Plan around risk
Identify material processes, reporting risks and control dependencies before fieldwork begins.
Practice area
Audit and Assurance Services
Assurance focused on the quality of reporting, evidence and controls—not only completion of a statutory checklist.
CA. Jigar Shah · JRSM & AssociatesProfessional focus
Assurance designed to strengthen reporting, controls and business confidence—not merely close a checklist.
Vadodara is our office base. Clients beyond the city are welcome to enquire about support for their matter.
Who this may assist
- Companies, firms and entities with statutory or tax-audit requirements
- Management teams seeking stronger finance and reporting controls
- Growing businesses preparing for scrutiny, funding or expansion
Matters covered
Start with the actual proceeding or decision.
- Statutory audit and financial-statement assurance
- Tax audit and reporting under applicable provisions
- Internal audit and process-control reviews
- Ledger, inventory, revenue and expenditure testing
- Management reporting and exception analysis
- Corrective-action tracking and control improvement
Working approach
Facts, law and action kept in one line of sight.
Test the evidence
Use records, reconciliations, confirmations and analytical review to evaluate the reported position.
Close the loop
Communicate findings clearly and track practical corrective actions with management.
Prepare for the first review
Records to organise before audit fieldwork begins.
An organised record helps identify the issue and prepare a complete, focused response.
- The final or latest trial balance, complete general ledger, financial statements and a mapping of each financial-statement line to the supporting schedules.
- Bank, receivable, payable, inventory, fixed-asset, GST and tax reconciliations, with reconciling items identified by owner, age and expected resolution date.
- Material contracts, loan and security documents, board or partner approvals, related-party details and significant correspondence affecting recognition, measurement or disclosure.
- A list of estimates, provisions, contingencies, commitments and subsequent events, together with management's assumptions and the evidence supporting them.
- System access or reliable exports, opening-balance support, prior-year observations and a single request tracker showing the responsible person and current status.
Common questions
Audit readiness: evidence, reconciliations and open items.
Should records be shared before every balance is final?
Usually, yes. Share the latest controlled trial balance and clearly label provisional schedules. Early review can identify missing evidence and unresolved reconciliations, while the final audit opinion or report still depends on the completed records and applicable engagement.
What makes a reconciliation useful for audit?
It should agree two independently identifiable records, explain every difference, show ageing where relevant and identify the person and date responsible for clearing each open item. A total without supporting items or an unexplained plug is not a completed reconciliation.
How should management track audit requests?
Use one controlled request list with the document requested, period, owner, due date, version and response status. Preserve the submitted version and link it to the supporting source rather than circulating multiple unlabelled files.
Does a tax-audit upload complete every audit responsibility?
No. Tax audit, statutory audit, internal audit and other assurance work have different scopes and reporting requirements. Confirm the applicable engagement, governing law, reporting period, signatory workflow and portal acceptance separately.
Income Tax Department: Form 3CA–3CD user manual
ICAI: Checklist on Standards on Auditing
General audit-readiness guidance · Updated 21 October 2026. Scope, evidence and reporting depend on the specific engagement, applicable law and current professional standards.
Audit & Assurance · Professional consultation