The audit process plays a key role in establishing the authenticity of the financial data presented by businesses to their stakeholders. A reliable auditing process can help to figure out any discrepancies that might exist in the official records. This ensures transparency for all interested parties. A financial audit process entails an unbiased examination of the financial statements related to a business. The aim is to ensure that information recorded is fair, accurate and complies with the legal standards set by authorities.
The audits can be conducted internally by the employees or externally by a certified public accountant, as per the requirements. Hiring the best audit firm in India ensures that your auditing process is free from bias and random errors. An error-free audit process not only helps the business to discover its flaws but also informs the stakeholders of any fraudulent activities.
Best audit firms in India
Here are some of the most reputed and reliable audit firms in India that you can consider for an error-free and unbiased auditing process.
The first in this list is one of the most popular names from the big four list, Deloitte.
Deloitte is one of the biggest audit firms globally that also operates in India. It has offices in over 150 countries and employs a record number of professionals to deliver its services effectively. Some of the top services offered by Deloitte in India includes audit & assurance, consulting, tax planning, corporate governance, financial advisory and risk management.
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The PricewaterhouseCoopers (PwC) is another big name from the big four of the auditing world. This is one of the most reputed firms offering a wide range of financial services in over 155 countries. It has a PAN India presence with offices in most prominent Indian cities including Delhi, Bengaluru, Mumbai, Hyderabad, Chennai, Ahmedabad, Dehradun and Bhopal. The popular services being offered by PwC to clients in India include legal, forensics, alliance and ecosystem, family business services, etc.
- Ernst & Young
Ernst & Young (EY) is a UK based accounting firm that is also a part of the big four leagues. It is one of the oldest accounting firms that came into existence after several mergers. Popular service offerings by EY India includes business strategy and consulting, audit & assurance, taxation, corporate finance, technology, etc.
KPMG is a Dutch-British professional services firm that is headquartered in the Netherlands. It is one of the best global accounting firms that exist in the contemporary. It employs over 2,36,000 professionals in over 145 countries. It offers a wide range of finance, accounting and tax-related services to businesses. Some of the key service propositions include corporate and international tax, transfer pricing, indirect tax, audit and assurance, banking and financial services, etc.
- AKM Global
AKM Global is one of the pioneers in the Indian accounting space that also boasts of an international clientele. Founded in 1981, it is one of the oldest auditing firms in India that takes a holistic approach to prove accounting and taxation related services to businesses across various domains. Some of the most prominent service offerings by AKM Global includes business advisory, audit & assurance, taxation, corporate support, transfer pricing, due diligence, etc. AKM Global is known for providing personalised quality services to businesses that are also highly cost-effective.
- Grant Thornton LLP
Grant Thornton LLP is one of the oldest and most reliable accounting firms in India. Established in Chicago in 1924, it is one of the best audit firms globally that has a robust international presence. It employs over 10000 professionals globally and offers a wide range of audit services including audit innovation, accounting advisory, digital assets audit, private and public company audit, etc.
- SS Kothari Mehta & Co.
SS Kothari Mehta & Co. is a Delhi based audit firm from India that was established in 1953. It has a strong domestic presence with offices in all major Indian cities including New Delhi, Kolkata, Mumbai, Chandigarh, etc. It has over 500 professionals to deliver a diverse set of services including direct taxes, audit & assurance, indirect taxes, business advisory, IT risk advisory, etc. It is also regarded as one of the best audit firms in India. Visit: Techairo