and financial institutions, we deliver transparent, insightful, and value-driven audit solutions that strengthen trust and credibility.

Tax Audit

We conduct Tax Audits in accordance with Section 44AB of the Income Tax Act, 1961, which makes it mandatory for businesses meeting specified turnover or income criteria to get their books of accounts audited. Our audit process includes detailed reporting under various clauses and forms such as Form 3CA/3CB, 3CD, and 3CEB, ensuring full compliance with statutory requirements. Backed by an experienced team of professionals, we focus on accurate reporting, timely submission, and proactive guidance to help clients minimize penalties, interest, and late fees, while maintaining complete adherence to the provisions of the Income Tax Act.

Bank Audit

We provide comprehensive Bank Audit Services aimed at ensuring accuracy, transparency, and adherence to regulatory guidelines within the banking sector. Our scope of work includes Statutory Bank Audits, Concurrent Audits, Revenue Audits, and Stock Audits, as well as the preparation of the Long Form Audit Report (LFAR) in line with RBI and ICAI guidelines.

Our audit procedures involve a detailed review of loan accounts, advances, Non-Performing Assets (NPAs), interest income, provisioning, and internal control systems to ensure that banks operate in full compliance with applicable laws and prudential norms. We also assess KYC compliance, documentation adequacy, and risk management practices to detect irregularities and enhance process reliability.

With an experienced team of Chartered Accountants and audit professionals having deep knowledge of banking operations, we deliver timely, accurate, and insightful audit reports that strengthen financial governance, operational efficiency, and stakeholder confidence.

GST Audit

We conduct GST Audits to ensure businesses maintain complete compliance with GST laws and accurate reporting of all transactions. Our audits include a detailed review of returns, books of accounts, ITC utilization, and reconciliations to identify discrepancies and ensure timely, error-free filing of GSTR-9 and GSTR-9C.

Key areas covered:

• Turnover and tax payment reconciliation

• Cross-verification of ITC (GSTR-2B, 3B, and books)

• Review of ITC carry forward and reversals

• Validation of e-invoices and e-way bills

• Verification of outward/inward supplies and rate classification

• Review of refund claims and adjustments

Our experienced team combines accuracy with a technology-driven approach to ensure transparent, compliant, and reliable GST reporting.

Internal Audit

We conduct Internal Audits regularly, at specific intervals, or as per client requirements to ensure effective control and smooth operations. Our audits evaluate daily processes, internal controls, and compliance measures, helping businesses identify gaps, manage risks, and strengthen governance. By reviewing operational efficiency and the measures taken to achieve organizational goals, we provide valuable insights for improved performance and sustained growth.

Other Audit & Assurance Services

We also provide a wide range of Assurance and Certification Services to meet regulatory and business requirements. These include issuing Foreign Remittance Certificates (Form 15CB), Net Worth Certificates, Turnover Certificates, Fund Utilization Certificates, Projected Financial Statements, and Due Diligence Reports. Our certifications are prepared with accuracy and in accordance with statutory norms, helping clients present reliable financial information to banks, regulatory authorities, and other stakeholders. We further provide other audit services such as Information System Audit, Stock Audit, Payroll Audit, and similar specialized reviews to ensure accuracy, compliance, and operational efficiency.