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Audit & Assurance Support

India audit. International standards.

Overview

What you get

For foreign-owned India entities, we provide statutory audit, internal audit, tax audit, and special-purpose audit services — all delivered to international quality standards. We also provide outsourced audit support for US and UK audit firms looking for cost-effective India-based resources.

Every company operating in India requires a statutory audit under the Companies Act, 2013. For subsidiaries of US and UK parent companies, the audit must also satisfy group reporting requirements, component auditor instructions, and home-country regulatory expectations, which we align closely with our India Regulatory & FEMA Compliance audits.

DMCGlobal's audit team understands both worlds. Our statutory audits meet Indian Standards on Auditing while our working papers and deliverables are formatted to satisfy Big-4 group audit requirements. We communicate directly with your parent company's auditors and provide seamless component audit support, working in sync with our SOX & Risk Consulting team.

We also provide outsourced audit support for US and UK audit firms — trained staff augmentation for fieldwork, workpaper preparation, data analytics, and quality control procedures at significantly lower cost than onshore resources. This is optimized in tandem with our Valuation & Purchase Price Allocation (PPA) experts.

Key Offerings

Statutory Audit (India)

Audit of financial statements under the Companies Act, 2013 with CARO reporting — formatted to meet both Indian statutory requirements and group audit instructions from US/UK parent auditors.

Internal Audit

Risk-based internal audits covering financial controls, operational processes, and compliance — with quarterly reporting to global audit committees in formats they expect.

Audit Staff Augmentation

Trained offshore audit professionals for US and UK audit firms — handling workpaper preparation, testing, data analytics, and documentation at 50–60% lower cost.

Special-Purpose & Agreed-Upon Procedures

Grant audits, compliance audits, SOC report support, agreed-upon procedures, and comfort letter assistance for regulatory and investor requirements.

ICFR & Internal Financial Controls

Designing, documenting, and evaluating internal controls under Section 134(5)(e) of Indian Companies Act.

Due Diligence Assistance

Independent financial reviews, working paper coordination, and component audit support for global parent auditors.

Why DMCGlobal Services LLP?

Our audit teams work seamlessly with global audit firms — delivering India-specific expertise in a format and quality standard that meets international expectations.

FAQs

Frequently Asked Questions

Do you act as the statutory auditor for Indian subsidiaries of foreign companies?

Yes, our Indian chartered accountants are fully qualified to perform statutory audits under the Companies Act, 2013 and issue independent audit reports acceptable to the Ministry of Corporate Affairs (MCA).

Can you collaborate directly with our global group auditors (e.g. Big Four)?

Absolutely. We have extensive experience acting as component auditors, answering questionnaires, facilitating file reviews, and coordinating under PCAOB or ISA guidelines with Big Four group auditors.

What is your methodology for internal process and risk controls audits?

We adopt a risk-based audit approach aligned with the COSO 2013 framework, focusing on internal financial control testing, process vulnerability mapping, and actionable management recommendations.