Nilesh Desai & Co. conducts audit and assurance assignments in accordance with Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India and applicable regulatory requirements under the Companies Act, 2013, RBI master directions, and SEBI listing obligations where relevant. Each engagement begins with understanding the entity, its industry, and internal control environment so that audit effort is directed at areas of higher risk and material misstatement.
The firm has decades of experience auditing corporates, listed companies, and banking institutions across Gujarat and India. Audit teams are led by partners with hands-on involvement in planning, review of significant judgements, and finalisation of reports and management letters.
Statutory And Regulatory Audits
- Statutory audits of private and public limited companies, including listed entities, under the Companies Act, 2013
- Reporting under the Companies (Auditor’s Report) Order (CARO) with attention to key audit matters and going concern
- Consolidated and standalone financial statements; coordination with component auditors where applicable
- Audit of subsidiaries, associates, and joint arrangements for group reporting
Banking And Financial Sector Audits
- Statutory audit of nationalised banks, private banks, and co-operative banks
- Concurrent audit of branches and departments as per RBI and bank circulars
- Stock audit and book debt verification for working capital limits
- Revenue audit and transaction audit programmes
- Compliance testing aligned with RBI inspection and internal audit requirements
Tax, Stock And Special Audits
- Tax audit under Section 44AB of the Income-tax Act, 1961
- Stock audits and physical verification of fixed assets for lenders and management
- Special purpose audits for mergers, fund raising, regulatory submissions, or lender covenants
- Agreed-upon procedures and limited review assignments within permitted scope
Our Audit Approach
Engagements follow a structured methodology: risk assessment, materiality determination, design of substantive and control-reliance procedures, sampling, and documentation that supports the audit opinion. Findings are discussed with management and those charged with governance before report issuance. Where appropriate, a management letter highlights control weaknesses and process improvements without substituting for management’s responsibility for internal control.
What Nilesh Desai &Amp; Co. Provides
- Timely audit reports within agreed timelines and coordination with board and audit committee schedules
- Clear communication of audit adjustments, unadjusted differences, and key accounting estimates
- Experience with Ind AS, Indian GAAP, and sector-specific disclosures for banking and manufacturing clients
- Support during regulatory inspections and follow-up on prior-year observations
For enquiries about statutory, bank, or tax audit appointments, contact the firm with entity details, financial year, and any specific regulatory or lender requirements.
This page describes professional services permitted to chartered accountants in practice. It is not intended as solicitation of work.