Assurance
Statutory audits, limited reviews, internal audits, and group audit engagements — delivered with the rigour of an AQMM Level 4 assessed firm.
Our Assurance Practice
The Assurance practice at PSCA & Co. is the firm's founding discipline and remains its primary area of engagement. Audit engagements are conducted in accordance with Standards on Auditing issued by the ICAI.
We conduct statutory audits under the Companies Act 2013, the Income Tax Act 2025, and applicable ICAI Standards on Auditing. Our group audit engagements comply with SA 600 — group audit coordination with component auditors — and our listed company audits are conducted in full compliance with NFRA requirements.
The firm has completed four Peer Review cycles conducted by the ICAI Peer Review Board and holds AQMM Level 4 assessment under ICAI's Audit Quality Maturity Model, which assesses quality management systems, documentation standards, and partner oversight processes.
Scope of Services
Statutory Audit
Annual audit of financial statements under the Companies Act 2013, including standalone and consolidated accounts, Schedule III compliance, and CARO reporting.
Tax Audit
Audit under Section 44AB of the Income Tax Act 2025, including Form 3CD preparation, clause-wise verification, and coordination with the statutory audit team.
Limited Review
Quarterly limited review engagements for listed companies under SEBI LODR — analytical procedures, management inquiry, and review report issuance.
Internal Audit
Risk-based internal audit programs, process audits, IFC (Internal Financial Controls) testing, and board/audit committee reporting under SA 610 framework.
Group Audits (SA 600)
Group audit coordination as principal auditor and as component auditor — instructions, audit evidence assessment, and consolidated reporting in compliance with SA 600.
Special Purpose Reports
Certificates, agreed-upon procedures, compilation engagements, and other special purpose reports for specific regulatory, lender, or investor requirements.
Our Audit Approach
Risk Assessment & Planning
Deep understanding of the entity's business, industry, and internal controls. Risk-based audit planning with materiality determination and engagement team assignment.
Controls & Substantive Testing
Testing of operating effectiveness of internal controls, substantive analytical procedures, and detailed vouching — with documented work papers at every stage.
Review & Partner Sign-off
Manager-level and partner-level review of all work papers, application of professional judgement, and resolution of outstanding matters before reporting.
Reporting
Issuance of audit reports, management letters, IFC reports, and other deliverables — with a management communication meeting to discuss key findings.